Question: Weekly demand for a television is normally distributed with mean 5 5 and standard deviation 1 9 . The lead time from the plant to
Weekly demand for a television is normally distributed with mean and standard deviation The lead time from the plant to your store is weeks and you order inventory replenishments weekly. You use the orderupto model to control inventory.
Suppose the orderupto level is S
You are preparing to place an order and note that your inventory level is and you have televisions on order. How many televisions will you order? Provide your answer as an integer.
The following week, your inventory level is and you have televisions on order. How many televisions will you order? Provide your answer as an integer.
What orderupto level would you choose if you want to achieve a instock probability? Provide your answer to two decimal places.
Suppose the orderupto level is S
What is your expected onhand inventory? Provide your answer to two decimal places.
What is your expected onorder inventory? Provide your answer as an integer.
Suppose SnowBirds wants to maximize expected profits from the sale of the snowboard.
What is the critical ratio Snowbirds would want to meet? report your answer to decimal places
How many snowboards should they order from the manufacturer? report your answer as an integer
Suppose SnowBirds orders snowboards.
What are the expected lost sales? report your answer to decimal places
What are the expected sales? report your answer to decimal places
What is the expected leftover inventory? report your answer to decimal places
What is the expected profit? report your answer to decimal places
Suppose SnowBirds orders snowboards.
What are the expected lost sales? report your answer to decimal places
What are the expected sales? report your answer to decimal places
How many of these snowboards can SnowBirds expect to sell at the discount price. report your answer to decimal places
How many snowboards should they order if they want to minimize their inventory while ensuring that the stockout probability is no greater than report your answer as an integer
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