A company operating under a continuous review system has an average demand of 50 units per...
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A company operating under a continuous review system has an average demand of 50 units per week for the item it produces. The standard deviation in weekly demand is 20 units. The lead-time for the item is six weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year. What is the economic order quantity (EOQ) for this item? less than or equal to 175 units greater than 175 units but less than or equal to 200 units greater than 200 units but less than or equal to 225 units O greater than 225 units A company operating under a continuous review system has an average demand of 50 units per week for the item it produces. The standard deviation in weekly demand is 20 units. The lead-time for the item is six weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year. What is the economic order quantity (EOQ) for this item? less than or equal to 175 units greater than 175 units but less than or equal to 200 units greater than 200 units but less than or equal to 225 units O greater than 225 units
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Related Book For
Automation Production Systems and Computer Integrated Manufacturing
ISBN: 978-0132393218
3rd edition
Authors: Mikell P.Groover
Posted Date:
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