homework

 homework Composition

ISOM 4770 Supply Chain Management

Specific Homework

Because of 6 Drive, 2014

1 ) In the EOQ model, the moment demand greatly improves, there will be a higher cycle inventory level and for that reason each unit of products on hand will stay in the system a bit longer before it really is sold. Show whether the statement is true or false and justify your answers. (1 point)

installment payments on your Yankee Firm Ltd. is in the business of creating and marketing premium apparel to the Usa. One well-liked item distributed each winter is a man's ski clothing that Yankee sources coming from an Cookware supplier, Red Star. Due to the long development and transport lead-times, Yankee has to order from Reddish Star in the beginning of the providing season. The device price Yankee charges their customers (the retailers) is $300. The device wholesale price charged by Red Celebrity is $140 (including shipment cost). Any kind of jackets leftover at the end from the season may be sold to an outlet chain by $100 per unit. Based upon the quotes of the Revenue Department, demand for the clothing has a usual distribution using a mean of three, 000 and a standard deviation of five-hundred. Please make use of Newsboy style with ongoing demand to reply to the following two independent queries. (a). To be able to determine the optimal order quantity from Red Star, make sure you find the underage cost and the overage cost. Precisely what is the CSL (customer service level)? (1 point)

(b). Suppose Yankee can purchase from a local US distributor Blue Celebrity at one wholesale cost of $180 (including delivery cost) during the selling time. In this case, Yankee will place a first in an attempt to Red Celebrity before the providing season. Through the selling period, if demand is larger than the 1st order volume, Yankee will place a second order to Blue Star to generate up for the shortfall. (Blue Star may respond quickly without leading to any significant delay towards the customers of Yankee. ) If require is less than the first purchase quantity, zero second purchase will be positioned and the left over jackets will be sold to a deduction...


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