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In a company, if the totál čôst öf lögistics Was 1.35 on, the response time co was 0.15 million, and the lost sales cost was 0.38 million, then the ratio of invent cost to total logistics cost will equal: 1) Around 72% 2) Around 61% 3) Around 83%

In a company, if the totál čôst öf lögistics Was 1.35 on, the response time co was 0.15 million, and the lost sales cost was 0.38 million, then the ratio of invent cost to total logistics cost will equal: 1) Around 72% 2) Around 61% 3) Around 83%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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In a company, if the total cost of logistics was 1.35 million, the response time cost was 0.15 million, and the lost sales cost was 0.38 million, then the ratio of inventory cost to total logistics cost will equal: 1) Around 72% 2) Around 61% 3) Around 83% 4) Around 95%
Transcribed Image Text:In a company, if the total cost of logistics was 1.35 million, the response time cost was 0.15 million, and the lost sales cost was 0.38 million, then the ratio of inventory cost to total logistics cost will equal: 1) Around 72% 2) Around 61% 3) Around 83% 4) Around 95%
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