Question: Demand =120 pairs/week Lead time = three weeks Order cost =$40/ order Holding cost =$2.00/ pair / year Cycle service level =94 percent Standard deviation

Demand =120 pairs/week Lead time = three weeks

Demand =120 pairs/week Lead time = three weeks Order cost =$40/ order Holding cost =$2.00/ pair / year Cycle service level =94 percent Standard deviation of weekly demand =60 Number of weeks per year =52 Economic order quantity: units Reorder point: units and no back orders. Should he place an order? Explain your answer. Since the inventory level of 600 pairs is than the reorder point, Emily place an order. number

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