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A local service station is open 7 days per week, 365 days per year. Sales of 10W40 grade premium oil average 20 cans per day. Inventory holding cost are S0.5 per can per year Ordering costs are sioben Inventory Ordering costs are $10 per order. Lead time is two weeks. Backorders are not practical the motorist drivers away
(a) Currently it is assumed by the manager that demand is deterministic. Choose the optimal order quantity and reorder point.
(b) The manager becomes concerned because demand really varies. The standard deviation of demand during the lead time was determined from a data sample to be 24 cans. Determine the new reorder point for a service level of 95%.
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Ccompare the effectiveness of different leadership styles in different organizations
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