Calculate the maximum stock level

Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter7: Linear Regression
Section: Chapter Questions
Problem 7P: The Dow Jones Industrial Average (DJIA) and the Standard Poors 500 (SP 500) indexes are used as...
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Calculate the maximum stock level

The following data relate to stock item PR7:
1,000 units per day
600 units per day
1,300 units per day
7.5 days
5 days
10 days
40,000 units
13,000 units
Average usage
Minimum usage
Maximum usage
Average lead time
Minimum lead time
Maximum lead time
EOQ
Reorder level
Transcribed Image Text:The following data relate to stock item PR7: 1,000 units per day 600 units per day 1,300 units per day 7.5 days 5 days 10 days 40,000 units 13,000 units Average usage Minimum usage Maximum usage Average lead time Minimum lead time Maximum lead time EOQ Reorder level
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