Regional Supermarket is open 355 days per year. Daily use of cash register tape averages 20 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $.75, and carrying costs are 41 cents per roll a year. Lead time is 4 days. Use Table1 and Table2. a. What is the EOQ? (Round your answer to the nearest whole number.) EOQ 118 b. What ROP will provide a lead time service level of 51.6 percent? (Round up your answer to the nearest whole number.) ROP 61
Regional Supermarket is open 355 days per year. Daily use of cash register tape averages 20 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $.75, and carrying costs are 41 cents per roll a year. Lead time is 4 days. Use Table1 and Table2. a. What is the EOQ? (Round your answer to the nearest whole number.) EOQ 118 b. What ROP will provide a lead time service level of 51.6 percent? (Round up your answer to the nearest whole number.) ROP 61
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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