Question

In: Statistics and Probability

Fan Base (FB)

Economic order quantity for retailer. Fan Base (FB) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its Los Angeles Galaxy soccer jerseys product line. This is a highly popular item. Data for 2009 are:

 

Expected annual demand for Galaxy jerseys 10,000 Ordering cost per purchase order $200 Carrying cost per year $7 per jer

Each jersey costs FB $40 and sells for $80. The $7 carrying cost per jersey per year comprises the required return on investment of $4.80 (12% x $40 purchase price) plus $2.20 in relevant insurance, handling, and theft-related costs. The purchasing lead time is 7 days. FB is open 365 days a year

1. Calculate the EOQ.

2. Calculate the number of orders that will be placed each year

3. Calculate the reorderpoint

Solutions

Expert Solution

Economic order quantity for retailer.

Economic order quantity for retailer. Fan Base (FB) operates a megastore featuring sports merchandise. It uses an EOQ decision model to make inventory decisions. It is now considering inventory decisions for its Los Angeles Galaxy soccer jerseys product line. This is a highly popular item. Data for 2009 are: 


Economic order quantity for retailer.

Related Solutions

An independent movie producer with a modest but loyal fan base is short of funds for...
An independent movie producer with a modest but loyal fan base is short of funds for her next movie. Knowing that a bank loan is an unrealistic option, she is considering crowdfunding.   But she is not very familiar with it or how to go about starting and conducting a crowdfunding campaign. Prepare a report for the producer explaining the different approaches to crowdfunding, including the equity funding approach. Alert the producer to any drawbacks that might make people less willing...
discussion minimum 500 words An independent movie producer with a modest but loyal fan base is...
discussion minimum 500 words An independent movie producer with a modest but loyal fan base is short of funds for her next movie. Knowing that a bank loan is an unrealistic option, she is considering crowdfunding.   But she is not very familiar with it or how to go about starting and conducting a crowdfunding campaign. Prepare a report for the producer explaining the different approaches to crowdfunding, including the equity funding approach. Alert the producer to any drawbacks that might...
Python Please (The Fan class) Design a class named Fan to represent a fan. The class...
Python Please (The Fan class) Design a class named Fan to represent a fan. The class contains: ■ Three constants named SLOW, MEDIUM, and FAST with the values 1, 2, and 3 to denote the fan speed. ■ A private int data field named speed that specifies the speed of the fan. ■ A private bool data field named on that specifies whether the fan is on (the default is False). ■ A private float data field named radius that...
A 120VAC fan is to be controlled by an MSP430F2273. Assuming the maximum fan current is...
A 120VAC fan is to be controlled by an MSP430F2273. Assuming the maximum fan current is 2A, provide a solid-state relay interface using a Sharp S108T02. Verify both voltage and current compatibility in the control interface. Add a single push-button interface to the system and a status LED to be lit when the fan is ON. Provide a short program to toggle the fan with the push-button.
Fan behavior is a part of the sport product. • Provide an example of how fan...
Fan behavior is a part of the sport product. • Provide an example of how fan behavior and sport marketing have resulted in a positive outcome (ex. – Green Bay Packers fans and the Cheesehead headgear). • Research an example of an incident when fan behavior became problematic. How did the organization/venue respond to the fan behavior? • How can sport marketing be useful in promoting positive fan behavior? • Provide an example of how technology has been incorporated into...
Gender Fan of “Game of Thrones” Not a Fan of “Game of Thrones” Totals Male 5...
Gender Fan of “Game of Thrones” Not a Fan of “Game of Thrones” Totals Male 5 9 14 Female 8 21 29 Totals 13 30 43 Using the chart above, answer the following: What is the probability a student is male and is a fan of “Game of Thrones”? What is the probability a student is female or is not a fan of “Game of Thrones”? Given that a student is Female, what is the probability that they are a...
. Ten seconds after an electric fan is turned on, the fan rotates at 300 rev/min....
. Ten seconds after an electric fan is turned on, the fan rotates at 300 rev/min. Its average angular acceleration is: a. 3.14 rad/s2 b. 30 rad/s2 c. 30 rev/s2 d. 50 rev/min2
1. For airflow through a fan, the mechanical energy balance with fan work along with conservation...
1. For airflow through a fan, the mechanical energy balance with fan work along with conservation of mass are: -W(dot)fan=sum((m(dot)_exit)*(e_exit)) - sum((m(dot)_inlet)*(e_inlet)) so... 0=sum(m(dot)_exit) - sum(m(dot)_inlet) Using the mechanical energy balance and conservation of mass, show that the theoretical fan power added to the air is flow rate multiplied by the pressure rise: W(dot)fan=?*?*P
Design a class named Fan to represent a fan. The class contains: ■ Three constants named...
Design a class named Fan to represent a fan. The class contains: ■ Three constants named SLOW, MEDIUM, and FAST with the values 1, 2, and 3 to denote the fan speed. ■ A private int data field named speed that specifies the speed of the fan (the default is SLOW). ■ A private boolean data field named on that specifies whether the fan is on (the default is false). ■ A private double data field named radius that specifies...
a) Facebook (ticker: FB) is a listed company on the NASDAQ. Look at the daily share...
a) Facebook (ticker: FB) is a listed company on the NASDAQ. Look at the daily share price of the company for the period 1st January 2018 to 1st July 2018. Identify any major news, events or issues related to the company that impacted the share price by 5% or more on the day of release. You should include a price chart at bare minimum, with annotation, which clearly shows each major news impact on the price. Include at least two...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT