Question: Value 1 Value 2 Value 3 Value 4 Value 5 0 3 Joe's Camera shop has a favorite model. The cost to place an order

Value 1 Value 2 Value 3 Value 4 Value 5 0 3 Joe's Camera shop has a favorite model. The cost to place an order to replenish inventory is $20 per order, and annual inventory holding cost is $6 per unit. To meet demand, the owner orders large quantities of the product 5 times a year. Joe's Camera shop decided to use reorder point of 50. The shortage cost for the product is estimated to be $10 per unit. Answer the following questions on the impact of this Ordering Quantity (ROP=50) decision.

Joe's Camera shop has a favorite model. The cost to place an order to replenisi quantities of the product 5 times a year. Joe's Camera shop decided to use reorder impact of this Ordering Quantity (ROP=50) decision. Demand During Lead Probability Time Value 1 40 0.2 Value 2 50 0.3 Value 3 60 0.2 Value 4 70 0.2 Value 5 80 0.1 What is the number of orders? 3 1 4 5

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