A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory...
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A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the folowing characteristica >Demand (D) = 2,000 units/year >Demand is normaly distributed > Standard deviation of weekly demand = 2 units Ordering cost = $50/order >Annual holding cost (H) = $5.00/unit > Desired cycle- service level = 92% Lead time (L) = 5 weeks a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number.) A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the folowing characteristica >Demand (D) = 2,000 units/year >Demand is normaly distributed > Standard deviation of weekly demand = 2 units Ordering cost = $50/order >Annual holding cost (H) = $5.00/unit > Desired cycle- service level = 92% Lead time (L) = 5 weeks a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number.)
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Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Posted Date:
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