Homework: M3 Assignment 3

Problem 32

Problem 5

Homework: M3 Assignment 3 Save Score: 3.33 of 10 pts 8 of 9 (7 complete) HW Score: 29.17%... % Problem 32 Question Help A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics: > Demand (D) = 2,500 units/year > Demand is normally distributed > Standard deviation of weekly demand = 3 units > Ordering cost = $50/order > Annual holding cost (H) = $5.00/unit > Desired cycle-service level = 85% > Lead time (L) = 4 weeks Refer to the standard normal table for z-values. weeks. (Enter your a. If the company uses a periodic review system, P should be response rounded to the nearest whole number.) T should be 307 units. (Enter your response rounded to the nearest whole number.) b. If the company uses a continuous review system, R should be 155 units. (Enter your response rounded to the nearest whole number.) Homework: M3 Assignment 3 Save Score: 0 of 10 pts 9 of 9 (7 complete) HW Score: 25%, 2... Problem 5 Question Help The Bucks Grande exhibition baseball team plays 50 weeks each year and uses an average of 320 baseballs per week. The team orders baseballs from Coopers-Town Inc., a ball manufacturer noted for six-sigma level consistency and high product quality. The cost to order baseballs is $100 per order and the annual holding cost per ball is 39% of the purchase price. Coopers-Town's price structure is shown in the table below. Order Quantity 1-999 1,000-4,999 5,000 or more Price per Unit $7.60 $7.00 $6.75 a. How many baseballs should the team buy per order? baseballs per order. (Enter your response rounded to the nearest The team should buy whole number.)