Production Management

Production Management

Suppose we have an EOQ inventory system as follows:

[1] Order quantity = 600 units/order
[2] Daily demand = 40 units/day[3] Order lead time = 5 days.

Suppose at the beginning of day 1, there are 600 units ininventory and there is no outstanding order.
In order to avoid shortage, a new replenishment order must
be placed at the end of what day? Why?

 

I need answer now.

"You need a similar assignment done from scratch? Our qualified writers will help you with a guaranteed AI-free & plagiarism-free A+ quality paper, Confidentiality, Timely delivery & Livechat/phone Support.


Discount Code: CIPD30


Click ORDER NOW..

order custom paper