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Given a product that costs $4.38 per unit and has an average lead time of 12 days, standard deviation of lead time of 3 days, average demand of 36.1 units/day, standard deviation of demand of 25.9 units/day, stockout cost of $0.25 per unit, ordering cost of $30/order, inventory holding cost of 20% of item cost and needs to be in-stock 90% during lead time, calculate the following (you can leave all of these as decimals.)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92550493

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