Question music mania sells mp3 players to its customers, Ask an Expert

Management Studies

Question: Music Mania sells MP3 players to its customers. Music Mania orders 300 MP3 players from its supplier when its inventory reaches 80 units. Daily demand for MP3 players is discrete, uniformly distributed between 30 and 60 (both inclusive). The lead time from the supplier also varies for each order and is discrete, uniformly distributed between 1 and 3 days (both inclusive). The cost to hold 1 unit in inventory for one day is $0.50. The cost to place an order is $100. Stockout cost per unit is estimated at $20. Initial inventory is 300 units.

Simulate this inventory policy for a quarter (90 days) and calculate the total quarterly cost. Also calculate the percentage of stockouts for the quarter. Replicate these calculations N times each to calculate the average values for these measures.

View complete question

Strategic Management, Management Studies

Category:- Strategic Management
Reference No.:- M92768389

Have any Question?Write your Review or question?

Related Questions in Strategic Management

Assignment1 identify your clients target market and size it

ASSIGNMENT 1. Identify your client's target market and size it in quantifiable Units (Buyers and/or Dollars) and estimate the expected growth rate for this target segment. o Note that market sizing is as much an art as a ...

Purpose of assignmentthe purpose of this assignment is to

Purpose of Assignment The purpose of this assignment is to help students understand strategic business terminology (vision, mission, goals, objectives, specific objectives, internal and external scanning), to recognize t ...

Assignment competitor analysis and competitive

Assignment: Competitor Analysis and Competitive Strategy Contry: JAPAN for entry in globel market, Company is: TESLA, and local competitotr: Toyota PRIUS and Globel: CHEVY BOLT. Porter's Generic Strategies Sources of Com ...

Question choose an organization according to the

Question: Choose an organization according to the following: • Current employer • Most recent or former employer • Place of business that you have patronized or have been familiar with over a long period of time. - Avoid ...

Learning outcome 1 explain the regulatory framework that

Learning Outcome: 1. Explain the regulatory framework that governs financial reporting in Australia with emphasis on the Conceptual Framework for financial reporting 3. Apply accounting principles and standards when acco ...

Assessment task - planning implementation and evaluation of

Assessment Task - Planning, implementation and evaluation of a non-communicable disease prevention initiative This assignment uses a suburban state primary school as a setting for the prevention of overweight and obesity ...

Public health law and policy assessment task - legal case

PUBLIC HEALTH LAW AND POLICY Assessment Task - Legal case study addressing a public health issue Background - For this assessment task you will write a case study, in a report format, addressing the legislative and regul ...

Assessment - strategic position planpurpose description and

Assessment - Strategic Position Plan Purpose, description and topics covered Purpose: The purpose of this assessment is to enable students to develop a plan for a specific organisation. Description: This assessment requi ...

What is related diversification what is unrelated

What is related diversification? What is unrelated diversification? Provide examples of each and compare and contrast the two types.

Management perspectives assignment -learning outcomes -

Management Perspectives Assignment - Learning Outcomes - Critically analyse the roles, functions that managers perform and discuss the challenges and risks they have to address in today's changing organisations. Discuss ...

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 Strategic Management Expert