Question: Rechne die Aufgabe 1 . Current situation Consider a distributor of TV sets that orders from a manufacturer and sells to retailers. Suppose the distributor
Rechne die Aufgabe
Current situation
Consider a distributor of TV sets that orders from a manufacturer and sells to retailers. Suppose the distributor of TV sets is trying to set inventory policies at the warehouse for one of the TV models. Assume that whenever the distributor places an order for TV sets, there is a fixed ordering cost of $ which is independent of the order size. The cost of a TV set to the distributor is $ and annual inventory holding cost is about percent of the product cost. Replenishment time ie lead time is about two weeks.
Your task
The table below provides data on the number of TV sets sold to retailers in each of the last months. Given that the distributor would like to ensure percent service level, what is the reorder level and the order quantity that the distributor should use?
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