e) At the last management meeting, the management of Ross White decided to change its inventory...
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e) At the last management meeting, the management of Ross White decided to change its inventory control model to a fixed time model, with the same lead time of 2 days and placing orders every 2 weeks, with the suppliers. Average daily demand remains the same and with the same standard deviation. Currently there are 700 units of inventory on hand. What size orders should Ross White's Machine Shop place with suppliers? e) At the last management meeting, the management of Ross White decided to change its inventory control model to a fixed time model, with the same lead time of 2 days and placing orders every 2 weeks, with the suppliers. Average daily demand remains the same and with the same standard deviation. Currently there are 700 units of inventory on hand. What size orders should Ross White's Machine Shop place with suppliers?
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eAssuming that Ross Whites current inventory model is a fixed order quantity model the num... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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