Omar Haaris receives 5000 tripods annually from Top-Grade Supplier

Omar Haaris receives 5000 tripods annually from Top-Grade Supplier

Question # 00104209 Posted By: echo7 Updated on: 09/17/2015 01:53 PM Due on: 10/17/2015
Subject Business Topic General Business Tutorials:
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***2 Questions. Please explain answer and show work, please put on separate tabs in microsoft excel. will give 5 star rating***


Question 1

Omar Haaris receives 5000 tripods annually from Top-Grade Supplier to meet his annual demand. Omar runs a large photographic outlet, and the tripods are used primarily with 35mm cameras. The ordering cost is $15 per order, and the carrying cost is $0.50 per unit per year. Weekly demand is 100 tripods.


A) What is the optimal order quantity?


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QUESTION 2

Based on available information, lead time demand for CD-ROM drives averages 250 units (normally distributed), with a standard deviation of 25 drives. Management wants a 98% service level.


A) How many drives should be carried as safety stock?

B) What is the appropriate reorder point?

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  1. echo7
    Tutorial # 00098576 Posted By: echo7 Posted on: 09/17/2015 01:53 PM
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    quantity?---------------------------------------------------------------QUESTION 2Based on available ...
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