Question: O E. All A., B., and C. are correct. Question 15 3.33 pts Daily demand for a certain pocket watch is normally distributed with a

O E. All A., B., and C. are correct. Question 15
O E. All A., B., and C. are correct. Question 15 3.33 pts Daily demand for a certain pocket watch is normally distributed with a mean of 29 units and a standard deviation of 3 units. Supply is certain with a lead time of 6 days. The cost of placing an order is $25.10 and the annual carrying cost is 20 percent of the unit price of $50.00. The watch company opens 300 days per year. If the watch seller wants to maintain a 95% service level, the economic order quantity and reorder point, respectively, are: 209 units. 186 units 209 units, 174 units 209 units, 9.4 units 383 units. O units Insufficient Information to determine the values

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!