Stroheim’s is a dry goods store located in downtown Milwaukee, Wisconsin. Stroheim’s placesorders weekly with their suppliers for all of their reorders. The lead time for men’s briefs is4 days. Stroheim’s uses a 95 percent service level. Assuming a Type 1 service, what is the orderup to level for the briefs? Assume demands for briefs are uncertain with daily mean demandof 20 and daily standard deviation of 12

Gentle Ben's Bar and Restaurant uses 7,200 quart bottles of an imported wine each year. The effervescent wine costs $9 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $25 each time an order is placed, and holding costs are 40 percent of the purchase price. It takes six weeks for an order to arrive. Weekly demand is 144 bottles (closed two weeks per year) with a standard deviation of 40 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 99 percent service probability.   a. What is the economic quantity for Ben to order? b. At what inventory level should he place an order?

Mr. Beautiful, an organization that sells weight training sets, has an ordering cost of $40 for the BB-1 set (BB-1 stands for Body Beautiful Number 1). The carrying cost for BB-1 is $5 per set per year. To meet demand, Mr. Beautiful orders large quantities of BB-1 7 times a year. The stockout cost for BB-1 is estimated to be $50 per set. Over the past several years, Mr. Beautiful has observed the following demand during the lead time for BB-1: Demand During Lead Time 40 50 60 70 80 90 The reorder point for BB-1 is 60 sets. What level of safety stock should be maintained for BB-1? The optimal quantity of safety stock which minimizes expected total cost is Probability 0.1 0.2 0.2 0.2 0.2 0.1 sets (enter your response as a whole number).

Saché, Incorporated, expects to sell 2,030 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 1,450 suits and a safety stock of 290 suits. Once an order is placed, it takes three days for Saché to get the suits in.    How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)   Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order?   multiple choice Monday Tuesday Wednesday Thursday Friday Saturday Sunday

Southern Markets, Inc. is considering the use of ABCanalysis to focus on the most critical SKUs in its inventory.Currently, there are approximately 20,000 different SKUswith a total dollar usage of $10,000,000 per year.a. What would you expect to be the number of SKUs and thetotal annual dollar usage for A items, B items, and C itemsat Southern Markets, Inc.? b. The following table provides a random sample of the unitvalues and annual demands of eight SKUs. Categorizethese SKUs as A, B, and C items.

Define each of the following terms: c. Economic Ordering Quantity (EOQ); EOQ model; EOQ range

Please do not give solution in image format thanku Prince​ Electronics, a manufacturer of consumer electronic​ goods, has five distribution centers in different regions of the country. For one of its​ products, a highspeed modem priced at $360 per​ unit, the average weekly demand at each distribution center is 85 units. Average shipment size to each distribution center is 450 ​units, and average lead time for delivery is 2 weeks. Each distribution center carries 2 ​weeks' supply as safety stock but holds no anticipation inventory. Part 2 a. On​ average, how many dollars of pipeline inventory will be in transit to each distribution​ center? ​$enter your response here. ​(Enter your response as an​ integer.)

13.37. Kelly's Tavern serves Shamrock draft beer to its customers. The daily demand for beer is normally distributed, with an average of 20 gallons and a standard deviation of 4 gallons. The lead time required to receive an order of beer from the local distributor is 12 days. Determine

Palin’s Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review system to manage inventory of this standard muffler. Use the information in the following table to determine the optimal inventory target level (or order-up-to level).                   Annual demand   2,750 mufflers Ordering cost $ 35 per order Standard deviation of daily demand   6 mufflers per working day Service probability   76 % Item cost $ 28.00 per muffler Lead time   4 working days Annual holding cost   22 % of item value Working days   275 per year Review period   21 working days             a. What is the optimal target level (order-up-to level)?      If the service probability requirement is 93 percent, the optimal target level will: Increase Decrease Stay the same

Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 58,800 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory Total costs units units a-4. What is the total cost of ordering and carrying inventory for second year? LA