Question: please help solving question6 Question 6 1 pts A distributor of large appliances needs to determine the order quantities and reorder points for the various

please help solving question6
Question 6 1 pts A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries. The following data refer to a specific refrigerator in its product line: Cost of refrigerator The cost to place an order Holding cost Annual demand The standard deviation of daily demand Lead time $432 each $123 15 percentage of product cost per year 730 refrigerator 8 refrigerators 14 days (constant) What is the economic order quantity? "Round your answers to 3 decimal places in your calculation if necessary.Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
