A drugstore uses fixed-order cycles for many of the items, Ask an Expert

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A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 14 days, and lead time is 3 days. Average demand for one item is 63 units per day, and the standard deviation of demand is 2 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. Use Table. Cycle On Hand 1 46 2 12 3 104 Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number) Cycle Units 1 2 3.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93132084

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