XYZ factory operates 5 2 weeks per year. It uses a part with code RW 1 .
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Question:
XYZ factory operates weeks per year. It uses a part with code RW Weekly demand for RW follows a normal distribution with a mean units and standard deviation of units. The cost of each unit of RW is $ Holding costs are based on a interest rate. Lead time is given as weeks constant Ordering cost is $ per order.
a What is the economic order quantity?
b If the desired service level Type I is what is the safety stock?
c Determine the Reorder Point for the same service level as part b
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