Question: Question content area Part 1 Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of
Question content area
Part
Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of its SKUs at a constant rate of
comma
units per year. It costs Leaky Pipe
$
to process an order to replenish stock and
$
per unit per year to carry the item in stock. Stock is received
working days after an order is placed. No backordering is allowed. Assume
working days a year.
Part
a Leaky Pipe's optimal order quantity is
units. Enter your response rounded to the nearest whole number.
Part
b The optimal number of orders per year is
orders. Enter your response rounded to the nearest whole number.
Part
c The optimal intervalin working days between orders is
days. Enter your response rounded to one decimal place.
Part
d The demand during lead time is
units. Enter your response rounded to the nearest whole number.
Part
e The reorder point 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
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
