What is the cycle time
Demand for a popular athletic shoe is nearly constant at 800 pairs per week for a regional division of a national retailer. The cost per pair is $54. It costs $72 to place an order, and annual holding costs are charged at 22% of the cost per unit. The lead time is two weeks.
T = 710.1/800 = 0.8876 weeks or 0.8876(7) = 6.2 days
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