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10 Points Single period inventory system A.)Select a product that fits the description of a single period inventory model product. Name the product ....
10 Points Single period inventory system
A.)Select a product that fits the description of a single period inventory model product. Name the product .
B.) Estimate the unit Sale price and unit Cost of the product. Estimate a Disposal cost and a Salvage cost for each unsold product per unit; added together these two items must be >$0.
C.) Makeup a Demand estimate for at least twenty sales periods, i.e. demand for the product for twenty separate periods.
D.) Using Excel functions, find the mean and standard deviation of the Demand estimates in 3)d.
E.) Calculate the optimal single period order quantity based on items 3)b through 3)e.
******Please show work/ formulas so I can also learn the material!, thank you!*****
