3. (Ch9) A store has collected the following information on one of its products:Demand = 4,500 units/yearStandard deviation of weekly demand = 12 unitsOrdering costs = $40/orderHolding costs = $3/unit/yearCycle-service level = 90% (z for 90% = 1.28)Lead-time = 2 weeksNumber of weeks per year = 52 weeksa. If a firm uses the continuous review system to control the inventory, what would be the order quantityand reorder point?b. The firm decided to change to the periodic review system to control the item's inventory. For the mostrecent review, an inventory clerk checked the inventory of this item and found 300 units. There were noscheduled receipts or backorders at the time. How many units should be ordered? (HINT: Use the EOQmodel to derive P, the time between reviews.)

Given, Annual demand D = 4500 units Number of weeks per year = 52 weeks Daily demand d = 4500/52…

Answered: 3. (Ch9) A store has collected the…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter1: An Overview Of Strategic Marketing

Section1.2: Dollar Shave Club: The Company For Men

Problem 2C

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