A2_solution
.pdf
keyboard_arrow_up
School
University of Pennsylvania *
*We aren’t endorsed by this school
Course
615
Subject
Business
Date
Apr 3, 2024
Type
Pages
5
Uploaded by MegaKnowledgeCrocodile30
University of Pennsylvania
The Wharton School Department of Operations and Information Management OIDD 615: Spring 2023 Assignment 2 - SOLUTIONS Professor Cachon Instructions: •
You may collaborate only with another student currently taking OIDD615. •
You may use materials only from this quarter’s version of OIDD615. •
You may ask the instructor and TA questions. Please post to the Canvas discussion board for this assignment. •
You may use a computer to assist you in your calculations. Excel files that assist with Newsvendor and Order-up-to model calculations are provided on Canvas and may be used with this assignment. •
Each question is worth 1 point, unless indicated otherwise. •
No partial credit is given on 1-point questions. •
Submit your assignment solutions via Canvas. Q1. A company pays $25 per square foot of retail space. Their annual COGS is $120M, average inventory is $18M and they occupy 0.6M square feet of space. What is their annual holding cost percentage (%) due to retail space? 83.3
Average inventory = $18M Cost of retail space = 0.6*25 $M = $15M Holding cost percentage (18%) = 15/18 = 83.3%
Q2-5. Cabelas is a large retailer of outdoor recreational merchandise. Their store in Hamburg PA reviews inventory daily and has a lead time of 4 days. Q2. On average they sell one unit every 15 days of the Swarovski ATS-80 20-60x80mm scope ($2,995). What mean would best describe the Poisson distribution to represent daily demand (scopes)? Q3. Daily demand for the Celestron 10x32 binoculars ($159) is on average 0.5 units. If they want to ensure a 0.991 in-stock probability, what base stock level should they choose (binoculars)? Q4. Demand for the Yeti Tundra 45 Cooler ($299) is strong, with 1.75 units per days. If they operate with a base stock level of 14, on-average how many units do they have on-hand (coolers)? 0.0667 Daily demand = 1/15 = 0.0667 units/day 7 Lead time, l = 4 days Mean demand = 0.5 units/day Mean demand over l+1 period = 0.5*(4+1) = 2.5 In-stock probability = 0.991 Base stock level, S = 7 (from the Poisson distribution table for µ = 2.5) 5.32 Lead time, l = 4 days Mean demand = 1.75 units/day Mean demand over l+1 period = 1.75*(4+1) = 8.75 Expected end of period inventory = 5.32 (from Poisson distribution inventory table for µ = 8.75)
Q5. The Old Town Sportsman PDL 106 Pedal Sit-On-Top Kayak ($1999.99) demand is 0.04 units per day. If they target a 98% in-stock probability, what is their average on-order inventory (kayaks)? Q6-8. A considerable amount of P&G’s Tide laundry detergent moves through a Walmart distribution center (DC): 150 pallets per day with a standard deviation of 65. The DC orders from P&G daily and orders arrive one day later. Q6. If they want to minimize inventory while keeping their stockout probability no greater than 0.5%, then what should be their order upto level (pallets)? Q7. If they operate with a 450 base stock level, then what would be their average order quantity (pallets)? 0.16 On-order Inventory = L * D = 4 * 0.04 = 0.16. Note, the on-order inventory does not depend on the in-stock probability. 537 Lead time = 1 day Single period: µ = 150 and σ = 65 Demand over l+1 days: µ = 150*(1+1) = 300 and σ = 65*sqrt(1+1) = 91.9 Stock-out probability = 0.5% In-stock probability = 1-0.5% = 99.5% z =2.58 Q = 300 + 2.58*91.9 = 537 150 Order quantity = previous period’s demand = 150. When the order upto model is implemented the average order quantity is always equal to mean demand over one period because the previous period’s demand is what is ordered.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
To: Muna Tarek(Lead Technical Staff) and Zinedine Abubakar(Purchasing DIR)
From: Duha Sami(Exec Dir of Bus Operations?Main)
Subject: Urgent Need for a new Reporting Mechanism For Maintenance Request
Date: 10/25/22
CC: Zayna Izz Ud-Din (Exec Dir Of Finance and Planning)
Muna and Zinedine,Hope the weekend went well for the both of you! I’m just reaching out today as I think we have an urgentoperational need I’m uncertain how to fulfill and could you use your advice on?Over the last several weeks we have gotten some particularly scathing email and web feedback as well assome online reviews about maintenance requests not being submitted correctly or completed for ourstudent apartment buildings near campus. Some of these have been excerpted or screen captured andshared online via social media and gone viral within our local population. My office has already hadabout two dozen calls from parents and students threatening either legal action or withholding of their rentpayments until this…
arrow_forward
How to communicate requirement for a project
arrow_forward
Requirement: I need a detailed analysis about the pros and cons of doing this business and calculations too
Sky anticipates that each new skateboard will require $10 in materials (after initial purchase) and require two hours of her time. For custom designs, she is budgeting an extra 30 minutes for communicating with her customer. For the time being, Sky will continue selling out of her parents' garage as it keep costs low. She is planning on relying on word-of-mouth marketing and perhaps some newsletters too. Sky's friend, Libby, says she can design and print unique newsletters on a monthly basis for $300 per month. Sky plans to distribute the newsletters herself to save money. Sky likes the idea of advertising more, but is wondering if she should only do the newsletters every other month. She is projecting 200 skateboard sales, of which 25% are custom-design. By advertising each month, there will be a 10% boost to these numbers.
arrow_forward
I need the number of rolls sold on the open market in 12 foot rolls. From the image
arrow_forward
Subject :- Accouting
arrow_forward
Discussion Question: Discuss the requirements for strategic management of IS/IT. What are some challenges to implementing these requirements?
arrow_forward
Topic: Managment Information system
Please read and answer the different parts
operational management in Marketing department please answer accordingly
Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers…
arrow_forward
Review Submission History: HW 1
Assignment Instructions A
Give an example for "Protective Mechanisms" that help and encourage employees to discuss any ethical dilemmas and
report unethical behaviour without fear.
arrow_forward
nity College | Pima x
B Module 12 Practice Assignment
6 Question 1- Module 12 Practice x
A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fr
ediStay v4
E New Scorpion
O Redistay - (Unknown) U Ulitpro -New
e Scorpion (UAT)
5) Springfield - Home
inContact
Dashboards
RediStay v4 (UAT) -...
lodule 12 Practice Assignment_Ch.17 i
Saved
1
Challenge Problem 17-25 (Static) [LU 17-2 (2)]
A delivered price (including attachments) of a crawler dozer tractor is $135,000 with a residual value of 35%. The useful life of the
tractor is 7,700 hours
eBook
Print
a. What is total amount of depreciation allowed?
References
Total amount
b. What is the amount of depreciation per hour? (Round your answer to the nearest cent.)
Amount of depreciation
per hour
arrow_forward
create a network for planning and construction of the new hospital at Arnold Palmer
arrow_forward
Section A - Please answer #4 Only. Thank you.
arrow_forward
12:45 1
ll
( BBA E3|Batch 2020 assignment 1.pdf
Institute of Innovation in Technology & Management, New Delhi
E COMMERCE
Assignment
1. Do you believe in E-Commerce, why? Discuss the advantages of E-
Commerce.
2. How E-business is different from E-commerce?
3. What is an electronic wallet?
4. Explain the challenges being faced by E- Commerce businesses.
5. Discuss an example from your experience about any company
conducting E-Commerce.
6. How is the global economy being affected by ecommerce?
• Last date of submission: 15 July'21.
• Assignment must be hand written.
• Upload PDF only.
• Assignment carries 5 marks which will be considered at the time of
final internal assessment.
Each page must have your name written on top
arrow_forward
which alternative would you not want if you were a service technician?
arrow_forward
Assignment:
Topic:
1. Mean of transportation
2.Natural resource
3.Ancient Philosophy and educational throught.
4.Ancient china school education.
arrow_forward
Question
arrow_forward
The outdoor pool is out of service at your resort and your teenage tour group of 30 is checking in today. What could the convention services manager do to be proactive?
Question 5 options:
a)
Make arrangements to shuttle the guests who want to use the pool to a private pool.
b)
Nothing. The pool is closed for the safety of the guest.
c)
Tell them to go to the YMCA.
d)
Pay for them to swim at the hotel pool next door and charge a small fee.
arrow_forward
Why is the construction of this 11-story building any more complex than the construction of an equivalent office building?
arrow_forward
section (A) Mutiple choice question has 2 options which is the best least option or the number of miles driven. for the 1st and 3rd part of this section and the second and fourth part potential solutions are 2,3,4, 9,?
Section (C) potential solutions are Dealer A, Dealer B, Dealer C, Dealer A or B, Dealer A or C, Dealer B or C
NEED FULLY CORRECT SOLUTION FOR THIS.
ASAP!!!
arrow_forward
Plz sir solve this for me
arrow_forward
Equipment ExpensesAnalyze the cost differences for a project that needs the use of a trencher Compare the cost differences between renting and buyingâamortizing the purchase price over a five-year period Which would be the best approach, renting or purchasing?
Explain how equipment expenses differ from other installed construction items, such as lumber and steel What unique accounting aspects need to be considered when estimating equipment used in a construction estimate?
Submission Requirements:Submit a Word document with the following specifications:
Font: Arial, size 12, double-spacing
Citation style: APA
Length: 2â3 pages
arrow_forward
Attendance of students using facial recognition.
1.introduction
2.Scope of the study
3. Objective
4.requirement
5.conclusions
Explain every numbered points
arrow_forward
MODULE 8-US 244472
ASSIGNMENT 1: Classroom Design and Revamp
0800
eduexperts
This is a fictitious project. You need not implement your research.
Collect all the relevant information and compile a proposal for revamping
your classroom.
In a previous Module we dreamed about a classroom.
Opportunity:
Goal:
Requirements:
Now you will be able to fictitiously (mock-up) revamp it.
Work out a budget to revamp your class.
Paint the walls, redo the flooring, design organisational
storage for your class.
To do:
Have a meeting with your principal. Ask written permission to revamp your
classroom. Remember this need not happen in real life but the relevant
documentation should be added (meeting & permission letter).
2. Get the necessary measurements and quotations for the work to be done.
(Measurement: floor and wall space, as well as shelving space)
3. Compile a supplies requirement list.
4. Add paint and flooring samples and a written report (handwritten or typed)
on your objectives and goals.
5.…
arrow_forward
Activity 1 - My Consumer Product
Procedure
1. Choose a
communication, transportation and agriculture.
consumer product that is available in the field of medicine,
2. Fill-in the table with correct information.
Data and Results
Area or Field
Consumer
Some
Use
Level of
Cost
Product
Chemical
Safeness
Components
(Chemical
Formula)
Medicine
Communication
Transportation
RUFFA MAE C. DAGAMI
martija.ruffa0709@gmail.com
09267229472
Instructor
Agriculture
arrow_forward
Subject: Industrial project
Q): How inventory management affect patient care?
arrow_forward
Week 3 Distortion of Product Costs A
By Wed, 11:59 pm:
Post the answer to the question below:
Wheelco, Inc. manufactures automobile and truck wheels. The company produces four basic, high-volume wheels used by each of the large automobile and pickup truck manufacturers. Wheelco also has two specialty wheel lines. These are fancy,
complicated wheels used in expensive sports cars.
Lately, Wheelco's profits have been declining. Foreign competitors have been undercutting Wheelco's prices in three of its bread-and-butter product lines, and Wheelco's sales volume and market share have declined. In contrast, Wheelco's specialty
wheels have been selling steadily, although in relatively small numbers, in spite of three recent price increases. At a recent staff meeting, Wheelco's president made the following remarks: "Our profits are going down the tubes, folks. It cost us 29
dollars to manufacture our A22 wheel... That's our best seller, with a volume last year of 17,000 units. But our chief…
arrow_forward
Mailings
Review
View
me
E E • E =
AaBbCcDc Aa
AaBbCcDdEe
AaBbCcDdEe
Normal
No Spacing
Heading 1
Paint Window
Install
Sills
(2)
Windows
(2)
Remove Siding
Add New Siding
Paint Exterior
(2)
(4)
(2)
1
Install Interior
(2)
Remove Floor
(1)
4
Install New
Floor
(4)
Instructions: The network diagram above (activity on arrow) shows the activities needed to complete a
project to remodel a storage shed. The activities are listed as well as the time (in days) it will take to
complete them. Use this information to find the following values for each of these activities: early
start time, early finish time, late start time, late finish time (Probably best to do in an Excel file). Based
on this, find the slack time for each activity and identify the critical path.
2.
arrow_forward
work i
Problem 4-17 (Algo) Schedule of cash receipts [LO4-2]
J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year:
BI
5
W
September (actual)
October
November
December
F2
Experience has shown that 15 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and
20 percent are never collected.
Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December).
Credit sales
Collections:
In month of sales
One month after sales
Total cash receipts
Fourth Quarter
A+
#♡
3
E
LUI
F3
O
X
S
4
F4
R
$ 51,000
$ 41,000
36,000
61,000
LL
*-
J. Lo's Clothiers
September
5
F5
%
|V
T
+
G
F6
(
October
Q Search
Y
B
F7
&
7
H
November
F10
F11
28
L
F12
P
Y'S:
V
Insert
+ 11
(
t
€
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Related Questions
- To: Muna Tarek(Lead Technical Staff) and Zinedine Abubakar(Purchasing DIR) From: Duha Sami(Exec Dir of Bus Operations?Main) Subject: Urgent Need for a new Reporting Mechanism For Maintenance Request Date: 10/25/22 CC: Zayna Izz Ud-Din (Exec Dir Of Finance and Planning) Muna and Zinedine,Hope the weekend went well for the both of you! I’m just reaching out today as I think we have an urgentoperational need I’m uncertain how to fulfill and could you use your advice on?Over the last several weeks we have gotten some particularly scathing email and web feedback as well assome online reviews about maintenance requests not being submitted correctly or completed for ourstudent apartment buildings near campus. Some of these have been excerpted or screen captured andshared online via social media and gone viral within our local population. My office has already hadabout two dozen calls from parents and students threatening either legal action or withholding of their rentpayments until this…arrow_forwardHow to communicate requirement for a projectarrow_forwardRequirement: I need a detailed analysis about the pros and cons of doing this business and calculations too Sky anticipates that each new skateboard will require $10 in materials (after initial purchase) and require two hours of her time. For custom designs, she is budgeting an extra 30 minutes for communicating with her customer. For the time being, Sky will continue selling out of her parents' garage as it keep costs low. She is planning on relying on word-of-mouth marketing and perhaps some newsletters too. Sky's friend, Libby, says she can design and print unique newsletters on a monthly basis for $300 per month. Sky plans to distribute the newsletters herself to save money. Sky likes the idea of advertising more, but is wondering if she should only do the newsletters every other month. She is projecting 200 skateboard sales, of which 25% are custom-design. By advertising each month, there will be a 10% boost to these numbers.arrow_forward
- Topic: Managment Information system Please read and answer the different parts operational management in Marketing department please answer accordingly Insurance Ltd. accepts payments on various insurance policies from employees of businesses across the island. These businesses deduct payments from employees’ salaries and pay the insurance company a lump sum each month. This total amount deducted is shown on each employee’s payslip. Deductions are due at the end of each month and each participating business submits one payment for its employees to the insurance company via online payments through the bank. However, if payments were received after 11:00 a.m., the bank does not process them until the next business day. At the beginning of each month an administrative assistant at MGMT Insurance Ltd. downloads the deductions for each company and allocates payments to the various policies. These payments include the client’s unique number along with his/her relevant policy numbers…arrow_forwardReview Submission History: HW 1 Assignment Instructions A Give an example for "Protective Mechanisms" that help and encourage employees to discuss any ethical dilemmas and report unethical behaviour without fear.arrow_forwardnity College | Pima x B Module 12 Practice Assignment 6 Question 1- Module 12 Practice x A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252Fr ediStay v4 E New Scorpion O Redistay - (Unknown) U Ulitpro -New e Scorpion (UAT) 5) Springfield - Home inContact Dashboards RediStay v4 (UAT) -... lodule 12 Practice Assignment_Ch.17 i Saved 1 Challenge Problem 17-25 (Static) [LU 17-2 (2)] A delivered price (including attachments) of a crawler dozer tractor is $135,000 with a residual value of 35%. The useful life of the tractor is 7,700 hours eBook Print a. What is total amount of depreciation allowed? References Total amount b. What is the amount of depreciation per hour? (Round your answer to the nearest cent.) Amount of depreciation per hourarrow_forward
- create a network for planning and construction of the new hospital at Arnold Palmerarrow_forwardSection A - Please answer #4 Only. Thank you.arrow_forward12:45 1 ll ( BBA E3|Batch 2020 assignment 1.pdf Institute of Innovation in Technology & Management, New Delhi E COMMERCE Assignment 1. Do you believe in E-Commerce, why? Discuss the advantages of E- Commerce. 2. How E-business is different from E-commerce? 3. What is an electronic wallet? 4. Explain the challenges being faced by E- Commerce businesses. 5. Discuss an example from your experience about any company conducting E-Commerce. 6. How is the global economy being affected by ecommerce? • Last date of submission: 15 July'21. • Assignment must be hand written. • Upload PDF only. • Assignment carries 5 marks which will be considered at the time of final internal assessment. Each page must have your name written on toparrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage LearningEssentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage LearningAccounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
- International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education