Weekly demand of laptop computers in bve store is, Ask an Expert

Management Studies

Weekly demand of laptop computers in BVE store is independent and normally distributed with a mean of 1,000 and a standard deviation of 300. There are 52 weeks in a year. The inventory holding cost is $130 per laptop per year. The fixed ordering cost is $2,000. The replenishment lead time is 4 weeks. If laptops are out of stock, the store offers $100 discount per laptop to keep the customer.

a. What is the economic order quantity (EOQ)?

b. What is the optimal cycle service level (CSL)?

c. BVE aim to achieve a CSL of 97.8% [F^-1(.978, 0, 1) = 2]. What is BVE’s safety inventory?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92277186

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