For this example, what would our Safety Stock level be?

For the same item, with a fixed order cost of $6 and a total Demand of 144 but under a Continuous Review System, what would the Order Quantity or EOQ level be?

For this example, what would our Safety Stock level be?

For this example, what would our Average On-Hand Inventory be?

If we were evaluating this item as part of a Multi-Item analysis using the Days-of-Supply Approach with an evaluation period of 30 days (k), what would be our ROP reorder point?

What portion of the result from Question 8 would be considered Safety Stock?

In this example, how does the Days-of-Supply Approach compare with the results we calculated under the Periodic and Continuous Review Systems? What stands out in this evaluation?

If we were evaluating an item with the following characteristics under a Periodic Review System 3. Backorder Cost $30 Holding Cost $3.00 Mean Demand during Lead Time -12 units Standard Deviation 3 What would be the Order-Up-To Level? If we were evaluating an item with the following characteristics under a Periodic Review System 3. Backorder Cost $30 Holding Cost $3.00 Mean Demand during Lead Time -12 units Standard Deviation 3 What would be the Order-Up-To Level