Question: Using the provided data, answer all the questions. SHOW ALL YOUR WORK ( F O R M U L A ) d | Weekly Demand
Using the provided data, answer all the questions. SHOW ALL YOUR WORK
d Weekly Demand units
# weeks per year weeks
S Setup or Order Cost $
H Holding or Carrying Cost per unit per year
C Cost of the Item $ per unit
L Lead Time weeks
Z Desired Service Level of
sigma L Standard Deviation of Demand During Lead Time units
Using the above data, answer the following questions show your work:
Calculate Qeconomic order quantity
Calculate ROP reorder point with and without safety stock for Reorder Point Model.
Calculate P time between orders for a Fixed Period Model.
Calculate T target orderupto level for a Fixed Period Model.
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