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luhhshortiee luhhshortiee
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5 years ago
A company produces item Y, and uses the basic EOQ model for managing its inventory. Lead time to obtain item Y is two weeks. Demand is normally distributed with a mean of 500 units per week and a standard deviation of 40 units per week. The desired service level is 99%. The ordering cost is $12, and carrying cost is 20% of the items cost, which is $10.


Determine the order quantity for product Y. (Assume 52 weeks of operation per year.)
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
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nick.retiusnick.retius
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5 years ago
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luhhshortiee Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
byehoe
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Thank you, thank you, thank you!
jmendoza
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2 hours ago
Thanks
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