Question: B C D E Fixed Period Inventory System with Uncertain Demand + Average Annual Demand Ordering Cost Unit Cost Carrying Charge Rate Lead time (weeks)

B C D E Fixed Period Inventory System with Uncertain Demand + Average Annual Demand Ordering Cost Unit Cost Carrying Charge Rate Lead time (weeks) Weeks in a year Standard deviation of weekly demand Service level 14,000 $45.00 $3.60 0.25 2 52 73.00 0.99 Formulas 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 #N/A #N/A #N/A #N/A Economic Order Quantity (to whole number) Order cost Inventory cost Total cost Review period (weeks, rounded up) Optimal replenishment level without safety stock Standard deviation of demand during T+L z value Safety stock M-Lovel #N/A #N/A #N/A #N/A #NIA #N/A Questions 1. What is the minimum-cost economic order quantity? Round your answer to the nearest whole number. reams 2. What is the annual ordering cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. $ 3. What is the annual inventowy holding cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. 4. What is the total annual cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent. $ 5. Assuming that there are 52 weeks in a year what is the review period? Round up your answer to the nearest whole number, weeks 6. What is the optimal replenishment level without safety stock? Round your answer to the nearest whole number. reams 7. What is the standard deviation of demand over the period T + L? Use the previously rounded review period value in your calculations. Round your answer to two decimal places. reams 8. What is the safety stock with a 99 percent service level? Use the previously rounded review period value in your calculations. Round jour answer to the nearest whole number. reams 9. What is the optimal replenishment level with safety stock? Round your answer to the nearest whole number. reams

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

C Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 15,500.00 Ordering Cost $44.00 Unit Cost $4.00 Carrying Charge Rate 0.20 Lead time (weeks) 2.00 Weeks in a year 52...

Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 16,500.00 Ordering Cost $47.00 Unit Cost $3.70 Carrying Charge Rate 0.20 Lead time (weeks) 2.00 Weeks in a year 52...

Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 13,000.00 Ordering Cost $50.00 Unit Cost $3.60 CarryingChargeRateLeadtime(weeks)0.152.00...

Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 14,000.00 Ordering Cost $44.00 Unit Cost $3.60 Carrying Charge Rate 0.25 Lead time (weeks) 2.00 Weeks in a year 52...

Let us consider a buyer for a department store who is ordering fashion swimwear about 6 months before the summer season. The store plans to hold an August clearance sale to sell any surplus goods by...

Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 14,000.00 Ordering Cost $44.00 Unit Cost $3.60 Carrying Charge Rate 0.25 Lead time (weeks) 2.00 Weeks in a year 52...

*PLEASE TYPE YOUR ANSWER (NO SCREENSHOTS OR IMAGES) IN FULL & DETAIL WORKING SOLUTIONS, NO POINT FORM. THANK YOU IN ADVANCE 1. High Tech, Inc. is a virtual store that stocks a variety of drones in...

CENGAGE |MINDTAP Q Search this course Excel template - Saved v Search (Option + Q) Chapter 12 Excel Activity: FQS Safety Stock X File Home Insert Draw Page Layout Formulas Data Review View Help...

resource: https://www.consensus-technology.com/internet-strategy.html Provide explanation to the following bullet points using the pictures below which has the numbers. LOOK at company ( (F )only....

Selected transactions during November between Sallis Company and Byce Company are listed in Problem 6-6B. Instructions Journalize the entries to record the transactions for (1) Sallis Company (2)...

8. (15 points). Consider the national-income model of the economy below, where I is total investment, lo is autonomous investment, i is the interest rate, and To is tax revenue. All other variables...

A business raised the price of Product A from $ 1 0 to $ 1 2 and that of Product B from $ 1 1 to $ 1 3 . True or False that, based on Prospect Theory, customers will be more annoyed about the...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...