What must the reorder point be to provide service, Operation Management

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What must the reorder point be to provide service

Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?

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Operation Management: What must the reorder point be to provide service

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Operation Management: What must the reorder point be to provide service

Reference No:- TGS091968

Have a Question? (oR Write a Review)

Recent Questions Asked Operation Management

Q : Homogeneous array with 6 rows and 8 columns is stored in row

Q : Compute the ending inventory

Q : Determine the best order size and the reorder point

Q : What is the projects regular payback

Q : What must the reorder point be to provide service

Q : Calculate the equivalent units for materials for the month

Q : Receiving a duplex as a gift from uncle

Q : What should be order size whenever item is ordered

Q : Integrin activation and perform mutagenesis studies

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Request for Solution File

Ask an Expert for Answer!!

Operation Management: What must the reorder point be to provide service

Reference No:- TGS091968

Recent Questions Asked Operation Management

Q : Homogeneous array with 6 rows and 8 columns is stored in row

Q : Compute the ending inventory

Q : Determine the best order size and the reorder point

Q : What is the projects regular payback

Q : What must the reorder point be to provide service

Q : Calculate the equivalent units for materials for the month

Q : Receiving a duplex as a gift from uncle

Q : What should be order size whenever item is ordered

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