This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A store has collected the following information on one of its products: Demand = 4,500 units/year ... (Read 18 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Apr 18, 2020
A store has collected the following information on one of its products:

Demand = 4,500 units/year
Standard deviation of weekly demand = 12 units
Ordering costs = $40/order
Holding costs = $3/unit/year
Cycle-service level = 90% (z for 90% = 1.28)
Lead-time = 2 weeks
Number of weeks per year = 52 weeks

a. If a firm uses the continuous review system to control the inventory, what would be the order quantity and reorder point?
b. The firm decided to change to the periodic review system to control the item's inventory. For the most recent review, an inventory clerk checked the inventory of this item and found 300 units. There were no scheduled receipts at the time. How many units should be ordered? (HINT: Use the EOQ model to derive P, the time between reviews.)
Operations Management ¦ Krajewski, Ritzman ¦ 7th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Evvie72 on Apr 18, 2020

mcabuhat

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Apr 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Apr 18, 2020
Great answer, keep it coming :)

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Genetic Information Genetic Information
Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers Eighteen-year-olds were the largest age cohort in the first year of the war in both armies. Soldiers
Indications for Blood Products Indications for Blood Products
The Excretory System Water and waste products from cells The Excretory System Water and waste products from cells
How many monochlorosubstitution products are possible for 2,3-dimethylbutane? How many monochlorosubstitution products are possible for 2,3-dimethylbutane?
A simplified overview of the genes and regulatory units involved in the control of lactose metabolis A simplified overview of the genes and regulatory units involved in the control of lactose metabolis
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library