a) What is the economic production quantity? 690.88 units (round your response to two decimal places). b) How many production runs per year will be made? 18.38 production runs (round your response to two decimal places). c) What will be the maximum inventory level? 569.86 units (round your response to two decimal places).
Q: We have demand for a product with 1500 units/ month. The vendor offers quantity discounted method…
A: Annual demand (D) = 1500×12=18000 Units Order cost (S) = $10 + $3 = $13 per order Warehouse rent fee…
Q: For the data set Download data set, perform exponential smoothing with alpha = 0.1 to determine the…
A: Given the data stated below, for this dataset, I would perform the exponential smoothing forecast,…
Q: What are the ways used by an organization to manage conflict in the channel of distribution in…
A: 1. Establish a minimum advertised priceSince a significant number of channel conflicts emerge due to…
Q: 11.3. A commuter airline overbooks all of its flights by one passenger (i.e., the ticket agent will…
A: Critical fractile = Cu / (Cu + Co) Cu = Cost of underbooking = $20 Co = Cost of overbooking
Q: The table below shows the sales figures for a brand of shoe over the last 12 months. Months Sales…
A: Given that, Alpha = 0.6 Alpha 0.6 Month Sales January 69 February 75 March 86 April 92…
Q: ABC INVENTORY CLASSIFICATION A company trades with a number of items and the management is…
A: A' items – items account for 85% of the annual consumption value of the items (asked 82% so taken up…
Q: The university administration wants to ensure that all 1,200 students are able to submit their files…
A: The mean number of things together in a system, the average pace at which new items are added, and,…
Q: A project for improving a billing process has the following precedence relationships and activity…
A: Find the Given details below: Activity Immediate Predecessors Activity time(Weeks) A - 4 B -…
Q: Briefly explain what are the roles of cGMP in the Quality Control (QC) unit in the pharmaceutical…
A: The Food and Drug Administration has established Current Good Manufacturing Practice guidelines,…
Q: Setting an advertising budget is a forecasting exercise. What are the fundamental principles that…
A: Reviews that are thorough and meta-analyses Because they are founded on the findings of several…
Q: Why is the capacity design important?
A: The resources include things like people, technology, and resources. It displays the firm's utmost…
Q: What is the probability that the boat dock will be idle? (b) What is the average number of boats…
A: Queueing theory is a branch of mathematics that studies the behavior of queues. Queueing theory…
Q: what the norms a negotiator might use to justify a position
A: People take positions and express their interests during negotiations. A party's specific demands at…
Q: Compute the labor time required to produce 8 and 16 units. b. Assume that labor time costs $125 per…
A: In operations management, the learning rate is used to measure the efficiency of inventory…
Q: What does the arrival rate need to be for Bobby to be busy 85 percent of the time?
A: Given, Idle % = 50% Percentage of utilization ρ = 100 - 50 = 50% Arrival time λ = 1 in 50 min =…
Q: Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies…
A: Given, Annual demand D = 36100 disks Order cost S = $25 Holding cost = I * Purchase price =…
Q: Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in…
A: Find the Calculations below: Total cost = (Fixed cost + (Number of units * Variable Cost)) Cost…
Q: Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field…
A: Economic order quantity is the ideal quality that company orders to meet the customers' demand…
Q: A production manager at a pottery factory has noticed that about 70 percent of defects result from…
A: a. histogram:- Histogram is similar to the bar graph. The histogram shows the data in a simpler form…
Q: Which of the measure(s) of central location can be used for both numerical and categorical…
A: The value that appears the most frequently in a data collection when it is unique is known as the…
Q: 12-2. What would efficient reverse management imply for the pricing of the Cowboys Stadium parking…
A: Reverse management refers to the processes involved in the recycling of items and their components…
Q: QUESTION 2 1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open…
A: a) i) Total Cost (Location A) = 60000+30x Total Cost (Location B) = 80000+20x Total Cost (Location…
Q: What is the best EC security strategy for my company?
A: The strategies that companies want to employ to market or promote their digital store and increase…
Q: Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply…
A: There is no other way to do this problem except using Solver in Excel. The arrangement of the…
Q: You have several tables here. What is the final 3×3 table solution that is asked for in the proem?
A: Working notes: There are two weather condition given i.e. near freezing tempratture and deep…
Q: The fourth and final phase of the project life cycle.…
A: In project management, the project lifecycle delivers predictability & provides the manager a…
Q: Determine whether the following is a feasible sales and operations plan. Assume that the company has…
A: Given, Available labor hours = 56000 hours
Q: Which of the following is NOT an element of marketing mix? (a) distribution (b) product (c) pricing…
A: Explanation : Target market is not an element of marketing mix. A target market refers to the group…
Q: How does the insurance grievance redressal mechanism works in your country ?
A: Insurance Grievance Redressal Mechanism :Having a complaint or a grievance with the insurance…
Q: What is supplier management in operation management ?
A: Introduction : The practice of managing and improving communications with an organization's vendors…
Q: 2. CH 10: The table below includes the time (in minutes) that it took a worker to complete a single…
A: Ans) Average time = Sum(time)/6 = 15/6 = 2.5 minutes Normal Time = Average Time*(1+% of time…
Q: How can I effectively collect the necessary information to write a comprehensive operations manual?
A: An operations manual is a document that consists of standard operating procedures and rules and…
Q: Amelio Rodriguez Computing wants to establish an assembly line for producing a new product, the…
A: Given data: (Task) Time in - (sec) Immediate - (predecessor) A 12 - B 14 A C 8 A D 5 B, C…
Q: Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a…
A: Find the Calculation methods below: Total Weighted Score = ∑ (Weight * Site Scores) Part-a…
Q: In an M/M/1 queueing system, the arrival rate is 8 customers per hour and the service rate is 11…
A: Given, Arrival rate λ = 6 / hour Service rate μ = 8 / hour (1) Probably that server will be idle P…
Q: a) Identify the critical path. b) What is the expected time to complete the project? c)…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Organisations use projects as a primary method to reach organisational strategic goals. A variety of…
A: One of the most established and common forms of IT management is the use of steering teams and…
Q: Kaplan, Inc. produces flash drives for computers, which it sells for $20 each. The variable cost to…
A: Kaplan, Inc. produces flash drives for computers, which it sells for $20 each. The variable cost to…
Q: A call center manager wants to track the number of mistakes that her staff makes on a daily basis.…
A: Given: Monday = 12 Tuesday = 20 Wednesday= 8 Thursday = 10 Friday = 18
Q: A company trades with a number of items and the management is interested in classifying the items…
A: Find the Calculation methods below: Step 1: Find annual usage: (Annual demand * Unitary cost) Step…
Q: UCLc= _______ (round your response to two decimal places). LCLc= _______ (round your response…
A: Control charts are also known as process-behaviour charts. It is a statistical process that helps in…
Q: 2. Find the initial basic feasible solution of the following Transportation Problem by NWCR. The…
A: The northwest corner method is a problem-solving technique that is used in operations management.…
Q: Formulate a chase sales and operations plan for a company with the following predicted demand:…
A: Chase plan means demand is met every period. This further means that there is not stockout and that…
Q: Activities' estimated duration and the time intervals at which the actual progress is analyzed…
A: An activity's estimated duration can be defined as the approximated time that will be taken by a…
Q: When grouping by time, a user can only select one time unit. O True False
A: In excel, the data can be grouped in a different manner. Grouping the data by time is done in…
Q: According to the EOQ and increase in interest rates would tend to....? A: increase the number of…
A: Here, I want to increase the Interest rate, The yearly carrying cost for each unit is =The cost…
Q: Given that we are on Day 30 and the following data, what task should receive the highest priority?…
A: Critical ratio is the proportion between total time remaining and total job remaining. Considering…
Q: Which of the following is likely to be data rather than information? a. Top 3 suppliers with the…
A: Data: Data is a collection of unprocessed, raw facts and information, such as text, observations,…
Q: Planning for quality is necessary but often forgotten or dismissed function on a project. Discuss…
A: A project quality plan is a set of documented standards or procedures that are followed during a…
Q: Auto pistons at Wemming Chung's plant in Shanghai are produced in a forging process, and the…
A: Find the Calculation methods: X (Mean) Double bar = Average of mean (x) R (Range) bar = Average…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $2.00 per item per year, and ordering costs are $30.00 per order. Part 2 a) What is the economic production quantity? _________ units (round your response to two decimal places). Part 3 b) How many production runs per year will be made? _________ production runs (round your response to two decimal places). Part 4 c) What will be the maximum inventory level? _______ units (round your response to two decimal places). Part 5 d) What percentage of time will the facility be producing components? _________% (enter your response as a percentage rounded to two decimal places). Part 6 e) What is the annual cost of ordering and holding inventory? $_________ (round your response to two decimal places).A billiard ball maker must place orders for resin, a raw material for billiard balls. It uses resin at a rate of 120 kilograms each day, and incurs a cost of $0.4 per kilogram per day to hold inventory. The ordering cost is $150 per order. Lead time for delivery is 4 days. Assume 365 day in a year.What is the optimal length of the order cycle associated with the minimum total cost of ordering and inventory holding? [Round your final number with two decimals] 0.13 days 1.10 days 2.50 days 47.76 days None of the above PLEASE SHOW CALCULATIONS NOT JUST ANSWER
- Enrun Corporation expects to order 140,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $300 per order; the purchase price per chip is $20; and the firm’s inventory carrying costs is equal to 20 percent of the purchase price. (Assume a 360-day year.) What is the economic ordering quantity for chips? If Enrun holds a safety stock equal to a 30-day supply of chips, what is its average inventory level? Assume that Enrun holds a safety stock equal to a 30-day supply of chips. What is the maximum amount of inventory that Enrun will have on hand at any time, that is, what will be the inventory level right after a delivery is made?Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $3 per item per year, and ordering costs are $31 per order. a) What is the economic production quantity?units (round your response to two decimal places).I need answers A company uses on an average 216 parts a day with a standard deviation of 16 parts per day in a manufacturing process. Cost of placing and receiving an ordering is BDT 40,000. Estimated monthly carrying cost is BDT 90 per part. Orders are delivered approximately 7 days after being placed. The delivery time is normal with a mean of 7 days and a standard deviation of 2 days. The company is open 360 days per year. Find the order quantity that is economical. If the Company takes 3% stock out risk, then find safety stock (SS) quantity and Re-Order Point? 3.If the supplier offers a discount of BDT 8 per circuit board for purchasing of 4000 boards at a time, then financially evaluate and justify whether the company will go with the offer or not? 4.The person who orders the boards follows this rule: Order when the amount on…
- 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 $2 per unit per year. What is the total ordering cost for a year? a.100 b.50 c.250 d.500 e.300Please do not give solution in image formate thanku Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5,900 units per year. The cost of each unit is $98, and the inventory carrying cost is $11 per unit per year. The average ordering cost is $31 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 118 units. (This is a corporate operation, and there are 250 working days per year). A) What is the EOQ?B) What is the average inventory if the EOQ is used?C) What is the optimal number of orders per year?D) What is the optimal number of days in between any two orders?E) What is the annual cost of ordering and holding inventory?F) What is the total annual inventory cost, including cost of the 6,100 units?Thomas Kratzer is the purchasing manager for theheadquarters of a large insurance company chain with a centralinventory operation. Thomas’s fastest-moving inventory item hasa demand of 6,000 units per year. The cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. The aver-age ordering cost is $30 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f ) What is the total annual inventory cost, including the cost ofthe 6,000 units?
- Assume that JAO, Inc., a manufacturer of electronic test equipment, uses 14,400 units of an item annually. Its order cost is P500 per order, and the carrying cost is P10 per unit per year. It requires 10 days to place and receive an order. 1. The ordering costs is 5,696 4,026 6,000 4,8002. The inventory costs is 6,000 12,000 9,600 8,052PLEASE MAKE IT IN EXCEL AND SHOW THE FORMULAS Talavartería El Cairo, S.A., is trying to improve its inventory control system and has installed an on-line computer in its retail stores. Cairo anticipates an annual consumption of 68,000 units per year, a cost per order of $40, and holding costs of $1.80 per unit. What is the CEP and total inventory holding cost at that level?Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,200 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $51. The cost of each light is $1.00. The holding cost is $0.15 per light per year. d. What is the total cost per year, including the cost of the lights? (round your response to two decimal places).