please answer within 30 minutes. Comfortable chairs are delivered to XYZ chain of retail stores, called The Queen's Shop, once a year. The reorder point, without safety stock is 200 chairs Thecarrying cost is $30 per unit per year, and the cost of a stockout is $60 per chair per year. Given the following demand probabilities during the lead time, howmuch safety stock should be carried?Demand During Lead TimeProbability1002003004000.20.2020.210020030002400The optimal quantity of safety stock which minimizes the expected total cost is 0• units

Here, given data, The ROP or reorder point without safety stock=200, The carrying cost per unit per…

Comfortable chairs are delivered to XYZ chain of retail stores, called The Queen's Shop, once a year. The reore carrying cost is $30 per unit per year, and the cost of a stockout is $60 per chair per year. Given the following much safety stock should be carried? Demand During Lead Time Probability 02 100 200 300 400 0.2 0.2 0.2 02 100 200 300 400 The optimal quantity of safety stock which minimizes the expected total cost is 0 units

Comfortable chairs are delivered to XYZ chain of retail stores, called The Queen's Shop, once a year. The reore carrying cost is $30 per unit per year, and the cost of a stockout is $60 per chair per year. Given the following much safety stock should be carried? Demand During Lead Time Probability 02 100 200 300 400 0.2 0.2 0.2 02 100 200 300 400 The optimal quantity of safety stock which minimizes the expected total cost is 0 units

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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