Question: A: In picture B: The target inventory level should be? C: In this problem, _____________ is/are variable. D: If the company uses a continuos review
A: In picture
A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: > Demand (D)=2,000 units/year > Demand is normally distributed > Standard deviation of weekly dernand =2 units > Ordering cost =$30/ order > Annual holding cost (H)=$6.00 /unit > Desired cycle-service level =92% > Lead time (L)=4 weeks Refer to the standard normal table for z-values. a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number.)
B: The target inventory level should be?
C: In this problem, _____________ is/are variable.
D: If the company uses a continuos review system, what should R be?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
