Question: (Questions 17, 18 & 19 ARE CONNECTED.) Retail store Cloud 9 buys sneakers for $40 per pair and sells them for $60 per pair. Because

(Questions 17, 18 & 19 ARE CONNECTED.) Retail

(Questions 17, 18 & 19 ARE CONNECTED.) Retail store Cloud 9 buys sneakers for $40 per pair and sells them for $60 per pair. Because their sneaker supplier is located overseas, Cloud 9 can only place one order for the whole season (i.e., this is a single period inventory problem). If there are any left at the end of the season, they will be sold at a sale price of $30 per pair. Demand is normally distributed with a mean of 500 units and a standard deviation of 100 units for the season. What is the optimal customer service level (CSL)? Cost of underage is $20 and cost of overage is $40, thus CSL is 0.3334. Cost of underage is $60 and cost of overage is $10, thus CSL is 0.2778 Cost of underage is $20 and cost of overage is $30, thus CSL is 0.85. Cost of underage is $20 and cost of overage is $10, thus CSL is 0.6667 (QUESTIONS 17, 18 & 19 ARE CONNECTED.) Retail store Cloud 9 buys sneakers for $40 per pair and sells them for $60 per pair. Because their sneaker supplier is located overseas, Cloud 9 can only place one order for the whole season (i.e., this is a single period inventory problem). If there are any left at the end of the season, they will be sold at a sale price of $30 per pair. Demand is normally distributed with a mean of 500 units and a standard deviation of 100 units for the season. How many pairs of sneakers should be ordered? 0933 0544 660 O 744 (QUESTIONS 17, 18 & 19 ARE CONNECTED.) Retail store Cloud 9 buys sneakers for $40 per pair and sells them for $60 per pair. Because their sneaker supplier is located overseas, Cloud 9 can only place one order for the whole season (i.e., this is a single period inventory problem). If there are any left at the end of the season, they will be sold at a sale price of $30 per pair. Demand is normally distributed with a mean of 500 units and a standard deviation of 100 units for the season. What is the safety stock level? 150 44 0 75 230

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