1 the manager of electronic instruments retail inc just, Ask an Expert

Management Studies

1. The manager of Electronic Instruments Retail Inc. just received the forecast for the next year. The company expects to sell around 55000 keyboards, the annual carrying cost is $7 per unit and ordering cost is $300. How many keyboards should she order to decrease inventory and order costs? ?

2. Schrute Farms sells a blend of beet and carrot juices. The demand for the blend is approximately normal with a mean of 300 liters a week and a standard deviation of 15 liters a week. Shortage cost=$1.5/liter and Overage cost=$0.5/liter. Find the optimal stocking level for the beet-carrot blend.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93112631

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