Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
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Category > Management Posted 15 Feb 2018 My Price 7.00

cost of holding cycle inventory

Your firm uses a continuous review (Q) system and operated 52 weeks per year. One of the items has following characteristics:

 

 

Demand = 20,000 units/year

 

Ordering cost = $40/order

 

Holding cost = $2/unit/year

 

Lead Time = 2 weeks

 

Cycle Service Level = 95%

 

 

Demand is normally distributed with a standard deviation of weekly demand of 100 units. Current on-hand inventory is 1040 units with no scheduled receipts or backorders.

 

 

  1. Find the Safety Stock (SS).

 

 

 

  1. Find the annual cost of holding cycle inventory and placing orders.

 

 

  1. A withdrawal of 15 units just occurred. Is it time to reorder? If so, how much should be ordered?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 15 Feb 2018 09:02 PM My Price 7.00

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