Lead time for one of your fastest-moving products is 20 days. Demand during this period averages 110 units per day. Part 2 a) What would be an appropriate reorder point? _______ units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half?
Lead time for one of your fastest-moving products is 20 days. Demand during this period averages 110 units per day. Part 2 a) What would be an appropriate reorder point? _______ units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
Lead time for one of your fastest-moving products is
20
days. Demand during this period averages
110
units per day.Part 2
a) What would be an appropriate reorder point? _______ units (enter your response as a whole number).
b) How does your answer change if demand during lead time doubles?
c) How does your answer change if demand during lead time drops in half?
Expert Solution
Step 1 - Introduction
Given data is
Lead time (L) = 20 days
Average demand (D) = 110 units per day
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