check the the question again i uploeaded new ones
Service level 90% 91% 92% 93% 94% 95% 93% 97% 98 99 99.99% 129134141 1 48156 165 175 138 200 233300 Problem s Points Carla's Clothes seis a large number of white dress shirts. The shirts, which be the store label shipped from a manufacturer in Los Angeles. The shints cost $20 each and sell for $30 each. The cost of processing an order and receiving now goods amounts to $100 and it takes 4 weeks to receive a shipment, Mobly demand is approximately normally distributed with mea 200 and standard deviation 100. Assume a 30 percentual interest rate for computing the holding co. Asume for works in a month for your calculation Hy Cessorla, the proprietor, says, " want to be sure that I never cut of dress shirt. I always try to keep at least two month supply (400 units in stock. That is when my inventory drops below that level. Toodet another two months' supply, I've been ing the method for 15 years, and a wote." w What values of order quantity and venter point is Hy Castorlewing currently to control the investory of white dress shirts! What is the expected service levelsected with this policy @) What is the expected tal cost fixed cost plus holding cost) per year with this policy? (4) Based on a 95 percent service level eriteran, determine the optimal values of order quantity and Franker paint. How much is the ning in the al sol com of the optimal policy compared with the current policy (d) Now suppose the computy makes replenishment orders only at the beginning of every EVEN month. The replenishment load time is still 4 weeks. Asuma 95 percent service level. Please find the detailed optimal inventory control policy Service level 90% z-value 1.29 91% 1.34 92% 1.41 93% 1.48 94% 1.56 95% 96% 97% 98% 99% 99.99% 1.65 1.75 1.88 2.00 2.33 3.00 Problem 3 (28 Points): Cassorla's Clothes sells a large number of white dress shirts. The shirts, which bear the store label, are shipped from a manufacturer in Los Angeles. The shirts cost $20 each and sell for $30 each. The cost of processing an order and receiving new goods amounts to S100, and it takes 4 weeks to receive a shipment. Monthly demand is approximately normally distributed with mean 200 and standard deviation 100. Assume a 20 percent annual interest rate for computing the holding cost. Assume four weeks in a month for your calculations. Hy Cassorla, the proprietor, says, "I want to be sure that I never run out of dress shirts. I always try to keep at least two months' supply (400 units) in stock. That is, when my inventory drops below that level, I order another two months' supply. I've been using that method for 15 years, and it works." (a) What values of order quantity and reorder point is Hy Cassorla using currently to control the inventory of white dress shirts? What is the expected service level associated with this policy? (b) What is the expected total cost (fixed cost plus holding cost) per year with this policy? (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy. (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy. Service level 90% z-value 1.29 91% 92% 93% 1.34 1.41 1.48 94% 95% 96% 1.56 1.65 1.75 97% 98% 99% 1.88 2.00 2.33 99.99% 3.00 Problem 3 (28 Points): Cassorla's Clothes sells a large number of white dress shirts. The shirts, which bear the store label, ar shipped from a manufacturer in Los Angeles. The shirts cost $20 each and sell for $30 each. The cost of processing an order and receiving new goods amounts to $100, and it takes 4 weeks to receive a shipment. Monthly demand is approximately normally distributed with mean 200 and standard deviation 100. Assume a 20 percent annual interest rate for computing the holding cost. Assume four weeks in a month for your calculations. Hy Cassorla, the proprietor, says, I want to be sure that I never run out of dress shirts. I always try to keep at least two months' supply (400 units) in stock. That is, when my inventory drops below that level, I order another two months' supply. I've been using that method for 15 years, and it works." (a) What values of order quantity and reorder point is Hy Cassorla using currently to control the inventory of white dress shirts? What is the expected service level associated with this policy? (b) What is the expected total cost (fixed cost plus holding cost) per year with this policy? (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy. Service level 90% 91% 92% 93% 94% 95% 93% 97% 98 99 99.99% 129134141 1 48156 165 175 138 200 233300 Problem s Points Carla's Clothes seis a large number of white dress shirts. The shirts, which be the store label shipped from a manufacturer in Los Angeles. The shints cost $20 each and sell for $30 each. The cost of processing an order and receiving now goods amounts to $100 and it takes 4 weeks to receive a shipment, Mobly demand is approximately normally distributed with mea 200 and standard deviation 100. Assume a 30 percentual interest rate for computing the holding co. Asume for works in a month for your calculation Hy Cessorla, the proprietor, says, " want to be sure that I never cut of dress shirt. I always try to keep at least two month supply (400 units in stock. That is when my inventory drops below that level. Toodet another two months' supply, I've been ing the method for 15 years, and a wote." w What values of order quantity and venter point is Hy Castorlewing currently to control the investory of white dress shirts! What is the expected service levelsected with this policy @) What is the expected tal cost fixed cost plus holding cost) per year with this policy? (4) Based on a 95 percent service level eriteran, determine the optimal values of order quantity and Franker paint. How much is the ning in the al sol com of the optimal policy compared with the current policy (d) Now suppose the computy makes replenishment orders only at the beginning of every EVEN month. The replenishment load time is still 4 weeks. Asuma 95 percent service level. Please find the detailed optimal inventory control policy Service level 90% z-value 1.29 91% 1.34 92% 1.41 93% 1.48 94% 1.56 95% 96% 97% 98% 99% 99.99% 1.65 1.75 1.88 2.00 2.33 3.00 Problem 3 (28 Points): Cassorla's Clothes sells a large number of white dress shirts. The shirts, which bear the store label, are shipped from a manufacturer in Los Angeles. The shirts cost $20 each and sell for $30 each. The cost of processing an order and receiving new goods amounts to S100, and it takes 4 weeks to receive a shipment. Monthly demand is approximately normally distributed with mean 200 and standard deviation 100. Assume a 20 percent annual interest rate for computing the holding cost. Assume four weeks in a month for your calculations. Hy Cassorla, the proprietor, says, "I want to be sure that I never run out of dress shirts. I always try to keep at least two months' supply (400 units) in stock. That is, when my inventory drops below that level, I order another two months' supply. I've been using that method for 15 years, and it works." (a) What values of order quantity and reorder point is Hy Cassorla using currently to control the inventory of white dress shirts? What is the expected service level associated with this policy? (b) What is the expected total cost (fixed cost plus holding cost) per year with this policy? (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy. (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy. Service level 90% z-value 1.29 91% 92% 93% 1.34 1.41 1.48 94% 95% 96% 1.56 1.65 1.75 97% 98% 99% 1.88 2.00 2.33 99.99% 3.00 Problem 3 (28 Points): Cassorla's Clothes sells a large number of white dress shirts. The shirts, which bear the store label, ar shipped from a manufacturer in Los Angeles. The shirts cost $20 each and sell for $30 each. The cost of processing an order and receiving new goods amounts to $100, and it takes 4 weeks to receive a shipment. Monthly demand is approximately normally distributed with mean 200 and standard deviation 100. Assume a 20 percent annual interest rate for computing the holding cost. Assume four weeks in a month for your calculations. Hy Cassorla, the proprietor, says, I want to be sure that I never run out of dress shirts. I always try to keep at least two months' supply (400 units) in stock. That is, when my inventory drops below that level, I order another two months' supply. I've been using that method for 15 years, and it works." (a) What values of order quantity and reorder point is Hy Cassorla using currently to control the inventory of white dress shirts? What is the expected service level associated with this policy? (b) What is the expected total cost (fixed cost plus holding cost) per year with this policy? (c) Based on a 95 percent service level criterion, determine the optimal values of order quantity and reorder point. How much is the saving in the annual total cost of the optimal policy compared with the current policy (d) Now suppose the company makes replenishment orders only at the beginning of every EVEN month. The replenishment lead time is still 4 weeks. Assume a 95 percent service level. Please find out the detailed optimal inventory control policy
