Determine demand probabilities during the reorder period, Operation Management

Determine demand probabilities during the reorder period

Assignment:

1. A product is delivered to Monica's company once a year. The ROP, without safety stock, is 300 units. Carrying cost is $25 per unit per year, and the cost of a stockout is $80 per unit per year. Given the following demand probabilities during the reorder period, how much safety stock should be carried?

2258_Demand Probabilities Recorder Period.jpg

2. Barb's company has compiled the following data on a small set of products:

1167_Small set of products.jpg

Perform an ABC analysis on her data.

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Operation Management: Determine demand probabilities during the reorder period

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Operation Management: Determine demand probabilities during the reorder period

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