A company changes turret heads used in the manufacturing process every day. The firm uses 55 machines
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Question:
A company changes turret heads used in the manufacturing process every day. The firm uses 55 machines to process the metal parts. Each machine involves two turret heads. The company orders these parts periodically. The cost of the order is $ and the keeping cost of each turret head is $9 per day. The lead time for these parts is 12 days. Please determine the optimal inventory policy for ordering turret heads
What is the Order quantity number of units
What is the associated cycle length?
What is the reorder point?
What is the daily inventory cost?
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