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Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system of inventory management, and the following information is available for green apples: Average usage 800 per day Minimum usage 540 per day Maximum usage 1260 per day Lead time for replenishment 16-20 day Reorder quantity 19,500 apples   Required: Calculate the reorder level   ii Calculate the maximum level of inventory   iii Calculate the minimum (buffer) inventory level

Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system of inventory management, and the following information is available for green apples: Average usage 800 per day Minimum usage 540 per day Maximum usage 1260 per day Lead time for replenishment 16-20 day Reorder quantity 19,500 apples   Required: Calculate the reorder level   ii Calculate the maximum level of inventory   iii Calculate the minimum (buffer) inventory level

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system of inventory management, and the following information is available for green apples:

Average usage 800 per day

Minimum usage 540 per day

Maximum usage 1260 per day

Lead time for replenishment 16-20 day

Reorder quantity 19,500 apples

 

Required:

  1. Calculate the reorder level

 

ii Calculate the maximum level of inventory

 

iii Calculate the minimum (buffer) inventory level 

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