Question: Q3. A Tire assembling companies has kept an inventory of 90 tires. The demand of tires for each month is shown in the table. If

Q3. A Tire assembling companies has kept an

Q3. A Tire assembling companies has kept an inventory of 90 tires. The demand of tires for each month is shown in the table. If the ordering cost is 2$ and holding cost is 50$, and the schedule of receipt for 100 tires is in 5th period and lead time is of 3 months. Find the planned order releases using Fixed order period of 2 months. How many items will arrive late? Month 1 2 3 4 5 6 7 8 9 Demand 80 100 60 90 100 80 70 50 90

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