JUST PART TWO PLEASE!
1. Videoworld is a discount store that sells colortelevisions. The monthly demand for color television sets is 100.The cost per order from the manufacturer is $600. The carrying costis $64 per set each year. Assume a year has 360 working days.Determine the following values rounding to the nearest integer(answer them using only numbers without any sign such as the dollarsign, comma, ...):
Q1. The optimal quantity per order:
Q2. The minimum total annual inventory costs:
Q3. The optimal number of orders per year:
Q4. The optimal time between orders (in working days):
2. If the store had an inventory policy that allowsshortages with the shortage cost per set estimated at $80,determine the following values:
Q5. The optimal quantity per order when the store allowsshortages:
Q6. The optimal shortage level when the store allowsshortages:
Q7. The optimal number of orders per year when the store allowsshortages:
Q8. The optimal time between orders (in working days) when thestore allows shortages:
* Recommend calculating all the steps in the questions asaccurately as possible by using computer software (e.g., excel)Then, input your answers as rounded numbers.
JUST PART TWO PLEASE!
