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Management Studies

Question: A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 100 units per day, with a standard deviation of 12 units Average lead time = 12 days with a standard deviation of 2 days 250 days per year Unit cost = $25

Desired service level = 95%

Ordering cost = $50

Inventory carrying cost = 20%

The basic question: How many fishing rods should the distribution center carry to provide the desired service level? There are, of course, many other specific questions, such as EOQ? Average cycle stock?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92757996

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