MBA504 MAC502 Problem Set 8 F14

1) Problem 6: Suppose demand and supply are given by Qd = 60 – P and Qs = P – 20.

Problem #3 A. Assuming the number of hours Anna Sheen will spend developing the profile section will = 4; Ralph Armentrout’s optimal stocking quantity is 516, as portrayed in the table below:

Lancer group is approached by a Mass merchandise to sell its products with an assortment of Lancer products. The initial purchase order would be of 0.75 million and the estimated order per annum would be 4 million .The other clauses in the deal are as mentioned

------------------------------------------------- Answer | | 7200 | | | 4000 | | | 2400 | | | 1200 | | | 600 | 5 points Question 9 1. ------------------------------------------------- ------------------------------------------------- A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer.

The 5 minimum purchase costs $62.50, which creates a barrier for those who are willing and able to send something within a tight time constraint. Envelopes should be provided for free, and charged upon the actual service of mailing out the package. Corporations enjoy flexibility. We believe that CPs should be marketed as a product that is great for reliability and speed, making a point that they

SHIPPING RATES WITHIN THE CONTINENTAL U.S. & TO APO/FPO ADDRESSES GROUND SHIPPING RATES Invoice Total Rate 0-$49.99 $6.99 $50-$99.99 $7.99 $100-$149.99 $12.99 $150-$199.99 $16.99 $200-$299.99 $18.99 Over $299.99 FREE Bike Lifts $25.00 Extra Wide Bike Ramp $50.00 Complete Motors $100.00 Rolling Chassis Kits $175.00 Trailers $300.00 C.O.D. Add $7.00 For this company however, if the package is 5 lbs and The Execution section handles the actual flow of material, products, and services. Included in that is the informational and financial flow of things in and out of the company. The Performance section focuses on all the decision-making process along all of the supply Chains. This software also offers a lot of training for using the software; there is IFS eLearning, Web-Based Training, Classroom Training, Informational Webcasts and Customized Training, all made to help the user work well with the software. This software package is built for a medium to large organization (101- 2000+).

Formulation Max 10A + 10B + 10C Subject to: 3A + B + 5C ≤ 300 (constraint #1) 2A + 4B ≤ 400 (constraint #2) 4A + 2B + 3.5C ≤ 200 (constraint #3) C ≥ 10 (constraint #4) A, B, C ≥ 0 9) Which constraints are binding? A) 1 and 2 B) 1 and 4 C) 2 and 3 D) 3 and 4 E) 2 and 4 Answer: D Page Ref: 130 Topic: Sensitivity Analysis Using Graphs Difficulty: Easy 10) What is the optimal objective function value? A) 925 B) 825 C) 100 D) 92.5 E) none of the above Answer: A Page Ref: 130 Topic: Sensitivity Analysis Using Graphs Difficulty: Easy 11) By how much would the profit contribution of product A has to increase before it will be profitable to produce A?

The product management team asks you for an analysis of the stock-out probabilities for various order quantities, an estimate of the profit potential, and to help make an order quantity recommendation. Specialty expects to sell Weather Teddy for $24 based on a cost of $16 per unit. If inventory remains after the holiday season, Specialty will sell all surplus inventory for $5 per unit. After reviewing the sales history of similar products, Specialty’s senior sales forecaster predicted an expected demand of 20,000 units with a .95 probability that demand would be between 10,000 and 30,000 units.

9-698-053 REV: AUGUST 30, 2002 V.G. NARAYANAN ANANTH RAMAN Hamptonshire Express Problem #1 Anna Sheen, upon graduating from a Boston-area university with a degree in journalism and operations research, returned to her hometown of Hamptonshire, Pennsylvania, to start a daily newspaper. The Hamptonshire Express emphasized local news which Sheen believed was not adequately covered by big-city newspapers such as

Page 1 of 4 Math 116 Review 1 1. Suppose that the total cost of manufacturing q units of a certain product is C  q  thousand dollars, where C  q   q3  30q2  500q  200 a) Find the total cost and the average cost of producing 10

a. lead time b. replenishment quantity *c. reorder point d. service level 4. A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. If the cost to order napkins is $200.00 per order and the annual carrying cost for one box of napkins is $1.00, then the optimal order quantity (EOQ) for napkins would be

Introduction Mr. Busfield accepting the possession at his direct cost would entail his effort to find the Economic Order Quantity for measuring cups. This is accomplished by combining the inventory carrying and ordering cost. In the event of calculating the EOQ through ordering and maintaining inventory product quantities have to be at a stable demand and cost level throughout the year. (Bowersox, D. J., Closs, D. J., Cooper, M. B., & Bowersox, J. C. p. 156. 2013) Mr. Busfield’s company would have to calculate this level accurately from the information that he gathers from the cost of orders products, annual inventory carrying cost, annual sales volume, units; and cost per unit. There the calculations would be calculated from figures from the previous question of finding the reorder point for spatulas. (R=DXT+SS) calculated from = 400 x 14 + 500 = 6,100 (Bowersox, D. J., Closs, D. J., Cooper, M. B., & Bowersox, J. C. p. 157. 2013). To find the economic order quantity (EOQ) would be the square root of the product of the numerator two times order cost and demand divided by the product of the annual total cost. “Inventory Carrying Costs = (2,797/2) x 0 .75 x 12% = $ 125.87. (44,000/2797) = Order costs= 16 orders x $8 / order = $ 128.00. Transportation Costs = 44,000 units x $0 .05 / unit = $ 2,200. Total Cost (EOQ = 2,797 units) $ 2,453.87 /year. Annual total cost with order quantities of 4,000 cups (Ultimate Calculators 2010).”

Seoul National University Supply Chain Management May 11 – May 22, 2015 Homework Assignment Completed assignment is due at the start of Session 7 on Tuesday, May 19. This assignment is to be completed in a group of 2 or 3 students. Submit a hard copy, not an electronic copy (typed answers are preferred). Show your

|Midterm Example Test v2 | | 1. A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75,000 units. The costs for each

EFFECT OF WESTERNIZATION ON ARABS (WORKING WOMEN): INTRODUCTION: The United Arab Emirates (UAE) is an example of a rapid and successful development story in the Region, in terms of both the infrastructure and economy of the country and also the progress of its People. The UAE’s achievement is perhaps best typified in the evolution