Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SunCar distributes parts for American cars in Belgium. Batteries are a commonly requested item. The lead time to obtain car batteries is two months and

SunCar distributes parts for American cars in Belgium. Batteries are a commonly requested item. The lead time to obtain car batteries is two months and the average demand is 100 per month. Lead time demand is normally distributed with a standard deviation of 10 units. Order cost is $75 and holding cost is $10 per year per battery. (Use this information to answer the following four questions). The EOQ for batteries is closest to
Group of answer choices
38
223
1500
134
Flag question: Question 2
Question 21 pts
(1 point) The number of orders per year is closest to
Group of answer choices
30
67
5
9
Flag question: Question 3
Question 31 pts
(1 point) The safety stock necessary to maintain a 95% service level is closest to
Group of answer choices
19
33
23
10
Flag question: Question 4
Question 41 pts
(1 point) The reorder point including safety stock is closest to
Group of answer choices
100
123
223
73
Flag question: Question 5
Question 51 pts
(1 point) The total inventory cost including safety stock is closest to
Group of answer choices
$1570
$ 178
$1340
$ 900

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

Business Statistics

Authors: Robert A Donnelly, Robert Donnelly Jr

2nd Edition

0133852288, 9780133852288

More Books

Students also viewed these General Management questions