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Consider the following for a purchased item. Time between reviews= 3 months lead time= 2 months unit cost= $590/unit cost of capital= 20% demand= 2773 units/year with standard deviation= 84 units/year desired cycle service level is 99.9% ordering cost is insignificant A. What is the associated order policy? B. It is now the end of a review cycle. You are expecting a previously ordered shipment of 520 units to arrive within a week and you physically have 493 units on hand. Considering the policy you developed in part A now, how many, if any at all, should you now order?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91644091

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