Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 111 a) Maxis buy and sell about 5,000 IPbone and 10,000 GalaxyNote per week. Cost for each GalaxyNote shipment from South Korea to Malaysia

image text in transcribed
Question 111 a) Maxis buy and sell about 5,000 IPbone and 10,000 GalaxyNote per week. Cost for each GalaxyNote shipment from South Korea to Malaysia is $5,000 and it takes exactly 5 days. [in the other hand, [Phone shipment from lICbina to Malaysia cost only $4,000 and it takes exactly 3.5 days. Note that number of smartphone for each shipment is unlimited. Due to the fast pace of smartphone technology, storage cost for 10 units of Iphone per year is $4,000. Whereas for GalaxyNote, the storage cost for 20 units per year is $k. Assumes that Maxis operates 24 hours per day, 6 days per week, 4 weeks per month and 10 months per year. (i) Use the Economic Order Quantity approach to determine the optimal order quantity of GalaxyNote for Maxis. [5 marks} {ii} Using the optimal order quantity, determine the number of time Maxis need to order for GalaxyNote within a month (3 marks) (iii) Using the optimal order quantity, determine the time between order for GalaxyNote in days (4 marks} (iv) Draw a diagram to indicate the relationship between part (i],[ii) and {iii} [5 marks) b) Define Delivery windoW? Provide an example to support your definition. (E marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International economics

Authors: Robert J. Carbaugh

13th Edition

978-1439038949, 1439038945, 978-8131518823

More Books

Students also viewed these Economics questions