Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Mar 2018 My Price 7.00

inventory situation

Consider the inventory situation with the following features:

• Single item

• Constant demand rate

• Instantaneous replenishment

• No shortage allowed

 

Notations to be used:

Co = the cost of placing one order, i.e. the set-up cost;

Ch = the holding cost per item per unit time;

Y = the order quantity; and

D = demand rate for an item

a. Draw at least 4 cycles of the inventory variations against time, indicating the maximum inventory level and the cycle time.

b. Decide the expression for the total inventory cost.

c. Determine “how much to order” every time an order is placed.

d. Determine “when to order” in terms of inventory position R, assuming the lead time is L.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Mar 2018 07:03 PM My Price 7.00

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