Question: plz answer a,b and c Flxed Time Period Model Given Information: - Annual Demand = 1000 units - # days per year =365 - Ordering
plz answer a,b and c
Flxed Time Period Model Given Information: - Annual Demand = 1000 units - \# days per year =365 - Ordering cost =$5/ order - Holding cost =$1.25/ unit / year - Lead time =5 days - Unit cost =$12.50 a) Find the Economic Time Interval (T) IN DAYS =Q :/D b) Find the Optimal Replenishment Level (M)=d(T+L). c) Explain how this inventory model works in a sentence or two using the values you calculated for a) and b) above. Be specific
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