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An electronics retailer carries a particular cellular telephone with the following characteristics: Average monthly sales: 120 units Ordering cost: $25 per order Carrying rate: 0.35 Item cost: $300 Lead time: 4 days Standard deviation of daily demand: 0.2 unit Working days per year: 250 A) Determine the EOQ B) Calculate the reorder point for a 0.92 service level, assuming normally distributed demand. C) If the firm use Q system of inventory control, interpret the results of your computations.
Sagot :
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