Crew soccer shoes company is considering a change of their, Ask an Expert

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Crew Soccer Shoes Company is considering a change of their current inventory control system for soccer shoes. The information regarding the shoes is given below. The company decides to use a fixed order quantity system. [15 points] Average demand = 250 pairs/week Lead time = 3 weeks Order cost = $75/order Unit cost = $21.50 Carrying charge rate = 0.20 Desired service level = 95% Standard deviation of weekly demand = 40 Number of weeks per year = 52

a. What is the economic order quantity?

b. What should be the reorder point be to have a 95% service level?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92590599

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