Question: i need the last part, the average time between orders. thank you. Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and

i need the last part, the average time between orders. thank you. i need the last part, the average time between
Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. > Demand = 96 bags/week > Order cost = $58/order > Annual holding cost = 30 percent of cost > Desired cycle-service level = 96 percent > Lead time = 1 week(s) (5 working days) > Standard deviation of weekly demand = 16 bags > Current on-hand inventory is 310 bags, with no open orders or backorders. a. What is the EOQ? Sam's optimal order quantity is 424 bags. (Enter your response rounded to the nearest whole number.) What would be the average time between orders (in weeks)? The average time between orders is 421.9 weeks. (Enter your response rounded to one decimal place.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!