Question: help with homework questions. A mail-order house uses 15,890 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are

help with homework questions.

A mail-order house uses 15,890 boxes a year. Carrying costs are 60 cents per box a year, and ordering costs are $96. The following price schedule applies. Number of Boxes Price per Box 1, 000 to 1,999 $1. 25 2, 000 to 4,999 1. 20 5,000 to 9,999 1. 15 10, 000 or more 1. 10 Click here for the Excel Data File a. Determine the optimal order quantity. (Round your answer to the nearest whole number.) Optimal order quantity boxes b. Determine the number of orders per year. (Round your answer to 2 decimal places.) Number of order per yearGiven this information: Expected demand during lead time = 325 units Standard deviation of lead time demand = 36 units Use w. Determine each of the following, assuming that lead time demand is distributed normally: a. The ROP that will provide a risk of stockout of'i percent during lead time. {Round your answer to the nearest whole number.) units b. The safety stock needed to attain a 1 percent risk of stockout during lead time. {Do not round intem'lediate calculations. Round your answer to the nearest whole number.) units A manager is going to purchase new processing equipment and must decide on the number ofspare parts to order with the new equipment. The spares cost $139 each. and any\":I unused spares will have an expected salvage value of $59 each. The probability of usage can be described by this distribution: Number B 1 2 3 Probability .15 .69 .29 .85 Click here for the Excel Data File If a part fails and a spare is not available, 2 days will be needed to obtain a replacement and install it. The cost for idle equipment is $740 per day. What quantity of spares should be ordered? a. Use the ratio method. {Round the SL answer to 2 decimal places and the number of spares to the nearest whole number.) b. Use the tabular method and determine the expected cost for the number of spares recommended. {Do not round intermedicate calculations. Round your nal answer to 2 decimals.) _:| Offwego Airlines has a daily flight from Chicago to Las Vegas. On average, 19 ticket holders cancel their reservations, so the company intentionally overbooks the flight. Cancellations can be described by a normal distribution with a mean of 19 passengers and a standard deviation of 4.90 passengers. Profit per passenger is $89. If a passenger arrives but cannot board due to overbooking, the company policy is to provide a cash payment of $189. Use Table B. How many tickets should be overbooked to maximize expected profit? (Round your z value to 2 decimal places. Round your other intermediate calculations to 4 decimal places and final answer to the nearest whole number.) Overbooked : tickets

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