Question: Please write a story when you answer it. Design your own inventory management problem with the required input data and answer the followinestions a. What

Please write a story when you answer it. Design

Please write a story when you answer it.

Design your own inventory management problem with the required input data and answer the followinestions a. What is the optimal order size? b. What is the optimal number of orders. per year? c. What is the optimal number of days between orders? d. What is the annual inventory cost? e. If the lead time were x days/weeks/months, what would be the reorder point? f. For what value of ordering cost would y units of order size be optimal? *Determine unit of time, X, Y, and all required input data by youtself depending on your problem randomly and rationally. (no production, no discount)

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!