Question: please help You are serving as an inventory consultant for the Volume II Bookstore, and they are interested in an inventory policy for a popular

please help

please help You are serving as an inventory consultant for the Volume

You are serving as an inventory consultant for the Volume II Bookstore, and they are interested in an inventory policy for a popular type of Hokie mechanical pencil. Weekly demand for the Hokie Mechanical pencil is normally distributed with a mean of 18 and a standard deviation of 4. The store purchases the pencils for $8.50 and sells them for $11.75. The store accountant estimates an order cost of $35 per order and a 28% annual interest rate for inventory holding costs. The supplier provides the pencils in a 3 week lead time. The accountant estimates a penalty cost of $6.00 per pencil when they are not available, but they are having difficulty estimating the stockout costs. Assume 52 weeks per year. Assume that you evaluate a proposed Type I service level of 92%. Find the optimal order quantity (Q), reorder point (R), safety stock (s), and imputed shortage cost (p). Order Quantity (Q) - round to nearest integer - Reorder Point (R) - round up to next integer - Safety stock (s) - round up to next integer Imputed shortage cost (p) - omit dollar sign please - You are serving as an inventory consultant for the Volume II Bookstore, and they are interested in an inventory policy for a popular type of Hokie mechanical pencil. Weekly demand for the Hokie Mechanical pencil is normally distributed with a mean of 18 and a standard deviation of 4. The store purchases the pencils for $8.50 and sells them for $11.75. The store accountant estimates an order cost of $35 per order and a 28% annual interest rate for inventory holding costs. The supplier provides the pencils in a 3 week lead time. The accountant estimates a penalty cost of $6.00 per pencil when they are not available, but they are having difficulty estimating the stockout costs. Assume 52 weeks per year. Assume that you evaluate a proposed Type I service level of 92%. Find the optimal order quantity (Q), reorder point (R), safety stock (s), and imputed shortage cost (p). Order Quantity (Q) - round to nearest integer - Reorder Point (R) - round up to next integer - Safety stock (s) - round up to next integer Imputed shortage cost (p) - omit dollar sign please

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