Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768
Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768
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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Hi , May i know what does SP stand for ? Here is the link of the solution. https://www.bartleby.com/questions-and-answers/company-b-is-a-retailer-of-mobile-phones-in-australia-that-works-250-days-in-a-year.-the-manager-is-/cfeb4612-21ae-4207-b90b-dfe293b7d768
Transcribed Image Text:i. Ordering point:
Ordering point- lead time demand + safety stock
lead time demand = lead time x average daily sales
j. The profit from this inventory plan:
Profit = Total SP - Total CP
= 29 x $ 1349 - 29 x $ 1214
= $39121 - $35206
=
$ 3915
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