Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Discover detailed solutions to your questions from a wide network of experts on our comprehensive Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

You are in charge of reordering gasoline for your company car fleet. You have decided to use a periodic inventory control system, and calculated your economic order quantity (EOQ) to be 4800 gallons. Your company is open 50 weeks per year and you look back at historic demand and find that you have averaged using 160 gallons per day with a standard deviation of demand of 35 gallons per day. The lead time from when you place an order until when it is delivered is 2 weeks. Assume the company operates 7 days per week. What should be the optimal time between orders (P) based on the economic ord

Sagot :

Answer:

The answer is "30 days".

Explanation:

Please find the complete question in the attached file.

per period demand [tex]d=160[/tex]    

per year periods  [tex]o=350[/tex]

Annual demand

Order quantity

Orders per year

The time between orders

Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.