A popular clothing Pull & Bear makes sweater for young people. The average demand for blue sweater is 100 per week. Pull & Bear's production facility has the capacity to sew 400 sweater per week. Setup cost is $351. The value of finished goods inventory is $40 per sweater. The annual per unit inventory holding cost is 20 percent of the items' value. a. Calculate POQ production order quantity and Reorder interval? b. Calculate the total annual holding cost and setup cost?
Q: Crash the project until no more crash can be performed How much it would cost The new critical…
A: Proect crashing is one of the techniques used in the calculation of the duration of the critical…
Q: description and must tell about philippine transportation.
A: In the economy of the Country P, transportation plays a key role. There is so much choice for local…
Q: The three-sphere systems management model may be summarized as follows. Are there ways to avoid the…
A: The three-sphere model of system management is essential for selecting and managing a project. This…
Q: Intel has $4.273 (million) worth of inventory and their COGS are $12,010 (million). Their average…
A: Given data: Average inventory = $ 4,273 million COGS = $12,010 million Average holding cost =…
Q: Susan Solomon has been thinking about starting her own fuel station, but Susan's problem is to…
A: Given data:
Q: What are some of the reasons why you believe that the quality of the data is one of the most…
A: Data warehousing means having a single, trusted source for data that can be used for reporting and…
Q: sidy for environm
A: Efficiently produced environmentally friendly goods have a market focus and are related to a product…
Q: Rand Enterprises is considering a number of investment possibilities. Specifically, each investment…
A: Formulas Model:
Q: buying them are equal? Round your answer to the nearest whole number, no decimals. If demand is…
A: Given,Fixed cost for producing = 320000Variable cost for producing = 11 per unitFixed for buying=…
Q: 1- Total project finishing time 2- Critical path 3- Free float for each task.
A: A project schedule network diagram shows the sequence of the task that are performed to complete a…
Q: How would MMM use the BCG portfolio analysis to assess their product / business strategy?
A: BCG portfolio analysis is a framework that helps businesses to identify and assess the relative…
Q: A supplier for an electronics store has introduced quantity discounts to encourage larger order…
A: Here, we would determine the EOQ or Economic order quantity value, Given the data, Monthly…
Q: ervice management is more difficult than manufacturing.
A: Service management is based on the group of specialized corporate capacities for fostering value for…
Q: Discuss the following question below: Is it always possible to implement an oral contract? Yes o No…
A: A contract is nothing but an agreement that is a legally enforceable agreement that develops,…
Q: A product's demand in cach period follows a Normal distribution with mean of 50 and standard…
A:
Q: The optimum order quantity for blueberry in pounds is:
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: How reliable is the result of work sampling activity in determining working time and idle time of…
A: Work sampling is one of the methods in which the observations are done on some of the random samples…
Q: A procedure in one of the company's functional areas is now being developed using Internet…
A: E-Business permits organizations to interface their inside and outer cycles all the more…
Q: How did Southwest Airline dealt with the massive tech failures that delayed hundred of flights on…
A: In 2016, SW Airlines faced a technology outage that resulted in the cancellation of flights and a…
Q: How can 7R's of Supply Chain Management (SCM) can be a source of competitive advantage for a…
A: The seven R's of supply chain management are used as strategies to achieve business objectives and…
Q: Jeff Kaufmann's machine shop sells a variety of machines for job shops. A customer wants to purchase…
A: The decision tree is a visual representation of decision-making alternatives. The square node…
Q: Red Lip Cherry (RLC) is a local retailer of cherries. During the cherry seasons, daily demand…
A: Given data, Average daily demand=100 pounds, standard deviation=10, The purchase cost per pound=12…
Q: Compilation of at least three trend in quantity food production.
A: Quality food production has become an important subject in recent years, with many social media…
Q: Suppose that you are given a decision situation with three possible states of nature: 5₁, 5₂, and…
A: Find the Given details below: Given details: Prior Probabilities P(s1) 0.5 P(s2) 0.3…
Q: 2. Seasonality Index table Period Year Seasonality Index (SI) 2021-period 1 2021-period 2…
A: Since the first question is incomplete we have answered the second question with the available data…
Q: Solve the following payoff matrix to find the best strategies and the value of the game: (Use the…
A: A payout matrix is a table wherein the one player's tactics are written in rows, and then the other…
Q: What is the total cost of meeting customer requirements each day? Total cost
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: c) Jay Calahi is to supply gravel for projects located in three different sites. He has three…
A: Find the Given details below: Given details: Cost per Truckload (p) From/To A B C…
Q: 1. Which tasks can be simultaneously started immediately with Task U? 2. What is the earliest finish…
A: A project schedule network diagram shows the sequence of the task that are performed to complete a…
Q: determine the number of orders per year
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: Company is an automobile replacement parts dealer in large metropolitan community. B company is…
A: A. Simulation techniques Simulation is a technique to solve problems related to decision-making by…
Q: Give examples of at least three different learning management systems so that people may compare and…
A: A learning management system can be defined as any software application that would provide a…
Q: QUESTION 29 Which of the following is not a "supply option" for sales & operations planning? A.…
A: Adjusting price:- Making the adjustments / changes in the pricing is not the task of the operations…
Q: What mathematical model is appropriate for decision-making? a. Graphical representation b. Normal…
A: (a) Graphical representation is the values displayed in the form of charts and graphs. It shows the…
Q: 470 q 16 a speculative stock possessees a _________ probability of _________ return and is…
A: The risk and return of an asset are interrelated. An asset on an efficient frontier shall have…
Q: 6. Assume the following process is used in production of a product. The are 3 workers in this…
A: Given data: Task A = 3 min/unitTask B = 6 min/unitTask C = 1 min/unit
Q: c) Jay Calahi is to supply gravel for projects located in three different sites. He has three…
A: Find the Given details below: Given details: Cost per Truckload (p) From/To A B C…
Q: Cite a company who offered consultancy services for the small business here in the Philippines.…
A: Here, the question has been asked to discuss the profile of a company in the Philippines, whereas…
Q: 1. The working system in a hospital is divided into 8 time periods, each of which is 3 hours, as in…
A: Formulate a spreadsheet as shown below to compute the minimum number of doctors while satisfying the…
Q: what is the difference between Quality Assurance and Quality Control
A: Both the quality assurance and quality control are significant parts of the quality management…
Q: ned to work in HR p rill focus firstly on C
A: 1) Three suitable alternatives (1) Buyouts and Retirements (2) Outsourcing (3) Changed…
Q: A plastic company operates 300 days a year. It produces and supplies 300,000 plastic caps for soft…
A: Here, given the total number of days=300 days, the annual demand=300000 plastic caps, the daily…
Q: Determine the optimum location for the new plant such that the distance move is minimum (use Simple…
A:
Q: What exactly is meant by the term "Service Process Structuring"
A: The term service process structuring is determined by understanding the degree of customers…
Q: What are three different options that may be used to approach a project, taking into account the…
A: A decision tree is a powerful tool that can be used to analyze a problem and find the best course of…
Q: (3) What are the basic steps in risk management? Briefly describe each.
A: Every company, no matter how big or small needs to manage risk. Managing risk allows a company to…
Q: scheduling calving in Australian dairy production systems, and where are they dominant in the…
A: Dairy Australia aims to improve farm business acumen and empower farmers to make better choices that…
Q: Eggs in the poultry farm Dresses in a ready-to-wear shop Fresh fruits in a market stall Chairs in a…
A: An inventory is a list of all the items in a specific location. The term is often used in business…
Q: transportation experts
A: Freight theft strategies are developing From food and refreshments to very good quality gadgets,…
Q: Develop a network representation of this problem. Develop a linear programming model that can be…
A: Linear programming is a mathematical technique that is also used in operations management…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Custom Computers, Inc. assembles custom home computersystems. Th e heat sinks needed are bought for $12 each and areordered in quantities of 1300 units. Annual demand is 5200 heatsinks, the annual inventory holding cost rate is $3 per unit, andthe cost to place an order is estimated to be $50. Calculate thefollowing:(a) Average inventory level(b) Th e number of orders placed per year(c) Th e total annual inventory holding cost(d) Th e total annual ordering cost(e) Th e total annual costTacky Souvenirs sells lovely handmade tablecloths at its islandstore. These tablecloths cost Tacky $15 each. Customers wantto buy the tablecloths at a rate of 240 per week. The companyoperates 52 weeks per year. Tacky, the owner, estimates hisordering cost at $50. Annual holding costs are 20 percent of theunit cost. Lead time is 2 weeks. Using the information given,(a) Calculate the economic order quantity.(b) Calculate the total annual costs using the EOQ.(c) Determine the reorder point.
- Dave's Sporting Goods sells Mountain Mouse freeze-dried meals. Dave's uses a continuous review system to manage meal inventories. Suppose Mountain Mouse offers the following volume discounts to its customers: 1−950 meals: $6.50 per meal 951 or more meals: $4.50 per meal. Annual demand is 2,900 meals, and the cost to place an order is $23. Suppose the holding cost is $1.50 per meal per year. How many meals should Dave's order at a time? Part 2 Dave's Sporting Goods should order ______ meals at a time to take advantage of the lower cost per unit. (Enter your response rounded to the nearest whole number.)Rafiki Bar uses 10,000 cases of millet beer monthly. One case costs Shs.5,000. Holding cost is 30% of the cost of a case p.a while ordering cost is Shs.100,000 per order. The firm works 360 days in a year while lead time is 6 days. Required: ii. Determine the days between orders and the reorder point iii. Determine the total cost of the inventory policy iv. Suppose actual holding cost turns out to be 15% instead of 30% and the inventory policy above is implemented for a year, determine the cost of prediction error if every other parameter estimate turns out as predicted.Rapallo Sneakers, Inc. sells a pair of LG sneakers for $42. Due to the recent fitness craze, these shoes are in high demand: 52 pairs of shoes are sold per week. The ordering cost is $42 per order, and the annual holding cost is 25 percent of the selling price. If the store operates 48 weeks a year, what can you say about the size of the current order quantity of 225 pairs?
- Sharp, Inc., a company that markets painless hypodermic needles to hospitals, would like to reduce its inventory cost by determining the optimal number of hypodermic needles to obtain per order. The annual demand is 1,000 units; the setup or ordering cost is $10 per order; and the holding cost per unit per year is $.50. If D increases to 1,200 units, what is the new Q *? If Sharp has a 250 day working year, find out what is the number of Orders (N) What is the expected time between orders What is the total cost? 2. Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 10% of the items in inventory are A items, 35% are B items, and 55% are C items. She would like to set up a system in which all A items are counted monthly (every 20 working days), all B items are counted quarterly (every 60 working days), and all C items are…If annual sales for your product are 715, and the holding cost per unit is $5, and the cost to place an order is $350, then: 1. Calculate the EOQ, and round it to 2 decimal places. 2. Calculate the ordering and holding costs, per year, if you use the EOQ. What is the Sum of Ordering and Holding costs (rounded to nearest dollar)?Items purchased from a vendor cost $250 each, and the forecast for next year’s demand is 2,000 units. The optimal order size is 100. The firm operates 52 weeks next year and lead time is 3 weeks. It costs $5 every time an order is placed for more units, and the storage cost is $4 per unit per year. What is the total storage (holding) cost for a year? a.500 b,100 c.300 d.250 e.200
- Emery Pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Emery uses 200 pounds per month of the chemical, estimates the holding cost to be £3.33 (because of spoilage), and estimates order costs to be £10 per order. What quantity should be ordered, and which supplier should be used? Discuss factor(s) should be considered besides total cost.Given a basic EOQ model in which holding cost is $7.50 per unit per month, demand is 25 units per month, and ordering cost is $15.00 per order, determine the EOQ. a. 200 b. 100 c. 50 d. 10My Kitchen Delights (MKD), a regional producer ofgourmet jams and jellies, uses approximately 24,000 glass jarseach month during its production. Because of space limitations,MKD orders 5000 jars at a time. Monthly holding cost is $0.08 perjar, and the ordering cost is $60 per order. Th e company operates20 days per month.(a) What penalty cost is the company incurring by its presentreplenishment policy?(b) MKD would prefer to order eight times each month butneeds to justify any change in order size. How muchwould ordering cost need to be reduced to justify a lot sizeof 3000 jars?(c) If MKD can reduce its ordering cost to $30, what is theoptimal replenishment order quantity?