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 -

The Greyhound Company is considering changing its
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 - 180 units week Lead time - 4 weeks Order cost - $45/order Unit cost $68 Carrying charge rate - 0.080 Desired service level 95 percent Standard deviation of weekly demand - 37 Number of weeks per year - 52 Use the FPS Safety Stock Excel template in MindTap to compute Tand 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 2-value. Round 2-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 T: M

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!