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The annual demand of a manufacturing component used in company JB Carry & Co Inc. is 21,000 units. The cost of the component is $82, and holding costs (which includes storage, insurance, and cost of capital) are 38% of the unit cost. Each time an order is placed, the company expects to incur costs, such as administrative and receiving, of $190. The supplier lead time is 9 days. Calculate the economic order quantity.
Recommendations and conclusions consistent with the body of the essay and the terms and constraints of the issue .
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Observed weekly sales of screwdrivers at city hardware store over 8 weeks period have been 20, 15, 35, 30, 40, 20, 25 and 30. Determine the one step ahead forecast for weeks 4 through 8, assuming that the three week moving averages are used to foreca..
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