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Chinnab Chinnab
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6 years ago
The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair that costs 300.
 
  The annual holding cost rate is 40 of the item cost, annual demand is 900 units, and the ordering cost is 20 per order. The lead time is 4 days. Because demand is variable (standard deviation of daily demand is 2.4 chairs), PCE has decided to establish a customer service level of 90. The store is open 300 days per year.
  (a) What is the optimal order quantity?
  (b) What is the safety stock?
  (c) What is the reorder point?
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mich3093mich3093
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6 years ago
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6 years ago
You make an excellent tutor!
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Correct Slight Smile TY
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This helped my grade so much Perfect
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