Chapter 13 Assignment 8 10 To ensure a full line of outdoor clothing and accessories, the marketing department at Toddy Bower insists that also sell waterproof hunting boots. Unfortunately Teddy flower does not have expertise in manufacturing these kinds of boots. Hence, Teddy Bower contacted several Taiwanese suppliers to request quotes. Due to competition, Teddy Bower knows that it cannot sell these boots for more than $90. However, 500 per boot was the best quote from the suppliers. In addition, Teddy Bower anticipates excess inventory will need to be sold off at a 20 percent discount as me end of the serion Given the $90 price, Teddy Bower's demand forecast is to 375 boots, with a standard deviation of 220, Use Tab 13.4 If a part of the question specifies whether to use Table 13.4, of to use Excel, then credit for a correct answe will depend on using the specified method If Teddy Bower decides to include these boots in assortment, how many boots should Teddy Bower order from the supplier Use Table 13.4 Suppose Teddy Bower ondern 350 boots. What is Teddy Bower's expected profit? b. Use Table 13.4 (Round your answer to 2 decimal places) The marketing department insists that its in-stock probability be at least 8 percent 6. Glven this mandato, how many boots does it need to order? Use Table 134 John Broos, a buyer in the procurement department, overheard at lunch a discussion of the boot problem. He suggested that Teddy Bower ask for a quantity discount from the supplier. After following up on his suggestion, the suppl d. responded that Teddy Bower could got a 10 percent discount it were willing to order at least 800 boots Compared to the optimal quantity in Parta, how many boots should Teddy Bower order given this new offer the objective is to maximize expected profit? Chapter 13 Assignment 8 10 To ensure a full line of outdoor clothing and accessories, the marketing department at Toddy Bower insists that also sell waterproof hunting boots. Unfortunately Teddy flower does not have expertise in manufacturing these kinds of boots. Hence, Teddy Bower contacted several Taiwanese suppliers to request quotes. Due to competition, Teddy Bower knows that it cannot sell these boots for more than $90. However, 500 per boot was the best quote from the suppliers. In addition, Teddy Bower anticipates excess inventory will need to be sold off at a 20 percent discount as me end of the serion Given the $90 price, Teddy Bower's demand forecast is to 375 boots, with a standard deviation of 220, Use Tab 13.4 If a part of the question specifies whether to use Table 13.4, of to use Excel, then credit for a correct answe will depend on using the specified method If Teddy Bower decides to include these boots in assortment, how many boots should Teddy Bower order from the supplier Use Table 13.4 Suppose Teddy Bower ondern 350 boots. What is Teddy Bower's expected profit? b. Use Table 13.4 (Round your answer to 2 decimal places) The marketing department insists that its in-stock probability be at least 8 percent 6. Glven this mandato, how many boots does it need to order? Use Table 134 John Broos, a buyer in the procurement department, overheard at lunch a discussion of the boot problem. He suggested that Teddy Bower ask for a quantity discount from the supplier. After following up on his suggestion, the suppl d. responded that Teddy Bower could got a 10 percent discount it were willing to order at least 800 boots Compared to the optimal quantity in Parta, how many boots should Teddy Bower order given this new offer the objective is to maximize expected profit