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Ch. 12.9 CoursHeroTranscribedText: The Greyhound Company is considering changing its current inventory-control system for...

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Accounting

Ch. 12.9

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CoursHeroTranscribedText: The Greyhound Company is considering changing its current inventory-control system for electronic picture frames. The information regarding one e-frame is given below: Average demand = 170 units/week Lead time = 2 weeks Order cost = $70/order Unit cost = $74 Carrying charge rate = 0.055 Desired service level = 90 percent Standard deviation of weekly demand = 34 Number of weeks per year = 52 Use the FPS Safety Stock Excel template in MindTap to compute T and M for a fixed-period inventory system model with and without safety stock. Use the rounded EOQ value in your calculations. Use Appendix A to determine z-value. Round z-value to two decimal places. Do not round intermediate calculations. Round your answer for 7 up to the nearest whole number and round your answer for M to the nearest whole number. T: weeks M: Hint(s) Check My Work O- Icon Key

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