Question 1 A Calculate The Economic Order Quantity B Calculate The Reorder Point C Calculate The Annual Holding And O 1 (12.34 KiB) Viewed 35 times
a. Calculate the Economic Order Quantity
b. Calculate the Reorder Point
c. Calculate the annual holding and ordering costs
Value Item cost Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Parameter $10.00 Order cost $250.00/order Annual holding cost 33% of item cost Annual demand 25,750 units Average weekly demand 515/week Standard deviation of weekly demand Lead time Service probability 95% 25 units 1 week
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