For an inventory item suppose the demand is 1200month lead, Ask an Expert

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For an inventory item, suppose the demand is 1200/month, lead time is 0.52 weeks, and safety stock is 5. The item cost is $16, the unit ordering cost is $40/order, and the unit carrying cost is $0.80/item/quarter.

Find the optimal inventory policy that minimizes total cost for a continuous and periodic review system.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92028118

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