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takemeaway takemeaway
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7 years ago
Your firm uses a continuous review system (Q system), in which the inventory position is updated after every transaction. The firm operates 52 weeks per year. One of the items has the following characteristics:

   Demand = 14,560 units per year
   Ordering cost = $40 per order
   Holding cost = $6 per unit per year
   Lead-time = 2 weeks
   Standard deviation in weekly demand = 100 units
   Cycle-service level = 80%

If Q is made equal to the EOQ, what are the desired values for Q and R?
A) Q is between 439 and 443, and R is between 678 and 682.
B) Q is between 439 and 443, and R is between 559 and 563.
C) Q is between 65 and 69, and R is between 362 and 366.
D) Q is between 65 and 69, and R is between 398 and 402.
Textbook 
Operations Management: Processes and Supply Chains

Operations Management: Processes and Supply Chains


Edition: 11th
Authors:
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DreaminDreamin
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7 years ago
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takemeaway Author
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#2
7 years ago
Another one bites the dust!

Thanks for you help
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#3
7 years ago
If you need anymore business related help, let us know
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