Determine the order quantity and the reorder point, Operation Management

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Determine the order quantity and the reorder point

We are given the following information for a product: Order cost = $50 Annual demand = N(960, 3072.49) annual holding cost = $6/item/year shortage cost = $80 per unit lead time = one month sales price = $40 per unit product cost = $30 per unit Determine the order quantity and the reorder point under the assumption that all demands are backordered.

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Operation Management: Determine the order quantity and the reorder point

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Operation Management: Determine the order quantity and the reorder point

Reference No:- TGS090595

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Recent Questions Asked Operation Management

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: Determine the order quantity and the reorder point

Reference No:- TGS090595

Recent Questions Asked Operation Management

Q : Find three-sigma upper and lower control chart limits

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Q : Prepare journal entry to record transaction on abc''s book

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