Question: Please use values provided, thumbs up 2. Happy Henry's car dealer sells an imported car called the EX123. Once every three months, a shipment of

Please use values provided, thumbs up
Please use values provided, thumbs up 2. Happy Henry's car dealer sells

2. Happy Henry's car dealer sells an imported car called the EX123. Once every three months, a shipment of the cars is made to Happy Henry's. From experience, it appears that the demand for the EX123 over a three-month interval is normally distributed with a mean of 60 and a variance of 36 . The cost of holding an EX123 for one year is $500. Assuming that excess demands are back-ordered from one three-month period to the next. Assume a loss-of-goodwill cost of $100 for customers having to wait until the next three-month period and a cost of $50 per customer for bookkeeping expenses. What is the best strategy for the car dealer to determine the size of the shipment every three months? Assume that the car dealer always aims at minimize the cost of the current 3-month period. Values: (0.114)=0.5454;(0.114)=0.4545;(0.736)=0.2308;(0.736)=0.7692 2. Happy Henry's car dealer sells an imported car called the EX123. Once every three months, a shipment of the cars is made to Happy Henry's. From experience, it appears that the demand for the EX123 over a three-month interval is normally distributed with a mean of 60 and a variance of 36 . The cost of holding an EX123 for one year is $500. Assuming that excess demands are back-ordered from one three-month period to the next. Assume a loss-of-goodwill cost of $100 for customers having to wait until the next three-month period and a cost of $50 per customer for bookkeeping expenses. What is the best strategy for the car dealer to determine the size of the shipment every three months? Assume that the car dealer always aims at minimize the cost of the current 3-month period. Values: (0.114)=0.5454;(0.114)=0.4545;(0.736)=0.2308;(0.736)=0.7692

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