3. (Ch9) A store has collected the following information on one of its products:Demand = 4,500 units/yearStandard deviation of weekly demand = 12 unitsOrdering costs = $40/orderHolding costs = $3/unit/yearCycle-service level = 90% (z for 90% = 1.28)Lead-time = 2 weeksNumber of weeks per year = 52 weeksa. If a firm uses the continuous review system to control the inventory, what would be the order quantityand reorder point?b. The firm decided to change to the periodic review system to control the item's inventory. For the mostrecent review, an inventory clerk checked the inventory of this item and found 300 units. There were noscheduled receipts or backorders at the time. How many units should be ordered? (HINT: Use the EOQmodel to derive P, the time between reviews.)

Given, Annual demand D = 4500 units Number of weeks per year = 52 weeks Daily demand d = 4500/52…

Answered: 3. (Ch9) A store has collected the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 5 Which pattern would you use in the following situation: you have a Product class which knows its own inventory. It should behave differently when it has inventory vs when it doesn't (e.g. a getPrice method returns "$5.99" or "Out of Stock"). Think about which class should be responsible for choosing the behavior in this case. 1) Strategy 2) Observer 3) State Question 8 MVC's big advantage is that you don't need to tie communications between a UI and a data model to a specific implementation. True / False?
chapter 7 10. Calculate the maintained markup percent. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). (HINT: Page 196) NOTE. There are four questions associated with this data. You will ultimately complete a complete RIM exercise. Cost ($) Retail ($) Opening inventory 130,410 201,543 Gross purchases 418,390 884,916 Returns to vendors 1,726 3,514 Cash discounts 2,040 Alteration costs 1,620 Freight 1,690 Gross Sales 806,430 Customer returns 60,340 Markdowns 120,630 Markdown cancellations 3,048 Additional markup 360 Employee discounts 1,010 Closing physical inventory 212,803
1. A hotel tries to reduce the perishability of its services by selling last minute inventory at a highly discounted price. This technique presents threats to a company’s: A. Brand image B: Variability of services C: Relationships with suppliers D: Human resources turnover 2. Sometimes, hotel and airline companies upgrade guests to higher-end services. For such services, there are not a lot of word-of-mouth, reviews, or pictures available. For example, a hotel may upgrade a guest who paid for a regular room to a suite in order for the guest to experience an upscale product that the customer does not purchase often, but may purchase in the future. This situation, where a guest may experience an unfamiliar upscale service for the first time, is likely to result in a __________ in the __________ of services. A: increase, intangibility B: reduction, intangibility C: reduction, variability D: increase, variability 3. In hospitality and travel industries, customers and frontline…
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1. Safety stock and service levels are positively correlated. True False
Chairs Tables Selling price per unit ＄80 ＄400 Variable cost per unit ＄30 ＄200 Board feet per unit 　　　　　　2 10 Monthly demand 600 100 The company's supplier of hardwood will only be able to supply 2,000 board feet this month. What plan would maximize profits? a. 500 chairs and 100 tables b. 600 chairs and 80 tables c. 500 chairs and 80 tables d. 600 chairs and 100 tables Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
13. Which of the following orders is most useful to short sellers who want to limit their potential losses? a. limit order b. discretionary order c. limit loss order d. stop buy order e. none of these
Please do not give solution in image format thanku 3. The goal of inventory management is to have the right ______, in the right _______, at the right _______. A. product, range, season B. price, place, supplier C. price, range, season D. product, place, time 4. A supply chain with a distributor has more product handling than one without a distributor. True or False? 5. Lead time is a way to measure the availability of inventory. True or False? 6. Expected profit is a direct measure of how well a company serves its customers. True or False? 7. Demand is modeled with a normal distribution that has a mean of 300 and a standard deviation of 50. What is the probability that demand is 400 or less? A. 97.7% B. 95.4% C. 47.7% D. 2.3% 15. Store A purchases cases of fertilizer for its lawn-care business from a supplier who charges Store A $30 per order and $50 per case. Each case consists of five bags of fertilizer. Store A needs 2000 bags of fertilizer a year. Store…
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Q.1 Zachtech is a multinational company known for developing quality software products. For the past one year, the company is facing a problem for not generating enough yearly revenue. The main reason is that resources to carry out the task of developing products are not being managed properly which resulted delays in product completion.For this purpose, the company wants to hire a person who will be responsible for overcoming this loss, the company is facing.Which type of person the company should hire? Justify your answer with valid reason.

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