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2. The annual demand for a product is 5300 units. The weekly demand is 100 units with a standard deviation of 20 units.
Posted: Mon Apr 18, 2022 9:41 am
by answerhappygod
- 2 The Annual Demand For A Product Is 5300 Units The Weekly Demand Is 100 Units With A Standard Deviation Of 20 Units 1 (58.21 KiB) Viewed 49 times
2. The annual demand for a product is 5300 units. The weekly demand is 100 units with a standard deviation of 20 units. The cost to place an order is $30, and the time from ordering to receipt is 2 months. The annual inventory carrying cost is $0.1 per unit per week. a. Assuming that each month has 4 weeks, what is the distribution of demand during lead time? (5 points) b. Find the optimal order quantity, safety stock and also reorder point necessary to provide a 95% service probability? (9 points)