Question

If annual demand for product is 13000 units weekly demand is 250 units with standard deviation of 40 units . The cost of placing order is Rs 100 and time from ordering to receipt is four weeks. The annual inventory carring cost is Rs 0.65 per unit. To provide 98% service probability. What must be reorder point ( safety factor=2.05)

Answer 1

Answer:

is Rs 100 and time from ordering to receipt is four

Explanation:

is Rs 100 and time from ordering to receipt is four