JUST PART TWO PLEASE! 1. Videoworld is a discount store that sells color televisions. The monthly demand...

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JUST PART TWO PLEASE!

1. Videoworld is a discount store that sells colortelevisions. The monthly demand for color television sets is 100.The cost per order from the manufacturer is $600. The carrying costis $64 per set each year. Assume a year has 360 working days.Determine the following values rounding to the nearest integer(answer them using only numbers without any sign such as the dollarsign, comma, ...):

Q1. The optimal quantity per order:

Q2. The minimum total annual inventory costs:

Q3. The optimal number of orders per year:

Q4. The optimal time between orders (in working days):

2. If the store had an inventory policy that allowsshortages with the shortage cost per set estimated at $80,determine the following values:

Q5. The optimal quantity per order when the store allowsshortages:

Q6. The optimal shortage level when the store allowsshortages:

Q7. The optimal number of orders per year when the store allowsshortages:

Q8. The optimal time between orders (in working days) when thestore allows shortages:

* Recommend calculating all the steps in the questions asaccurately as possible by using computer software (e.g., excel)Then, input your answers as rounded numbers.

JUST PART TWO PLEASE!

Answer & Explanation Solved by verified expert
3.7 Ratings (533 Votes)
2 Q5 The optimal quantity per order when the store allows shortages EOQ with shortages EOQ Sqrt2DCoChCh CsCs where D Annual demand 10012 1200 Co ordering cost per order    See Answer
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