Question: please only answer 5-8 The Quickie-Mart is a local convenience store located on University Avenue. They sell a special type of drink call the Squished

please only answer 5-8 The Quickie-Mart is a
please only answer 5-8 The Quickie-Mart is a please only answer 5-8
The Quickie-Mart is a local convenience store located on University Avenue. They sell a special type of drink call the Squished in 1-liter bottle. The current demand averages 140 units per week. It cost $40 to hold one unit in inventory for one year. The ordering cost is $150 per order. Assume this company is open 52 weeks & 365 days a year. Use this information to answer the following questions: 1) The Quickie-Mart is currently ordering 500 units per order. What is there current total cost of ordering and holding? 2) What is the EOQ for this product? 3) What would be the total cost of ordering and holding at the EOQ? 4) What is the average inventory level at the EOQ? 5) What is the optimal number of orders per year at the EOQ? Additional Information: Assume that the standard deviation of demand per week for this product is 40 units 6) If the lead-time is 1 week and the service level is 90%, what is the reorder point? DELL F8 699 F10 F12 PrtScr 5) What is the optimal number of orders per year at the EOQ? Additional Information: Assume that the standard deviation of demand per week for this product is 40 units 6) If the lead-time is 1 week and the service level is 90%, what is the reorder point? 7) What is the reorder point if lead-time increases to two weeks? 8) What is the probability of a stock out at a 90% service level? DELL DESC a F9 T YUTO

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