A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a...
|
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 10 days, and lead time is 2 days. Average demand for one item is 69 units per day, and the standard deviation of demand is 11 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. |
| Use Table. |
| Cycle | On Hand |
| 1 | 44 |
| 2 | 10 |
| 3 | 99 |
|
Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number) |
| Cycle | Units |
| 1 | |
| 2 | |
| 3 | |
Homework Answers
Periodic review system also called fixed interval reorder system has four original economic order quantity assumptions: -
- There are no restrictions on lot size.
- ordering cost and carrying cost
- demand should be independent
- The lead time is constant.
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A drugstore uses fixed-order cycles for many of the items it
stocks. The manager wants a...
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a...
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PLEASE be sure to label answers. Thank you. A drugstore uses fixed-order cycles for many of...
PLEASE be sure to label answers.
Thank you.
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last two of my answers are incorrect. please help! Problem 13-31 A drugstore uses fixed-order cycles...
last two of my answers are incorrect. please help!
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PLEASE be sure to label answers.
Thank you.
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last two of my answers are incorrect. please help!
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