A company has the demand of 2800 units per year, holding costs of $10 per unit and
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A company has the demand of 2800 units per year, holding costs of $10 per unit and setup costs (ordering cost) of $30 per order. The demand rate is constant. The order lead time is 1 days, and the company operates 235 days every year. Suppose that they have just received an order, in how many working days will they need to place an order again?
Related Book For
Operations Management
ISBN: 978-0071091428
4th Canadian edition
Authors: William J Stevenson, Mehran Hojati
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