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?
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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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