Stats Solutions

(Solution Library) The EastCoasters Bicycle Shop stocks bikes; helmets clothing; a variety of bike parts including chains, gears tires, wheels; and biking

Question: The EastCoasters Bicycle Shop stocks bikes; helmets clothing; a variety of bike parts including chains, gears tires, wheels; and biking accessories. The shop is in a storefront location on a busy street and it has very limited space for inventory. It often runs out of items and is unable to serve customers. To help manage its inventory the shop would like to classify the stock using the ABC system. Following is a list of items the shop stocks and the annual demand and the unit value for each:

Item No. Unit Cost Annual Usage
1 $8 10
2 $16 18
3 $30 36
4 $1,230 9
5 $760 4
6 $810 3
7 $420 19
8 $35 56
9 $17 105
10 $350 27
11 $36 19
12 $115 12
13 $2,300 7
14 $245 10
15 $665 6
16 $28 18
17 $23 110
18 $18 74
19 $610 8
20 $935 10
21 $270 7
22 $1,400 5
23 $900 5
24 $67 46
25 $160 32
26 $45 101
27 $12 83
28 $16 54
29 $42 14
30 $705 9
31 $37 7
32 $26 16

Price: $2.99
Solution: The downloadable solution consists of 5 pages
Deliverable: Word Document


∴ Other downloads you may be interested in ∴

log in to your account

Forgot password?
Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in