Question: The Greyhound Company is considering changing its current inventory-control system for electronic picture frames. The information regarding one e-frame is given below: Average demand =230
The Greyhound Company is considering changing its current inventory-control system for electronic picture frames. The information regarding one e-frame is given below: Average demand =230 units / week Lead time =3 weeks Order cost =$65 /order Unit cost =$65 Carrying charge rate =0.060 Desired service level =90 percent Standard deviation of weekly demand =42 Number of weeks per year =52 Use the FPS Safety Stock Excel template in MindTap to compute T and M for a fixed-period inventory system model with and without safety stock. Use the rounded EOQ value in your calculations. Use Appendix A to determine z-value. Round z-value to two decimal places. Do not round intermediate calculations. Round your answer for T up to the nearest whole number and round your answer for M to the nearest whole number. weeks
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