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Problem 10-03 (Algorithmic) The reorder point r = dm is defined as the lead-time demand for an...

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Advance Math

Problem 10-03 (Algorithmic)

The reorder point r = dm is defined as thelead-time demand for an item. In cases of long lead times, thelead-time demand and thus the reorder point may exceed the economicorder quantity Q*. In such cases, the inventory positionwill not equal the inventory on hand when an order is placed, andthe reorder point may be expressed in terms of either the inventoryposition or the inventory on hand. Consider the economic orderquantity model with D = 5,000, Co =$31, Ch = $3, and 250 working days peryear.

Identify the reorder point in terms of the inventory positionand in terms of the inventory on hand for each of the followinglead times:

When required, round your answers to the nearest wholenumber.

a.5 days
b.15 days
c.27 days   
d.46 days   

Lead Time		Inventory position
reorder point		On hand
reorder point
a.5 days
b.15 days
c.27 days
d.46 days

Answer & Explanation Solved by verified expert
3.6 Ratings (642 Votes)
Problem 1003 AlgorithmicThe reorder point r dm is defined asthe leadtime demand for an item In cases of long lead times theleadtime demand    See Answer
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