How many times per year should you order? Use the following information to find out. Lead time: 6 weeks, ordering cost: 100, annual demand: 1196, weekly demand: 23, annual cost to carry one item, stated as a percentage of item cost: 25%, cost per item: 6, safety factor: 1.3, standard deviation of demand during lead time: 50, standard deviation of demand during P + L: 134
How many times per year should you order? Use the following information to find out. Lead time: 6 weeks, ordering cost: 100, annual demand: 1196, weekly demand: 23, annual cost to carry one item, stated as a percentage of item cost: 25%, cost per item: 6, safety factor: 1.3, standard deviation of demand during lead time: 50, standard deviation of demand during P + L: 134
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![How many times per year should you order? Use the following information to find out. Lead time: 6 weeks,
ordering cost: 100, annual demand: 1196, weekly demand: 23, annual cost to carry one item, stated as a percentage
of item cost: 25%, cost per item: 6, safety factor: 1.3, standard deviation of demand during lead time: 50, standard
deviation of demand during P + L: 134](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a811aaa-3243-4dfa-904b-bceaeedb89d1%2Ffa882cf7-3ce2-45db-a353-6e9628501c67%2Fibat8ia_processed.png&w=3840&q=75)
Transcribed Image Text:How many times per year should you order? Use the following information to find out. Lead time: 6 weeks,
ordering cost: 100, annual demand: 1196, weekly demand: 23, annual cost to carry one item, stated as a percentage
of item cost: 25%, cost per item: 6, safety factor: 1.3, standard deviation of demand during lead time: 50, standard
deviation of demand during P + L: 134
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