Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop...
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Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. To determine the optimal target stock level, the shop manager first determines the optimal service level of the muffler product. Item Cost per Annual Holding Cost Unit ($) Review Period Lead Time Annual Demand Annual Working Days Backlog Cost ($) Percentage (in working days) (in working days) 3000 30 0.30 15 300 Please fill in the below table, which walks you through the calculation steps. For non-integer answers, please round the numbers to 2 decimal places (i.e., round 0.256 to 0.26). Cu ($) Underage Cost Co ($) Overage Cost Critical Ratio Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. To determine the optimal target stock level, the shop manager first determines the optimal service level of the muffler product. Item Cost per Annual Holding Cost Unit ($) Review Period Lead Time Annual Demand Annual Working Days Backlog Cost ($) Percentage (in working days) (in working days) 3000 30 0.30 15 300 Please fill in the below table, which walks you through the calculation steps. For non-integer answers, please round the numbers to 2 decimal places (i.e., round 0.256 to 0.26). Cu ($) Underage Cost Co ($) Overage Cost Critical Ratio
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Given data is Annual demand 3000 Item cost per unit 30 Annual holding cost 030 30 Review period 15 d... View the full answer
Related Book For
Operations and Supply Chain Management
ISBN: 978-0078024023
14th edition
Authors: F. Robert Jacobs, Richard Chase
Posted Date:
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