Ecotable is a retailer of specialty organic and, Ask an Expert

Management Studies

EcoTable is a retailer of specialty organic and ecologically friendly foods. In one of their Cambridge, Massachusetts, stores, they plan to offer a gift basket of Tanzanian teas for the holidays season. They plan on placing one order and any leftover inventory will be discounted at the end of the season. Expected demand for this store is 3,000 units and standard deviation is 500 units. The service level you have just calculated is (suppose) 0.6725 or 67.25%. What is the Order Quantity? Zero decimal. Note: The Z value can be calculated using Excel function = NORMSINV(service level) Order quantity = Mean Demand + Z*(Standard Deviation)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91640131

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