When demand is not constant, the reorder point is function of what four parameters?
Answer to relevant QuestionsState a major advantage, and a major disadvantage, of a fixed-period (P) system.William Beville’s computer training school, in Richmond, stocks workbooks with the following characteristics:Demand D = 19,500 units/year Ordering cost S = $25/order Holding cost H = $4/unit/year(a) Calculate the EOQ for ...Joe Henry’s machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:Annual demand: ...Wang Distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 20% of the unit cost, and the ordering cost is $25 per ...Tobacco is shipped from North Carolina to a cigarette manufacturer in Cambodia once a year. The reorder point, without safety stock, is 200 kilos. The carrying cost is $15 per kilo per year, and the cost of a stockout is $70 ...
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