Quiz_ Practice Problems for Exam 2–b

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10/15/23, 10:00 AM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 1/5 Practice Problems for Exam 2 Started: Oct 15 at 10am Quiz Instructions Practice Problems (DO NOT COUNT TOWARDS YOUR GRADE) 1 pts Question 1 Dara runs a dolphin rescue where she cares for and rehabilitates injured dolphins. To cover her overhead she sells tickets to take pictures with the dolphins. These ticket sales cover costs that include feeding her dolphins. Dara knows that she needs to feed her Dolphins 150,000 fish per year. In order to get the correct fish for dolphin food she has an order lead time of 7 days as well as a holding cost of fish of $20. On top of that Dara incurs an annual ordering cost of $37. Calculate the order quantity that makes the most financial sense for Dara (EOQ) 1 pts Question 2 Brutus has a banana stand on high street. His stand has daily demand of 50 bananas and he operates his stand 300 days per year. The holding cost of each banana is $1 and his lead time is 3 days. Additionally ordering cost is $5. Calculate at how many bananas left Brutus should reorder (ROP 1 pts Question 3 Lily has been running out of stuffed animals and cannot seem to keep any on the shelf. She decides she needs to increase her safety stock. She knows that the average lead time

10/15/23, 10:00 AM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 2/5 delivery is 2 weeks. She also knows that her demand is 194 stuffed animals each week. She wants to boost her safety stock up to 3 weeks of demand. How low can her inventory get before she needs to purchase more stuffed animals? (Round to the nearest whole number) 1 pts Question 4 The figure above shows the time it takes for each step at Randy's Icecream parlor. A customer walks in and goes to the sampling section, places their order at step 2, step 3 is when the worker makes their icecream- step 3a is the amount of time it takes to make a milkshake, while step 3b is the amount of time it takes to make a sundae and step 4 is the amount of time it takes to check out. What is the average time in this process for a customer to go to Randy's ice cream parlor? 38 mins 42 mins 34 mins 40 mins 1 pts Question 5

10/15/23, 10:00 AM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 3/5 Herb runs a book store specializing in college books for back-to-school. He is focusing on his operations and maximizing customers. Although it is still early in his process and he has not been able to evenly distribute out his workers for the steps. Each customer must go through 4 steps for purchasing a book. Step 1- Serves 30 customers per hour Step 2- Serves 20 customers per hour Step 3- Seves 11 custoemrs per hour Step 4- Serves 22 customers per hour. How many customers can herb serve in an hour at his book store? 1 pts Question 6 Andy is a firm believer in waking up early each morning to start his day. His passion for waking up early drove him to start his own business of making alarm clocks for deep sleepers. He knows that total monthly demand next month exceeds his capacity available for production. He produces 3 types of alarm clocks: vibrating, sunrise and foghorn. Each of these 3 alarm clock models pass through 3 stations in the assembly process. Andy estimates demand for next month to be 140 units of Vibrating clocks, 170 units of Sunrise clocks, and 195 units of Foghorn clocks. Andy's Alarms operates two 4-hour shifts per day and are scheduled to work 20 days next month. Additionally, each station requires a 10% capacity cushion. When using the bottleneck method which product should be utilized first to be produced at full capacity? P time in (min/unit) Processing time Processing time Processing time Product Station 1 Station 2 Station 3 RM ($/unit) Price ($/unit) Vibrating (V) 15 15 20 15 100 Sunrise (S) 10 20 15 10 90 Foghorn (F) 20 10 20 5 75

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10/15/23, 10:00 AM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 4/5 Sunrise Foghorn Vibrating 1 pts Question 7 Elaina loves making specialty ﬂip ﬂops and has decided it is time she starts selling her own. She wants to do all the research she can before she goes into business. She was an operations major, so she knows she has to figure out the supply chain metrics if she wants to be successful. She wants an inventory turnover ratio of 4.9. She has forecasted her sales to be $3,281 a week and she will operate for 52 weeks. What should she aim to have her average aggregate inventory value to be if she wants to hit her desired inventory turnover ratio of 4.9? (Round to the nearest whole number) 1 pts Question 8 Billy is opening up a new book shop creating customized books for children. He is deciding whether he should create the books in-house or if he should get a subcontractor to produce the books. He knows if he makes them in-house the annual equipment cost is $44,196 with a variable cost of $10 per book. If he chooses to get the books from a subcontractor he will pay no equipment cost, but a variable cost of $15. How many books would Billy have to sell to make the cost of building in-house and subcontracting the same? (Round to the nearest whole number) 1 pts Question 9

10/15/23, 10:00 AM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 5/5 Quiz saved at 10:00am If you are trying to figure out how productive you are with your inventory. Which metric would you use to figure it out? Inventory Turnover Ratio Average Aggregate Inventory Value Weeks of Supply Inventory Turnover Ratio Submit Quiz