Please help with this question. Topic is P & Q systems in operations?
Merrill Corporation has:
Continuous Review System (Q System)
5 days per week
52 weeks a year
Demand (D) = 20,020 units/year
Ordering Costs (S) = $40/order
Holding Costs = $1/unit/six months
Leadtime (L) = 10 days
Cycle Service Level = 94.95%
Demand is normally distributed
Standard Deviation of weekly demand = 100 units
Current on-hand inventory is 1040 units
no scheduled receipts
1. EOQ for this item is? 2. The average time, P (in weeks), between orders is: (round to the nearest week)? 3. The safety stock for the Q system is? 4. The safety stock for the P system is? 5. The reorder point, R, in the Q system is (in units)? 6. Annual Holding Costs equal (in Dollars)? 7. Annual Costs for placing orders is (in Dollars)? 8. Assuming that a withdrawal of 15 units just occurred, will you place an order? 9. Assume that we are now operating a P system. Then, the target level, T, is (in units)? 10. The difference between the safety stock for the P system and the Q system is (in units):
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