A demand for widgets is 52k widgets per year ordering cost, Ask an Expert

Management Studies

A) Demand for widgets is 52K widgets per year, ordering cost is 40 per order. Unit cost is 5, carrying charge 20% per year, Demand is 1000 per week, LT 2 weeks, Standard deviation of demand 200/week, Calculate a fixed quantity reorder point system with a 95% service cycle level and explain how it works.

B) Current order quantity is 3000 units. How much savings versus the old way?

C) Using the same data, calculate a fixed period system with a 90% service cycle level and how it works.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91410968

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