A supplier for an electronics store has introduced quantity discounts to encourage larger order quantities of cameras. The price schedule isQuantity purchasedfewer than 525at least 525Suppose the monthly demand at a retail store that buys from this retaller and resells is 175 units. The suppiler charges a feed cost of $180 per shipment. The cameras are expected to sell well for multipleseasons, so multiple replenishment opportunities are possible.If the holding cost is 40%, and the retaller implements periodic review to achieve 15% service level, how much should the retailer order if it has 500 units in stock?Note: Use the 2-table from the lecture notes, and choose the closest answer)Multe ChalceO 250766200Price per unit$80$75O 500

Given data: The monthly demand=175 units Then the annual demand=175×12=2100 units Fixed cost for…

Answered: A suppiler for an electronics store has…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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gainesvile cigar stocks cuban cigars that have variable lead times because of the difficulty in importing the product: lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a) for a 90% of service level, what is the rop?
Currently, a company places orders for diaries to give away as tokens for its customers. Each diary costs the company $137.50. It costs the company $0.65 to place an order for the diaries and $0.87 to carry each diary annually in its inventory. The suppliers wish to offer the company a deal on the cups, by having it pay $85 for each diary, but ONLY if the company orders in sizes of 500 instead of the usual amount. Annual demand for the cups is 8000. Should the company accept the deal?
You are a newsvendor selling the New York Times every morning. Before you get to work, you buy the day’s newspaper for $0.90 a copy. You sell a copy of the New York Times for $4.0. Daily demand is distributed normally with a mean of 130 and a standard deviation of 20. At the end of each morning, any leftover copies can be sold to a recycling center for $0.10. How many copies of the New York
please solve this on a paper i uploaded it before but the answer is wrong
No Spacing Heading 1 Paragraph Styles Ed Item SKU A3378 has a demand that is normally distributed during the lead time, with a mean of 360 units and standard deviation 9999 of 12. If Hinsdale cannot have stockout in more than 10% of the time in any order, how much safety stock should be maintainec and at what reorder point? Calculate Hinsdale's safety stock and reorder point for three other SKUS under the following conditions of demand and lead time: A) SKU F5402: daily demand is normally distributed with a mean of 16, standard deviation of 4, lead time is 4 days, and must operate at a 95% service level Calculate Hinsdale's safety stock and reorder point for three other SKUS under the following conditions of demand and lead time: 1. SKU F5402: daily demand is normally distributed with a mean of 16, standard deviation of 4, lead time is 4 days, and must operate at a 95% service level. hs: On
The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $8.00 a box. The lettuce is sold for $16.00 a box and the dealer that sells old lettuce is willing to pay $1.80 a box. Past history says that tomorrow's demand for lettuce averages 245 boxes with a standard deviation of 38 boxes. How many boxes of lettuce should the supermarket purchase tomorrow? (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not round intermediate calculations. Round your answer to the nearest whole number.) Number of boxes
A health and nutrition store stocks a multivitamin with an annual demand of 1,000 bottles has Co = $26.50 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with ? = 25 and ? = 5. (a) What is the recommended order quantity? (Round your answer to the nearest integer.):________ (b) What are the reorder point and safety stock if the store desires at most a 6% probability of stock-out on any given order cycle? (Round your answers to the nearest integer.) reorder point:________ safety stock:________ (c) If a manager sets the reorder point at 30, what is the probability of a stock-out on any given order cycle? (Round your answer to four decimal places.):________ How many times would you expect a stock-out during the year if this reorder point were used? (Round your answer to the nearest integer.):________
Peter operates an ice cream shop and needs to order milk from a dairy supplier. The average daily milk consumption is 9 gallons, and the standard deviation is 2 gallons. The delivery time is 3 days on average, with a standard deviation = 1 day. Peter can place an order at any time, and he decides the order quantity = 100 gallons. What is the reorder point if he wants to keep the 95% service level?
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand 7,000 10,000 Holding cost (% of item cost) 30 % 30 % Setup or order cost $ 190.00 $ 10.00 Lead time 7 weeks 2 week Safety stock 45 units 9 units Item cost $ 5 $ 6 a. What is the reorder quantity and reorder point for Tegdiws? (Round your answers to the nearest whole number.) b. What is the inventory control system for Widgets? (Round your answer to the nearest whole number.) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer…

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