Question: operation . (60pts) Design your own inventory management problem with the required input data and answer the following questions: . What is the optimal order

operation operation . (60pts) Design your own inventory
. (60pts) Design your own inventory management problem with the required input data and answer the following questions: . What is the optimal order size? . What is the optimal number of orders per year? . What is the optimal number of days between orders? . What is the annual inventory cost? . If the lead time were X days/weeks/months, what would be the reorder point? . For what value of ordering cost would y units of order size be optimal

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!