Course Solutions Uncategorized Ssitstee Days Using Procedure Many Boxes Paper Would Ordered Day Salesperson Calls 60 Boxe Q34244413

Ssitstee Days Using Procedure Many Boxes Paper Would Ordered Day Salesperson Calls 60 Boxe Q34244413

SsiTstee days Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on-hand? 29. A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries. The following data refer to a specific refrigera- tor in its product line. Cost to place an order Holding cost Cost of refrigerator Annual demand Standard deviation of demand during lead time 10 units Lead time $100/order 20 percent of product cost per year $500/unit 500 units 7 days Consider an even daily demand and a 365-day year. a. What is the economic order quantity? b. If the distributor wants a 97 percent service probability, what reorder point, R, sho. be used?

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