Question: Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates

weeks in a year. Refer to the standard normal table

for z-values.

Demand

91,000

units/year

Ordering

cost =

$60.00/order

Holding

cost =

$4.50/unit/year

Average

lead time =

week

Standard

deviation of weekly demand =

250

units

Part 2

a. The economic order quantity for this item is

enter your response here

units.

(Enter your response rounded to the nearest whole number.)

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!

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 52 weeks in a year. Refer to the...

Petromax Enterprises uses a continuous review inventory control system for one of its SKUS. The following information is available on the item. The firm operates 4 8 weeks in a year. Refer to the...

1) please help me with this work? Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 52...

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firPetromax Enterprises uses a continuous review...

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 48 weeks in a year. Refer to the...

q11 Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 48 weeks in a year. Refer to the...

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 48 weeks in a year. Refer to the...

Petromax Enterprises uses a continuous review inventory control system for one of its SKUs. The following information is available on the item. The firm operates 48 weeks in a year. Refer to the for...

44) KBr does not dissolve well in nonpolar solvents because A) solute-solute interactions are much larger than solvent-solvent or solute-solvent interactions. B) solvent-solvent interactions are much...

1. Disneys culture contributed greatly to their nearly 100 years of global success. What type of culture enabled Disney to be so successful? What did they do to specifically communicate and...

Approximately how many thrifts are now operating in the United States? Multiple Choice 4 , 3 0 0 7 , 0 0 0 5 0 , one in each state It is unknown as to how many thrifts are operating in the U . S

Hotel ABC is a 150 room 3.5-star property. The owner of Hotel ABC projected a rack rate of $289 for entire second week of July. The revenue manager projected the following data based on his analysis....