Question: incorrect for the work you have completed so far. It does not indicate Problem 7-10 (Algo) A sporting goods company has a distribution center that

incorrect for the work you have completed so far.
incorrect for the work you have completed so far.
incorrect for the work you have completed so far.
incorrect for the work you have completed so far.
incorrect for the work you have completed so far. It does not indicate Problem 7-10 (Algo) A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 240 units per day, with a standard deviation of 23 units Average lead time = 23 days with a standard deviation of 2 days 250 days per year Unit cost = $24 Desired service level = 95% Ordering cost = $58 Inventory carrying cost = 25% a. What is the standard deviation of demand during lead time? (Round up your answer to the next whole number.) Answer is complete and correct. 493 units Standard deviation b. How much safety stock should be carried? (Round up your answer to the next whole number.) Answer is complete and correct. TER Next c. Calculate EOQ. (Round up your answer to the next whole number.) X Answer is not complete. EOQ units d. Calculate annual ordering cost. (Round your answer to 2 decimal places.) Answer is not complete. Annual ordering cost 1 of 10 Prey 1 of 10 Mc Graw Hill

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!