Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
Computer Science Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
Chapter8: Sequences, Series,and Probability
Section8.2: Arithmetic Sequences And Partial Sums
Problem 9ECP: A company sells $160,000 worth of printing paper during its first year. The sales manager has set a...
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Computer Science
Flag A company stocks an item that is consumed at the rate of 60 units per day. It costs the company $25 each time an order is placed. An inventory unit held in stock for a week will cost $.36. (a) Determine the optimum inventory policy, assuming a lead time of 2 weeks. (b) Determine the optimum number of orders per year (based on 365 days per year).
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