Differentiate between Fixed Order Quantity Model , Fixed Time Period Model and Determine the Economic Order Quantity an
Posted: Mon Jun 06, 2022 7:55 am
Differentiate between Fixed Order Quantity Model , Fixed
Time Period Model and Determine the Economic Order
Quantity and the reordering point for the following details.
Annual demand : 10,000 Units
No of days / year : 365
Cost to place an order : $10
Holding Cost per Unit per Year = 10% of the cost per
Unit.
Lead Time : 10 days
Cost per Unit : $15
Time Period Model and Determine the Economic Order
Quantity and the reordering point for the following details.
Annual demand : 10,000 Units
No of days / year : 365
Cost to place an order : $10
Holding Cost per Unit per Year = 10% of the cost per
Unit.
Lead Time : 10 days
Cost per Unit : $15