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Which is the reorder point

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Reference no: EM132983001

Problem 1: A company has recorded the last six days of daily demand on a single product it sells. Those values are 37, 115, 93, 112, 73, and 110. The time from when an order is placed to when it arrives at the company from its vendor is 3 days. Assuming the basic fixed-order-quantity inventory model fits this situation and no safety stock is needed, which of the following is the reorder point (R)?

Multiple Choice

Option 1: 270
Option 2: 115
Option 3: 60
Option 4: 90
Option 5: 540

Reference no: EM132983001

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