Question Details

[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

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 18, 2020

PRICE: $15

Solution~0001001392.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now