1g. The firm carries a safety stock of 30 wheels. What is the annual holding costs to carry the safety stock of 30 wheels? 1h. What is the standard deviation of demand during lead time period?
A firm orders on average 400 wheels each month. Demand is
Write your answer and then Round your answer up to the nearest number for future calculation. (e.g 9.6 => 10). Please clearly write down the formulation and calculation for your answers. Note: Here I make the time measures bolded for you to make you pay the attention to their differences. Please notice the difference in times measure units, so that you do not make mistake by doing calculations with different time measures. You need to convert the data to the same time measures before doing any calculation. Another useful tool is to summarize your data in a table, like what I did in the lecture
1g. The firm carries a safety stock of 30 wheels. What is the annual holding costs to carry the safety stock of 30 wheels?
1h. What is the standard deviation of demand during lead time period?
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