Calculating a Reorder Point Directions: Solve the following two problems Problem 1: 800 units Maximum daily requirement Time required to receive emergency supplies Average daily requirement Minimum daily requirement Time required for refresh supplies 4 days 700 units 600 units One month (30 days) Calculate reordering point: 24000 units

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Explain, how to get that 24000 units..
Hi, can someone explain how do i get the 24000
units answer?
Calculating a Reorder Point
Directions: Solve the following two problems
Problem 1:
800 units
Maximum daily requirement
Time required to receive emergency supplies
4 days
Average daily requirement
Minimum daily requirement
Time
700 units
600 units
One month (30
days)
for refresh supplies
Calculate reordering point: 24000 units
Transcribed Image Text:Hi, can someone explain how do i get the 24000 units answer? Calculating a Reorder Point Directions: Solve the following two problems Problem 1: 800 units Maximum daily requirement Time required to receive emergency supplies 4 days Average daily requirement Minimum daily requirement Time 700 units 600 units One month (30 days) for refresh supplies Calculate reordering point: 24000 units
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