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

I need help with a 6 question management case study. I also need to work and formulas required to get the answers. Thank you.

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?

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:

a. 3 days

b. 1 month

c. 10 days

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?

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?

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?

6.) 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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