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Category > Business & Finance Posted 25 May 2017 My Price 8.00

A company begins a review

A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of SKUs. Following are the characteristics of one item.

Annual Demand (D) = 64 units/week (Assume 52 weeks per year)
Ordering and setup cost (S) = $50/order 
Holding cost (H)= $13/ unit/year 
Lead time (L) = 2 weeks 
Standard deviation of weekly demand (Sigma t) = 12 units 
Cycle-service level = 88 percent

 

a. What is the EOQ for this item?

 

 

b. What is the average demand during lead time (Xbar L)?

 

 

c. What is the desired safety stock (SS)?

 

 

d. What is the reorder point (R)?

 

 

e. What is the ordering cost at the lot size of EOQ?

 

 

f. What is the holding cost at the lot size of EOQ?

 

 

g. What the safety stock cost?

 

What is the total cost?

 

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Status NEW Posted 25 May 2017 05:05 PM My Price 8.00

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