Question: Same problem statement: Weekly demand for the latest TV set at a retailer is normally distributed with a mean of 600 TVs and a standard
Same problem statement: Weekly demand for the latest TV set at a retailer is normally distributed with a mean of 600 TVs and a standard deviation of 150 . Currenty, the store places orders to the supplier with a reorder point of 1,500 Tvs. Replenishment lead time is 2 weeks, fixed order cost per order is $200, each TV the retaller $300, and the inventory holding cost is 25% per yeac. Given the problem parameters, what is the optimal order quantity the retailer should ordec, assuming the store is open 52 weeksiyear (whole number with no decimals)? Same problem statement: Weekly demand for the latest TV set at a retailer is normally distributed with a mean of 600 TVs and a standard deviation of 150 . Currenty, the store places orders to the supplier with a reorder point of 1,500 Tvs. Replenishment lead time is 2 weeks, fixed order cost per order is $200, each TV the retaller $300, and the inventory holding cost is 25% per yeac. Given the problem parameters, what is the optimal order quantity the retailer should ordec, assuming the store is open 52 weeksiyear (whole number with no decimals)
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