Business, 04.07.2020 02:01 Solomon4148
Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to establish a reorder point system to manage inventory of this standard muffler.
Annual demand 3,500 mufflers Ordering cost $50 per order
Standard deviation of daily demand 6 mufflers per working day Service probability 90 %
Item cost $30 per muffler Lead time 2 working days
Annual holding cost 25 % of item value Working days 300 per year
Use the above information to determine the best order size and the reorder point. (Round your answers to the nearest whole number.)
Best order size is 216
Best order size mufflers
Reorder point mufflers
Answers: 3
= standard deviation of usage in lead time
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Sarah's Muffler Shop has one standard muffler that fits a large variety of cars. Sarah wishes to est...
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