Statistics (MGMT603)

University of North Alabama

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MGMNT 603 QM EXAM-Kelvin Shoe Stores carries a basic black dress shoe
Exam (elaborations) • 7 pages • 2020

MGMNT 603 QM EXAM Kelvin Shoe Stores carries a basic black dress shoe for men that sells at a rate of 500 each quarter. Their current policy is to order 500 per quarter, with a fixed cost of $30/order. The annual holding cost is 20% of the cost of items held. The following cost structure is applicable: Order Quantity Price/pair 0-125 $37 126-225 35 226-350 33 351 31 For a price of $37, the optimal order quantity is ___________. (4) Redo #1 if they allow backordered items with...