Question: 1 0 - 2 8 Consider the Music Mania problem described in Problem 1 0 - 2 7 { { { Music Mania sells MP

10-28 Consider the Music Mania problem described in Problem 10-27{{{Music Mania sells MP3 players to its customers. Music Mania orders 300 MP3 players from its sup- plier when its inventory reaches 80 units. Daily demand for MP3 players is discrete, uniformly dis- tributed between 30 and 60(both inclusive). The lead time from the supplier also varies for each or- der and is discrete, uniformly distributed between 1 and 3 days (both inclusive). The cost to hold 1 unit in inventory for one day is $0.50. The cost to place an order is $100. Stockout cost per unit is estimated at $20. Initial inventory is 300 units.
Simulate this inventory policy for a quarter (90 days) and calculate the total quarterly cost. Also calculate the percentage of stockouts for the quar- ter. Replicate these calculations N times each to calculate the average values for these measures.}}}
(a) Music Mania would like to evaluate ordering 250,300,350, and 400 MP3 players when the reorder point of 80 is reached. Based on the av- erage total quarterly cost, which order quantity would you recommend?
(b) Music Mania would like to evaluate reorder points of 60,80, and 100 MP3 players, with an order quantity of 300 players. Based on the av- erage total cost for the quarter, which reorder point would you recommend? EXCEL FORMAT (see template) Mention all formulas used in the yellow, green and blue fields of the excel template
 10-28 Consider the Music Mania problem described in Problem 10-27{{{Music Mania

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