The annual demand for a product of XYZ company is 12.000. The cost of ordering this product is CU25 and the holding cost is CU0.5/(piece year). The company in question wishes to follow the "Pending Order" stock policy and the holding cost is CU5/(piece year). The lead time for this product is 2 days and it is worked for 300 days a year. In this case, calculate the economic order quantity, the highest pending order quantity and the highest stock level

The annual demand for a product of XYZ company is 12.000. The cost of ordering this product is CU25 and the holding cost is CU0.5/(piece year). The company in question wishes to follow the "Pending Order" stock policy and the holding cost is CU5/(piece year). The lead time for this product is 2 days and it is worked for 300 days a year. In this case, calculate the economic order quantity, the highest pending order quantity and the highest stock level

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.4: Simulation With Built-in Excel Tools

Problem 13P

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