Given The Following Information Formulate An Inventory Management System The Ite

$250.00

Annual holding cost (%)33% of item cost

Annual demand25,750

Average demand515 per week

Standard deviation of weekly demand 25 per week

Lead time 1 week

Service probability 95%

a. State the order quantity and reorder point.

b. Determine the annual holding and order costs.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply