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Given DATA:

Annual Demand for 2007: 28900

Holding Cost:0.15

Unit cost: $20

Fixed Shipping cost per order: $300

Coefficient of Variation: 0.1

Lead time: 2 weeks

CSL:0.9

Find values for followings;

Optimal Lot Size?

Cycle Inventory?

Average Weekly demand for 2007?

Standard deviation in weekly demand?

Safety inventory level for a continuous replenishment policy?

Reorder point?

Fill rate?

Average inventory?

Average flow time?

Show the equations and every work process step by step.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92285087

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