Question: How to solve using excel. Please imclude formulas and steps 1 0 - 2 5 . Mattress Heaven orders a certain brand of mattress from
How to solve using excel. Please imclude formulas and steps
Mattress Heaven orders a certain brand of mattress from its supplier and sells the mattresses at its retail location. The store currently orders mattresses whenever the inventory level drops to The cost to hold one mattress in inventory for one day is $ The cost to place an order with the supplier is $ and stockout costs are $ per mattress. Beginning inventory is mattresses. The daily demand probabilities are shown in the following table:
tableDaily Demand,Probability
Lead time follows a discrete uniform distribution between and days both inclusive Simulate this inventory policy for a quarter days and calculate the total quarterly cost. Also calculate the percentage of stockouts for the quarter. Replicate these calculations times each to calculate the average values for these measures.
Consider the Mattress Heaven problem described in Problem
a Mattress Heaven would like to evaluate ordering and mattresses when the reorder point of is reached. Based on the average total quarterly cost, which order quantity would you recommend?
b Mattress Heaven would like to evaluate reorder points of and mattresses, with an order quantity of mattresses. Based on the average total quarterly cost, which reorder point would you recommend?
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