Assume you are managing inventory for the JOY shampoo in a store. The daily demand is 90

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Assume you are managing inventory for the JOY shampoo in a store. The daily demand is 90 bottles. The unit inventory holding cost per day for one bottle of shampoo is 4 dollars. The order cost per order placed is 2000 dollars. The lead time for the order to arrive is 3 days. Your task is to develop a (Q,R) policy to minimize the total cost (which includes the total inventory holding cost and the total order cost). Answer each of the following questions. (a) What should be your reorder point R? (b) Can you order less than 270 bottles? Why

Posted Date: May 18, 2024 11:03 AM

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Assume you are managing inventory for the JOY shampoo in a store. The daily demand is 90

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