Wear A Mask (WAM) uses a continuous review system and operates52 weeks per year. One of the SKUs has the followingcharacteristics.▪ Demand (D) = 20,600 units/year▪ Ordering cost (S) = $55.00/orderHolding cost (H) = $4.4/unit/year▪ Lead time (L) = 3 week(s)Cycle-service level = 90%, z = 1.28H.▪ Demand is normally distributed, with a standard deviation ofweekly demand of 103 units.▪ Current on-hand inventory is 1,040 units, with no scheduledreceipts and no backorders.What is the annual cost of holding the cycle inventory? (Please waitand round at the end of the calculations, enter your responserounded to 2 decimal places.)880

The annual cost of holding the cycle inventory can be calculated using the Economic Order Quantity…

Answered: What is the annual cost of holding the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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

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1) Assume that you are a manager of one of the hotels in the UAE. As you know, UAE has an excellent weather from October to April, so the room occupancy rate is high during this period. However, the occupancy rate becomes low during the period from May to September due to the hot weather and this happens every year. Based on the above information: 1- What is type of demand state that you face in this situation? Explain it? 2- And explain how can you manage this demand state in detail? 2) In this course, you were requested to provide relevant recommendations to intensive growth strategies for a selected hotel of your choice in the UAE, write a report to explain each one of them and show their relevant recommendations as follows: 1- Market penetration strategy (explain and write recommendations) 2- Market development strategy (explain and write recommendations) 3- Product development strategy (explain and write recommendations) 4- Related diversification strategy (explain and write…
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What is the annual cost of holding the cycle inventory? (Please wait and round at the end of the calculations, enter your response rounded to 2 decimal places.)