Quiz_ Practice Problems for Exam 2 (2)

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10/16/23, 7:10 PM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 1/3 Practice Problems for Exam 2 Started: Oct 16 at 7:10pm Quiz Instructions Practice Problems (DO NOT COUNT TOWARDS YOUR GRADE) 1 pts Question 1 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 delivery is 2 weeks. She also knows that her demand is 196 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 2 Zeke runs an elephant sanctuary in Dallas that aims to rehabilitate elephants who have been living in Zoo's for too long. This comes at great cost to Zeke as elephants are costly animals given how much food they eat. Zeke knows that to maintain a healthy elephant diet an elephant must consume 5,002 units of hay each year and Zeke has 6 elephants that all eat year round (365 days). Additionally the annual ordering cost per unit to process an order is $50 and the holding cost of this hay is $11 and lead time is 7 days. Calculate the inventory position right after an order is placed, assume no backordering is allowed. (round your answer to the nearest whole number) 1 pts Question 3 Sarah's sandal shop has a very limited amount of space available for inventory. As a result of this it is essential to sarah that she receives all of her orders on time and she must know exactly when to order her inventory otherwise she will either not be able to store it or lose out on sales. Sarah has a daily demand of 15 pairs of ﬂip ﬂops and operates 320 days per year. Additionally, she has an average lead time of 13 days and ordering cost of $5. Calculate the number of sandals in stock at which time Sarah will reorder. 1 pts Question 4 Andy is a firm believer in waking up early each morning to start his day. His passion for waking up early drove him to start his own business of making alarm clocks for deep sleepers. He knows that total monthly demand next month exceeds his capacity available for production. He produces 3 types of alarm clocks: vibrating, sunrise and foghorn. Each of these 3 alarm clock models pass through 3 stations in the assembly process. Andy estimates demand for next month to be 140 units of Vibrating clocks, 170 units of Sunrise clocks, and 195 units of Foghorn clocks. Andy's Alarms operates two 4-hour shifts per day and are scheduled to work 20 days next month. Additionally, each station requires a 10% capacity cushion. What is the total profit of the bottleneck method? P time in (min/unit) Processing time Processing time Processing time Product Station 1 Station 2 Station 3 RM ($/unit) Price ($/unit) Vibrating (V) 15 15 20 15 100 Sunrise (S) 10 20 15 10 90

10/16/23, 7:10 PM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 2/3 Foghorn (F) 20 10 20 5 75 1 pts Question 5 The figure above shows the time it takes for each step at Randy's other Icecream parlor in a different town. 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. How many customers can randy serve in an hour at his ice cream shop? 4 customers per hour 3 customers per hour 8 customers per hour 6 customers per hour 5 customers per hour 1 pts Question 6 The figure above shows the process for a dentist's oﬃce. A patient first check-in with the secretary waits in the waiting room, then will either go get an x-ray or get their cavity filled, get their teeth cleaned, and then schedule their next appointment. Where does the bottleneck occur? Step 1 Step 3a Step 3b Step 4

10/16/23, 7:10 PM Quiz: Practice Problems for Exam 2 https://osu.instructure.com/courses/145300/quizzes/908941/take 3/3 Quiz saved at 7:10pm 1 pts Question 7 Debbie makes packages of almonds. She has been working hard and wants to take a very long vacation. She leaves her best friend in charge of running her store. Debbie doesn't want to give her secret recipe to her friend, so she wants to leave her with enough inventory to last her vacation. She knows her average aggregate inventory is $30,000. Each week she sells 650 packages of almonds costing $10. How many weeks can Debbie take for vacation? (Round to one decimal place) 1 pts Question 8 Taylor graduated from Ohio State University and chased her dream to make toys. She has worked for 6 months and outsources all her toys. She pays $11 for each toy to be manufactured and pays no fixed cost. It has been working when her sales were 2000 a month. She recently hired a marketing intern and believes more people will buy her toys. She is contemplating purchasing machinery for $2,578 because it will only cost $7. How many toys will it take to break even between both options? (Round to the nearest whole number) 1 pts Question 9 Chris runs a clothing company and wants to figure out his average aggregate inventory value. He has 50 shirts that cost $20, 40 pairs of pants that cost $35, and 67 hats that cost $16. What is his average aggregate inventory value? (Round to the nearest whole number) Submit Quiz

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