8. James Beerd bakes cheesecakes and Black Forest cakes. During any month, he can bake atmost 65 cakes. The costs per cake and the demands for cakes, which must be met on time,are listed in the Table. It costs 50¢ to hold a cheesecake, and 40¢ to hold a Black Forestcake, in inventory for a month. Formulate an LP to minimize the total cost of meeting thenext three months' demands.Month 3Cost/Cake (S)Month 1Month 2ItemDemandCast/Cake (S)DemandCest/Cake ($)DemandCheesecake403.00303.40203.80Black Forest202.50302.80103.40

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Answered: 8. James Beerd bakes cheesecakes and…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section10.4: Simulation With Built-in Excel Tools

Problem 15P

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1. XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 500 boxes (unit) per month. It costs OR 10 to make and receive an order and holding cost is OR per box per year. The prices depend on quantities purchased such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. What is the Economic Order Quantity (EOQ) while not consider the purchase cost ? Round -up to the nearest integer a. 164 units b. 199 units c. 500 units d. 180 units E. None is correct
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James Beerd bakes cheesecakes and Black Forest cakes. During any month, he can bake at most 65 cakes. The costs per cake and the demands for cakes, which must be met on time, are listed in Table 33. It costs 500 to hold a cheesecake, and 40¢ to hold a Black Forest cake, in inventory for a month. Formulate an LP to minimize the total cost of meeting the next three months’ demands. table 33 Month 1 Month 2 Month 3 Item Demand Cost/Cake ($) Demand Cost/Cake ($) Demand Cost/Cake ($) Cheesecake 40 3.00 30 3.40 20 3.80 Black Forest 20 2.50 30 2.80 10 3.40
The catering manager of La Vista Hotel, Lisa Ferguson, is distu rbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet for 500 people, they did not have enough knives. She decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor willoffer.For a small order (2,000 or fewer pieces), her vendor quotes a price of$1.80 piece.I f she orders 2,001- 5,000 pieces, the price drops to $ 1.60/piece. 5,001- 10,000 pieces brings the price to $1.40/ piece, and I 0,00 I and above reduces the price to $1.25.Lisa's order costs are $200 per order, her annual holding costs are 5%, and the annual demand is 15,000 pieces. For the best option:a) What is the optimal order quantity?b) What is the annual holding cost?c) What is the annual ordering (setup) cost?d) What a re the annual costs of the silverware itself with an optimal order quantity?e) What is the total annual cost, including…
Omega DB Corp. has a policy of maintaining an inventory of finished goods equal to 40 percent of the next month’s budgeted sales. If Omega DB Corp. plans to produce 6,000 units in June, what are budgeted sales for July in units? Budgeted sales for the first six months of 2019 for Omega DB Corp. are listed below: Units:JANUARY 6,000FEBRUARY 7,000MARCH 8,000APRIL 7,000MAY 5,000JUNE 4,000
3-2) The optimal quantity of the three products and resulting revenue for Taco Loco is: A) 28 beef, 80 cheese, and 39.27 beans for $147.27. B) 10.22 beef, 5.33 cheese, and 28.73 beans for $147.27. C) 1.45 Z, 8.36 Y, and 0 Z for $129.09. D) 14 Z, 13 Y, and 17 X for $9.81. 3-3) Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in values for beef inventory that would not affect the optimal product mix? A) 26 to 38.22 pounds B) 27.55 to 28.45 pounds C) 17.78 to 30 pounds D) 12.22 to 28 pounds
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XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 500 boxes (unit) per month. It costs OR 10 to make and receive an order and holding cost is OR 2.5 per box per year. The prices depend on quantities purchased such that the order quantities from 1 to 199 at price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. What is the Economic Order Quantity (EOQ) while not consider the purchase cost? Round - up to the nearest integer?? a. 199 units O b. None is correct 500 units d. 180 units e. 220 units
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XYZ Company is specialized in mangoes distribution in the city of Muscat. Sales are 400 boxes (unit) per month. It costs OR 10 to make and receive an order and holding cost is COR 3.5 per box per year. The prices depend on quantities purchased such that the order quantities from 1 to 199 at a unit price RO 5; quantity 200 to 499 at a unit price 4.5 RO; and quantity 500 and more at a per unit price of 4 RO. If the discount option is considered, then the best decision that minimizes the total annual inventory cost is
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