A company sells cell phone cases. Every time they make an order, they pay $25 for the transportation and $5 to prepare the ordering request. Holding cost per year as a fraction of unit cost is 25% and each case costs $10. The monthly demand is 200 units. Calculate the minimized total annual inventory cost.
Q: What do you think is the most important shift in thinking that a project manager needs to make to op...
A: An agile workplace can be stated as the type of work environment sketched around entire flexibility....
Q: Callers are helped in a process with two sequential resources. The capacities of the resources are 1...
A: Given, Two resources which are in series. So, the lower capacity will be bottleneck. Capacity of Res...
Q: The standard time fixed for the worker is 20 hours to complete a job. If a worker completes the job ...
A: Given data The standard time fixed for employees = 20 hours Time taken by a worker in job completi...
Q: ed to suit many organizations b. The measures developed must match the company's strategy and visio...
A: The strategic and operational parts of a company are linked by a balanced scorecard. Organizational ...
Q: An example of a leading performance measure is: a.Number of new customers b. Average response time...
A: In certain cases, leading indications are referred to as inputs. They specify the steps that must be...
Q: Santizit, Inc. produces a constant supply of hand sanitizer bottles (adjusted for seasonality) to it...
A: Economic order quantity is a technique which identify the optimal ordering quantity based on the con...
Q: Kathy was a member of a selection panel for an editorial position. Jean was one of the unsuccessful ...
A: Personal issues can negatively impact the environment at the workplace and can also impact the perfo...
Q: NOT likely to occur after crashing a project activity?
A: Crashing a project endeavor incorporates allocating more means so that a task can be done on / befo...
Q: The Dutch Railway system processes 1.3 million passengers and more than a million tons of cargo dail...
A: given, Planning for the future To achieve the projected capacity growth for the Traffic Control busi...
Q: Soledad Bautista, the engineering manager, delegates tasks as a good manager should. However, Mark H...
A: given Soledad Bautista, the engineering manager, delegates tasks as a good manager should. However, ...
Q: If your forecast for 2022 is 40, using the seasonal index below, what is your forecast for 2nd quart...
A: Seasonal forecast = Forecast for a period * Seasonal index of that period Given, Total forecast = 40...
Q: ring the important info that should appear in a mission statement. Then give examples of high qualit...
A: An organization's audience is served by its mission statement, which is an action-oriented declarati...
Q: You have been asked to analyze the bids for 200polished disks used in solar panels. These bids have ...
A: Store network the executives (SCM) is the discipline that oversees supplies and cycles through each ...
Q: Please outline or bold the answer
A: X1 = Number of one person boats X2 = Number of two persons boats X3 = Number of four-person boats
Q: In your own words, Explain why there is a need for innovative policing in Law Enforcement. Write in ...
A: Innovative Policing is an overview of democratically oriented innovations and orientations in polici...
Q: Is globalization a cure for poverty?
A: At the start of the 21st century, the world economy was estimated to be worth $60 trillion. Over 77,...
Q: What is the significants of "the calendar"? What are some significant future dates?
A: A calendar can be stated as the systematic approach or the framework for organizing or arranging day...
Q: dentify resources and capabilities emerging out of different functional areas for a company of your ...
A: A Small Introduction to Resources and Capabilities Assets are the association's resources, informat...
Q: xplain the term “Constrained Optimization” as Thaler used in the first chapter of Misbehaving.
A: Constrained optimization is used in mathematical optimization . It is the process of optimizing an o...
Q: Hello please help me answer the following question: ACME Corporation is developing a new innovative ...
A: The Break-even point is the point at which the production cost and production revenue of an organiza...
Q: The quantity to be maximized, z, is the number of viewers in thousands. Let x, be the total number o...
A: x1 = Total number of minutes allotted to the senatorx2 = Total number of minutes allotted to the con...
Q: 13.20. Southwood Furniture Company is a U.S.-based furniture manufacturer that offshored all of its ...
A: Given: Annual Demand (D)= 715 Holding cost (H) =$1200 Ordering cost (S) =$6000
Q: Please try to solve in 30 minute A queueing system has an arrival rate of 45 visitors per hour (stan...
A: Given, Service rate s = 35 visitor per hour Standard deviation Ss = 20
Q: What strategies are useful when searching for a job? What can you learn about an employer's needs by...
A: The process of acquiring and evaluating information regarding the content and human needs of tasks, ...
Q: Create a general diagram of the supply chain that illustrates the various components of the system. ...
A: Supply chain management is a wide field that includes all the processes from source to destination. ...
Q: 19. Design cycle time is an example of a: a. Financial performance measure b. Service-after-sale...
A: Design cycle times are the period of time which is taken to make a product without any kind of inter...
Q: Describe how your mastery of project management and the concepts in this textbook will enhance at le...
A: The three employability skill that can mastery the project management concepts are:
Q: If the annual demand is reduced to 9,000 units, the set-up costs increased to $110, inventory carryi...
A: Given: Annual demand (D) =9,000 units Daily demand (d) = 60 units/dayProduction per day (P) = 80 un...
Q: When we mention that "this modeling constitutes a useful aid to the visualization, communication and...
A: The visual representation can be stated as the representation or illustration of some data and infor...
Q: apestry’s ERP system takes information from point-of-sales systems in stores into a common back-offi...
A: given, The company’s overhaul that has reduced duplication and centralized business operations acros...
Q: What is the biggest drawback of using automation in manufacturing?
A: Automation in manufacturing has its own advantages and disadvantages which include higher production...
Q: Stakeholder interest and potential and the impact of the project
A: Stakeholders are individuals who have interest in a business venture and business or projects. These...
Q: (d) Fit a multiple linear regression model with an interaction term to these data. (e) Estimate o an...
A: given,
Q: Inspiring and motivating others includes which of these management functions Question 4 options: ...
A: Management can be stated as the approach of planning, organizing, decision-making, inspiring, motiva...
Q: Bakery A uses the newsvendor model to manage its inventory of bread loat Bakery A sels bread for $46...
A:
Q: Question 3: Using the information in the table, how many arcs are needed to complete the network bel...
A: The dummy activity is an imaginary activity which donot require any resource and time. It is used to...
Q: ACME Corporation is developing a new innovative product. To launch the product, monthly fixed costs ...
A: The Break-even point is the point at which the production cost and production revenue of an organiza...
Q: Where will the Casino Operations Management industry be in the future ? "
A: Modern technologies like as artificial intelligence, cloud computing, and virtual worlds have all he...
Q: How is lean ux used in continuous exploration?
A: In the process of continuous exploration, we would put major emphasis on understanding the needs and...
Q: explain all the step to construct the network and find critical path
A: Critical path is the path with longest duration. It represents the total time that a project will ta...
Q: Discuss the several types of changes that may suggest a need to revaluate and/or redesign firm's log...
A: A logistics network is an effective logistics network modeling to move goods from their raw state th...
Q: Indicate what the Analytics Ecosystem is, its 11 categories, and a brief description of each one.
A: ANALYTICS ECOSYSTEM : A data/analytics ecosystem is a set of data gathering and analysis infrastruct...
Q: Explain: Some simple secrets of success are: Keeping cost down Focusing on customer value Keeping ...
A: Success is achieving a pre-defined aim or purpose.
Q: Consider a four-step serial process with processing times given in the list below. There is one mach...
A: A bottleneck station in a process chain has the longest lead time of activities. Upstream increased ...
Q: what effect has inventory management (as separate from increasing sales) on cash? Why/how can inven...
A: Inventory management is the management in which raw material and finished products are managed and c...
Q: Which one of the following perils would be covered under the commercial property policy broad form b...
A: Commercial property insurance covers the repair or replacement of building and building property dam...
Q: (a) Draw the activity network for this problem (b) Determine the Expected Times. (c) Determine the...
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...
Q: Callers are helped in a process with two resources. The first resource has a capacity of 1.7 callers...
A: Given, First resource capacity = 1.7 callers per minute Number of workers for first resource = 1 wor...
Q: (d) A company has three factories. Each factory produces three different products (A, Band C). Facto...
A: Objective Functions and Constraints: Based on the given details, the objective funct...
Q: Chapter 5. (M/M/s/K Model). Leia is responsible for 8 computers in the IT offices in a small busines...
A: Given data: Arrival time = 3 weeksService time = 0.5 weeks *as per guideline first thre...
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- An organization manufactures supplies for landscaping companies which has an annual demand of 16,000. The cost of storing each unit is $2.5/year and $50 to make an order. Say the company has 300 days of annually, answer the following questions: a. What is the optimal order quantity? b. How many orders in a year? c. How many days between orders? d. How much is the total inventory cost?Do all work in Excel with Formulas An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time is 2 days. a. Find the optimal order quantity. b. What is the reorder point? c. How often should an order be placed? d. What is the cycle time?The expected annual usage of a particular material is 540,000 units, and the standard order size is 36,000 units. The invoice cost of each unit is P900, and the ordering cost per order is P240. Assuming the company does not maintain safety stock. a. What is the average inventory? b. What is the ordering cost?
- Banana Inc. a Company that markets skin care products . The annual demond is 2400 units and ordering cost is 10 per order . The holding cost per year is 0.30 .Amount of the working days of the is 250 days in a year , Lead time of the order is 2 days . a. What is the optimal order size? b. What is the optimal number of orders per year? c. What is the optimal number of days between orders? d. What is the annual inventory cost? e. If the lead time were 2 days, what would be the reorder point? f. For what value of ordering cost would 1000 units of order size be optimal? g. Determine how often the firm should order. h. Determine the size of each order ı. At what price should the firm order?Ann Chovies, owner of the Perfect Pasta Pizza Parlour, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and holding costs are 4 cents per pound per day. Lead time for each order is 3 days, and the pepperoni itself costs $3.00 per pound.If she were to order 80 pounds of pepperoni at a time, what would be the maximum inventory? Multiple Choice 50 100 200 20 80Fursan Inc. needs 310 kgs of a material per month (four weeks). It costs RO 10 to make and receive an order, and it takes 14 work days to receive it. The annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. At what level of inventory in Kgs should the company be placing orders? Round-up to the nearest integer Select one: a. 200 b. 175 c. 181 d. 188
- SF, owner of the kebab houses, uses 20 pounds of mince each day in preparing meatball. Order costs for mince are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the mince itself costs $3.00 per pound. At what point should she reorder mince? Select one: 20 pounds remaining 60 pounds remaining 100 pounds remaining 80 pounds remaining 40 pounds remainingSaga ltd. produces electronic toys for children between the ages of 7-10 years old. The toys use a processor that is imported from Japan. Annual demand for the processor is 12,500. The holding cost per processor per year is $2. Ordering cost per order is $400. Lead time is 7 days and the number of working days in the year is 250. d. What is the optimal number of days between any two orders? e. What is the reorder point? f. Given the EOQ, what is the total annual inventory cost?Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 305 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2 per item per year, and ordering costs are $32 per order. a) What is the economic production quantity?b) How many production runs per year will be made?c) What will be the maximum inventory level?d) What percentage of time will the facility be producing components?e) What is the annual cost of ordering and holding inventory?
- The demand for a commodity is 40,000 units a year, at a steady rate. It costs $20 to place an order, and $0.40 to hold a unit for a year. Find the order size to minimize inventory costs, the number of orders placed each year, the length of the inventory cycle and the total costs of holding inventory for the year. What is the EOQ? What is the number of orders placed each year? What is the inventory cycle (length of time that the the order size will last)? in terms of weeks What is the total ordering & carrying costs at the EOQ level?Saga ltd. produces electronic toys for children between the ages of 7-10 years old. The toys use a processor that is imported from Japan. Annual demand for the processor is 12,500. The holding cost per processor per year is $2. Ordering cost per order is $400. Lead time is 7 days and the number of working days in the year is 250. a. What is the economic order quantity? b. What is the optimal number of orders per year? c. Calculate the annual holding cost if the economic order quantity is used. d. What is the optimal number of days between any two orders? e. What is the reorder point? f. Given the EOQ, what is the total annual inventory cost?Do all work in Excel showing formulas An office supply store open 5 days a week must determine the best inventory policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is $22 and the inventory holding cost is 30%. Orders are placed at a cost of $40 each, including preparation time and communication charges, and the lead time is 2 days. a. Find the optimal order quantity. b. What is the reorder point? c. How often should an order be placed? d. What is the cycle time?