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(FORMULA)
d |Weekly Demand |%2000 units
# weeks per year ||52 weeks
S | Setup or Order Cost | $100
H |Holding or Carrying Cost |10% per unit per year
C |Cost of the Item |$10 per unit
L |Lead Time |2 weeks
Z (.90)|Desired Service Level of 90%|1.3
\sigma _L |Standard Deviation of Demand During Lead Time|200 units
Using the above data, answer the following questions (show your work):
Calculate Q*(economic 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.s
Calculate T (target order-up-to level) for a Fixed Period Model.

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!