Question: SHOW PROCESS/FOMULA FOR EACH STEP Return to Application 9.5 , but now use the P system for the item. Demand =10 units/week (assume 52 weeks

SHOW PROCESS/FOMULA FOR EACH STEP Return to Application 9.5 , but now

SHOW PROCESS/FOMULA FOR EACH STEP

Return to Application 9.5 , but now use the P system for the item. Demand =10 units/week (assume 52 weeks per year) =520 EOQ=62 units (with reorder point system) Lead time (L)=3 weeks Standard deviation in weekly demand =8 units z=0.525 (for cycle-service level of 70% ) If you make the average lot size using the periodic review system approximate the EOQ, Reorder interval: Total cost

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