What is the time between orders
Problem
Miami Valley Lighting has an Annual Demand of 100,000 bulbs and has an EOQ of 10,000. If they have 250 working days per year, what is the time between orders (in working days).
Expected delivery within 24 Hours
Qualitative forecasts and causal forecasts are not particularly useful as inputs to inventory and scheduling decisions. Why is this statement true?
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Miami Valley Lighting has an Annual Demand of 100,000 bulbs and has an EOQ of 10,000. If they have 250 working days per year, what is the time between orders.
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