Question: Please show everything step by step and need it 100% correct. Question 29. Consider a distributor of TV sets that orders from a manufacturer and

Please show everything step by step and need it 100% correct.

Please show everything step by step and need it

Question 29. Consider a distributor of TV sets that orders from a manufacturer and sells to retailers. Suppose the distributor of the TV sets is trying to set inventory policies at the warehouse for one of the TV set models. Assume that whenever the distributor places an order for TV sets, there is a fixed ordering cost of $4673 which is independent of order size. The cost of a TV set to the distributor is $15 and annual inventory holding cost is 15% of the product cost. Lead time is 2.5 weeks. Historical data of the past 12 months' sales is given Month Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sales 179 147 202 The distributor wants to ensure 89% service level. Calculate the order quantity, reorder level and the average inventory kept by the distributor. 117 140 175 141 140 169 99 180 205

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Answer 16-1 (steps 2,3,5), 16-2, 16-3, 16-4, and evaluation In this mini-case you will audit and evaluate documents such as bank confirmations and bank reconciliations in the audit of one of...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

(1) The Quality of Financial Information Referencing this week?s readings and lecture, describe the quality issues related to reporting revenue. What is the importance of understanding various...

BA 1605: Midterm Recap (Due: Feb. 27, 2015) Name _____________________________ 50 Student ID _____________________________ Section 01B 10:00~11:20 am Section 02B 01:00~02:20 pm [Questions 4 ~ 7] The...

Question 1 Precious Moments is a manufacturer of collectible ceramic figurines.Its variable cost to produce one figurine is $12.It then sells these figurines to a distributor for $25 each.The...

Small Business Management Directions: Read the case study Vizio: Disrupting Another Market in Chapter 4 on page 124 of the textbook. Answer the following questions: What challenges does Vizio face as...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

I've attached the question as a word file as well as the class text to help with the assignment. Thanks! c05MerchandisingOperationsandtheMultiple-StepIncomeStatement.qxd 8/14/10 2:14 PM Page 226...

implicit derivative (x? + y?)? = 2 x y? { (x^2 + y^2 ^2 = 2 x^2 y^2 a) Differentiate implicitly to find dy/dx. b) Solve for the location of all horizontal tangent lines. c) Solve for the location of...

Exploring Vero Beachs Financial Report Refer to the financial statements of the City of Vero Beach in Chapter 3 and in Table 9-1. 1. What kinds of business-type activities does Vero Beach engage in?...

Suppose that Head-First Company now sells both bicycle helmets and motorcycle helmets. The bicycle helmets are priced at $75 and have variable costs of $45 each. The motorcycle helmets are priced at...

What is an example of constructive feedback? provide reference