Business in Action (8th Edition)
Business in Action (8th Edition)
8th Edition
ISBN: 9780134129952
Author: Courtland L. Bovee, John V. Thill
Publisher: PEARSON
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Chapter 13.6, Problem 2IYB
Summary Introduction

To discuss:  Whether person X will prefer for product with the brand logo or without the brand logo or it doesn’t matter.

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Osprey Sports stocks everything that a musky fisherman could want in the Great North Woods. A particular musky lure has been very popular with local fishermen as well as those who buy lures on the Internet from Osprey Sports. The cost to place orders with the supplier is ​$3030​/order; the demand averages 55 lures per​ day, with a standard deviation of 11 ​lure; and the inventory holding cost is ​$1.001.00​/lure/year. The lead time form the supplier is 1010 ​days, with a standard deviation of 33 days. It is important to maintain a 9898 percent​ cycle-service level to properly balance service with inventory holding costs. Osprey Sports is open 350 days a year to allow the owners the opportunity to fish for muskies during the prime season. The owners want to use a continuous review inventory system for this item. Refer to the standard normal table LOADING... for​ z-values. Part 2 a. What order quantity should be​ used? enter your response here lures. ​(Enter your response rounded to the…
9. Research Methodology Fully explain the Quantitative research methodology that and add in the following sub-sections: . Data Collection • Data Analysis
Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 40 units and is valued at $80 per unit. Inbound shipments from vendor 1 will average 340 units with an average lead time (including ordering delays and transit time) of 2 weeks. Inbound shipments from vendor 2 will average 550 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 2-week supply of inventory as safety stock and no anticipation inventory. a. The average aggregate inventory value of the product if Ruby-Star used vendor 1 exclusively is $ (Enter your response as a whole number.)
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