Question: Calculate expected fill rate, Expected backorder, expected on hand inventory and expected on-order inventory and profit per week. Mean of demand/ week = 20, SD
Calculate expected fill rate, Expected backorder, expected on hand inventory and expected on-order inventory and profit per week.
Mean of demand/ week = 20, SD of demand / week = 4, lead time = 2 weeks
Underage Cost = 3 per unit, Overage Cost = 2 per unit per period
Selling price = 100 and unit cost = 80 per unit
Exercise: Given S=61.80 - Mean of Demand/week =20, SD of Demand/Week =4, Lead time =2 weeks - Underage Cost =3 per unit, Overage Cost =2 per unit per period - Selling price =100 and unit cost =80 per unit - Calculate expected fill rate, expected backorder, expected on hand inventory and expected on-order inventory and profit per weekStep by Step Solution
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