Business, 30.07.2019 02:20 kad3n

Acompany operates 365 days a year and its annual demand for a product is 18,250 units. the company estimates that the standard deviation for daily demand is 15 units. the cost to place an order is $31.20 and the time from ordering to receipt is 36 days. the annual inventory carrying cost is $0.10 per unit. determine the optimal ordering quantity per order and find the reorder point necessary to provide a 98 percent service probability(z=2.06)

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Acompany operates 365 days a year and its annual demand for a product is 18,250 units. the company e...

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