Demand for an item is 1000 units per year each order placed, Ask an Expert

Management Studies

Demand for an item is 1,000 units per year. Each order placed costs $10, the annual cost to carry items in inventory is $2 each. Suppose the lead time is 6 days. Assume sales occur over 360 days of the year.

In what quantities should the item be ordered based on the EOQ model?

What is the reordering point?

Explain the inventory management policy.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93120783

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