Question: Using the fixed order quantity inventory model, Find the economic order quantity and reorder point given the following. Round - up to the next whole
Using the fixed order quantity inventory model, Find the economic order quantity and reorder point given the following. Roundup to the next whole number
Show both answers and your work in excel or other schedule submitted with last question. Submit in the space below in order to moveon points, each
Annual demand days units
Ordering cost $ per order
Holding cost $ per unit per month
Lead time days
Cost per unit $
No safety stock
Economic Order quantity: units round up to next whole number
Reorder point: units round up to next whole number
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