Consider an economic order quantity case where annual demand D 5 1,000 units, economic order quantity Q 5 200 units, the desired probability of not stocking out P 5 .95, the standard deviation of demand during lead time L 5 25 units, and lead time L 5 15 days. Determine the reorder point. Assume that demand is over a 250-workday year.
Consider an economic order quantity case where annual demand D 5 1,000 units, economic order quantity Q 5 200 units, the desired probability of not stocking out P 5 .95, the standard deviation of demand during lead time L 5 25 units, and lead time L 5 15 days. Determine the reorder point. Assume that demand is over a 250-workday year.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Consider an economic order quantity case where annual demand D 5 1,000 units, economic order quantity Q 5 200 units, the desired probability of not stocking out P 5 .95, the standard deviation of demand during lead time L 5 25 units, and lead time L 5 15 days. Determine the reorder point. Assume that demand is over a 250-workday year. |
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