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sunnywwang sunnywwang
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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 reorder point for product Y.
Textbook 
Introduction to Management Science

Introduction to Management Science


Edition: 13th
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anavervalenanavervalen
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