The Dell Factory Outlet has the following daily demand distribution for laptop computer carrying cases. Simulate 5
Question:
The Dell Factory Outlet has the following daily demand distribution for laptop computer carrying cases.
Simulate 5 days of retail sales using the following inventory policy. If the ending inventory of cases is 0 or 1, order enough units such that the starting inventory on the next day will be 5 cases. Ordered units arrive the next morning and are stocked before the store opens for business. If a stock- out occurs, the sale is lost. The cost structure is as follows:
Storage cost = $0.10/ unit / day
Shortage cost = . $ 0 10 5/ unit
Order cost = $ 3 /order
Fill in the following simulation table using the random numbers provided.
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Starting Day Inventor 1 2 3 Demand 0 1 2 3 4 4 5 y 4 ...View the full answer
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ISBN: 978-0077841201
8th edition
Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi
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