Question: inventory on hand when an order is placed, and the reorder point may be expressed in terms of either the inventory position or the inventory
inventory on hand when an order is placed, and the reorder point may be expressed in terms of either the inventory position or the inventory on hand. Consider the economic order quantity model with $$ and working days per year. Identify the reorder point in terms of the inventory position and in terms of the inventory on hand for each of the following lead times:
a days
b days
c days
d days
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