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
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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...
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