Student number is 2

Q1) An electronic store uses continuous review policy to manage the inventory of its high selling monitor model. The monitor has the following characteristics. The annual demand for the monitor is (3000 * the last digit of your student number) units per week. The monitors are bought from an offshore supplier at a unit price of 8000 AED per unit and each order costs 60000 AED. The holding cost of laptops is 30% of the value of the product. a) Calculate the annual demand using the last digit of your student number. b) What is the economic order quantity? EOQ? c) What would be the average number of orders in a week? d) What would be the average time between orders (in weeks)? e) What would be the average inventory level? Bonus Question: f) The electronic store is considering a local supplier. The ordering cost of the new supplier is 45000 AED however the unit price of the monitor is 10000 AED. Should the electronic store change its supplier? FORMULAE 1 year = 365 days; 1 year = 12 months; 1 month=4 weeks; 1 month=30 days; 1 week=7 days Inventory Formulas 2DS EOQ = Q* -, Total Cost (TC) = 5*D/Q + H*0/2 VH