A restaurant orders ribeye steaks for its inventory. Last year, ribeye steaks are delivered once a week, with an EOQ of 5,200. This year, the storage cost of ribeye steaks in inventory goes down by 4.6% due to increased energy consumption for refrigeration. What is the optimal economic order quantity for replenishing the inventory of ribeye steaks this year? Assume that the fixed ordering cost and demand rate for ribeye steaks stay the same throughout the two years, and there are 52 weeks in a year. Round your answer to the nearest integer if needed. 4,651 4.160 5.324 5.814 4,856
Kong Kong Express Airline has started selling the air tickets for the flight 209 from Hong Kong to Roma on June 30. There are 250 economy class seats on board. The airline sells some economy class seats at a discount price of HK$4,400 in advance and reserve a number of seats to sell at the full price of HK$10,000. Suppose that Kong Kong Express Airline can always sell all discount tickets, and the demand for full price tickets is normally distributed with a mean of 100 and a standard deviation of 25. What is the optimal protection level for the airline? Choose the closest option 125 100 104 96 75
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!