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Business, 19.10.2019 05:30 emmaccanttlon

Annual demand for an item is 11,000 units with the cost per unit at $250. the holding rate is 10% and the order cost is $14.00 per order. the standard deviation of daily demand is 3 units. assume 260 days in the year and a lead-time of 2 days. if a service level of 97% is desired during the reorder interval, what is the reorder point? (note: due to rounding and your exact choice of z, your answer may be a few units off the choices given.)

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Annual demand for an item is 11,000 units with the cost per unit at $250. the holding rate is 10% an...
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