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Please fill in the blanks choosing from the following for each blank. 1st blank? highest, lowest 2nd Blank? Input amount 3rd Blank? should, should not
Please fill in the blanks choosing from the following for each blank. 1st blank? highest, lowest 2nd Blank? Input amount 3rd Blank? should, should not 4th Blank? decrease, increase 5th Blank? Input amount 6th Blank? decrease, increase, remain the same The blanks are in order as your read the paragraph with the first blank in the paragraph being the first one and so on and so forth. Please provide the actual figures for the 2nd and 5th blanks?
Requirements 1. Use the EOQ model to determine the optimal number of pairs of shoes per order. 2. Assume each month consists of approximately 4 weeks. If it takes 1 week to receive an order, at what point should warehouse OR2 reorder shoes? 3. Although OR2's average weekly demand is 3,000 pairs of shoes (144,000/12 months / 4 weeks), demand each week may vary with the following probability distribution Total demand for 1 week 2,100 pairs 2,650 pairs 3,000 pairs 3,290 pairs 3,530 pairs 0.30 If a store wants shoes and OR2 has none in stock, OR2 can "rush" them to the store at an additional cost of Probability (sums to 1.00) 0.03 0.34 0.30 0.03 $3 per pair. How much safety stock should Warehouse OR2 hold? How will this affect the reorder point and reorder quantity? Print DoneStep by Step Solution
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