Question an electronics retailer carries a particular, Ask an Expert

Management Studies

Question: An electronics retailer carries a particular cellular telephone with the following characteristics: Average monthly sales = 120 units

Ordering cost = $25 per order

Carrying cost = 35 percent per year

Item cost = $300 per unit

Lead time = 4 days

Standard deviation of daily demand = .2 unit

Working days per year = 250

a. Determine the EOQ.

b. Calculate the reorder point for a 92 percent service level, assuming normally distributed demand.

c. Design a Q system for this item.

d. What happens to the reorder point when the lead time changes? What happens to the reorder point when the standard deviation of demand changes?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92750483

Have any Question?Write your Review or question?

Related Questions in Operation Management

Select a book on management or leadership that is of

Select a book on management or leadership that is of interest to you. This can be a book about an individual, a company, or a specific leadership topic. Write a five (5) page paper summarizing the key message of the book ...

1 explain why companies seem to be fascinated by digital

1. Explain why companies seem to be fascinated by digital and social media. What are some of the factors that might support this thinking? What are some that might lead to considering it misdirected? 2. Discuss how new t ...

Managing fixed and variable costs for organizationmicrosoft

Managing Fixed and Variable Costs for Organization Microsoft and Walmart Purpose of Assignment In this week, students are learning about managing different types of economic costs. Organizations typically have either hig ...

Discuss the implications of the following statement

Discuss the implications of the following statement: “…We came to believe that quality of care in facilities credentialed by the Joint Commission International (JCI) in foreign countries, and in India in particular, is a ...

1 employers are encouraged to create a culture of inclusion

1. Employers are encouraged to create a culture of inclusion regarding religion. What does this mean? What should be done? 2. Conduct a internet research on the positive effects of work on people's health and well-being. ...

1 below are three broad statements describing the functions

1. Below are three broad statements describing the functions of management. For each statement, are we referring to upper-level management, project management, or functional management? a. Acquire the best possible asset ...

Answer the following question 1 in the unit iii lesson we

Answer the following Question : 1. In the Unit III Lesson, we explored Article I, Section 8, Clause 8 of the United States Constitution. The creators of intellectual property have some protection. Explain what you view a ...

Organizational design and structurein this discussion you

Organizational Design and Structure In this Discussion, you will compare and contrast different organizational structures, identifying their key elements. The textbook reviews common and newer organizational designs. Giv ...

Regulations and accountability strategic prioritiesyou

Regulations and Accountability / Strategic Priorities You have just been appointed the Director of Planning for Community Hospital, a 250-bed acute care facility. The Chief Executive Officer has asked you to analyze the ...

1 the current equipment allows your production line to

1. The current equipment allows your production line to assemble 1760 widgets per day with a takt time of 4.00 minutes. A vendor is proposing their new equipment which would allow you to assemble 2120 widgets per day. Wh ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert