Question: To complete this assignment: In this assignment, your challenge is to determine annual demand for each raw material, determine the economic Order Quantities (EOQ), and
To complete this assignment:
In this assignment, your challenge is to determine annual demand for each raw material, determine the economic Order Quantities (EOQ), and Re-order Levels.
In a restaurant, we are selling three types of pizzas and demands for each product, and product structures have been given in the attached table.
Please find an attached Excel file for your review.
Please answer the following questions:
- Determine demands for each raw material.
- Determine the EOQ for each individual raw material.
- Explain why these EOQs are acceptable or not acceptable?
- Determine ROP levels based on lead time and the demand.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
