The demand of a certain part is 1000 parts/year and its cost is 71000/part. The orders are placed based on the economic order quantity (EOQ). The cost of ordering is 100/order and the lead time for receiving the orders is 5 days. If the holding cost is 20/part/year, the inventory level for placing the orders is (round off to the nearest integer) parts. Ans. (14)

The demand of a certain part is 1000 parts/year and its cost is 71000/part. The orders are placed based on the economic order quantity (EOQ). The cost of ordering is 100/order and the lead time for receiving the orders is 5 days. If the holding cost is 20/part/year, the inventory level for placing the orders is (round off to the nearest integer) parts. Ans. (14)

Precision Machining Technology (MindTap Course List)

2nd Edition

ISBN:9781285444543

Author:Peter J. Hoffman, Eric S. Hopewell, Brian Janes

Publisher:Peter J. Hoffman, Eric S. Hopewell, Brian Janes

Chapter2: Measurement, Materials, And Safety

Section2.5: Quality Assurance, Process Planning, And Quality Control

Problem 10RQ: If an X-bar chart graph falls below the LCL or rises above the UCL, a machining process is said to...

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