## [answered] 1. Reliant Auto estimates the annual demand for its newest

Hello, you just helped me with a management case study, there is one more question I need help on. The work and formula necessary to provide the answer is need alsoThe question number is #6

1. Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is \$55,000, the inventory carrying cost per car per year is \$5,000 and the order

lead?time is 1 month. Reliant keeps 500 units of safety stock.

What is the Economic Order Quantity?

1149 Units

2.Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is \$55,000, the inventory carrying cost per car per year is \$5,000 and the order

lead?time is 1 month. Reliant keeps 500 units of safety stock.

Approximately what is the order frequency?

Select one:

d. 1 week

3.Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is \$55,000, the inventory carrying cost per car per year is \$5,000 and the order

lead?time is 1 month. Reliant keeps 500 units of safety stock.

What is the Demand During Lead Time in units?

4932 Units

4.)Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is \$55,000, the inventory carrying cost per car per year is \$5,000 and the order

lead?time is 1 month. Reliant keeps 500 units of safety stock.

What is the Maximum Inventory Level Reliant should have, assuming orders arrive on time and inventory is depleted as predicted?

6080 Units

5.) Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is \$55,000, the inventory carrying cost per car per year is \$5,000 and the order

lead?time is 1 month. Reliant keeps 500 units of safety stock.

What is the Minimum Inventory Level should have, assuming orders arrive on time and inventory is depleted as predicted?

5432 Units

6.) A jewelry store determines that the average demand for a diamond necklace it keeps in stock is 4 per period and the average demand during lead time is 3 per period. What is the standard deviation of demand during replenishment of the necklace if the standard deviations of demand per period and lead time are 1.2 and 1.5 respectively?

Select one:

a. 5.5

b. 3.14

c. 6.34

d. 2.41

e. 7.85

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