A. An example of an inventory carrying cost is: a. Ordering or setup cost b. Warehousing variable expenses c. Warehousing fixed expenses d. Item cost
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A. An example of an inventory carrying cost is:
B. A “pull” production system is:
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- (2-b) A firm's demand in the next four quarters is forecast to be 400, 600, 800, and 700 units. Given that beginning inventory is 600, desired ending inventory in quarter 4 is 300, inventory holding cost is $6 per unit per quarter, and production cost is $50 per unit, calculate the cost of a level production plan.Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 125 units. The following is the BOM in indented form: ITEM DESCRIPTION USAGE X Bracket assembly 1 A Wall board 4 B Hanger subassembly 2 D Hanger casting 4 E Ceramic knob 1 C Rivet head screw 3 F Metal tong 4 G Plastic cap 2 Below is a table indicating current inventory levels: Item X A B C D E F G Inventory 22 15 75 24 202 139 1,000 95 What are the Net Requirements for X, A, B, and C respectively?Op2. If a company "A" has an Inventory Turnover of 6.20 times while their competitor Company "B" has an Inventory Turnover of 4.54 times this suggests that company "A" does a better job of managing their inventory. True or false
- List the system of inequalities which describe B in the graph below.ECON1003 Mathematics for Social Sciences Unit 3_Version 1 Page 33 6. Anya’s Jeans has production process organized in threedistinct stages: cutting; sewing and finishing. She produces threetypes of jeans, namely peddle-pushers, hipsters and low cuts. Thenumber of minutes each type requires in each production processin shown below.Type Cutting Sewing FinishingPeddle-Pusher 4 6 2Hipster 6 7 4Low Rider 9 3 6On average, there are 6400 minutes of cutting time, 3500 minutes ofsewing time and 2400 minutes of finishing time each day. Given thatthe company makes $10 profit on each peddle-pusher $ 50 on eachhipster and $60 on each low cut and that the company sells all thejeans made. List the system of inequalities for the cutting, sewingand finishing constraints.Pls send me solution fast within 10 min and i will rate instantly for sure!! Solution must be in typed form!! The demand of product A varies with the price as guided by the following equation. Demand = -1.5 * price + 25 Moreover, the sale of product A leads to the sale of another product B of the same company. Additional data is given below: The unit cost of A = Rs 3 Number of units of B with one A = 20 Profit from the sale of one unit of B = Rs 0.85 Develop an Operations Research-based optimization model for the pricing of A to maximize total profit earned and find the optimal price.A busness is aunchng a new product. The aunch wil require a number of related actvties as follows hre (7 weeks) select an advertising agency (2 weeks), plan an advertising campaign wth the agency (4 weeks),products from the manufacturer (13 weeks) select distributors for the product (9 weeks), take initial orders fromoperation (12 weeks), pack enough products for the launch stock (8 weeks), order the launch quantty ofthe distrbutors (3 weeks), dispatch the initial orders to the distrbutors (2 weeks). (a) What is the earest timeconduct the advertsing campaign (10 weeks), design the packaging of the product (4 weeks), set up packinga sales manager (5 weeks), requre the sales manager to recruit saes peope (4 weeks), tran the sales people that the new product can be ntroduced to the market? (b) If the company hre traned salesmen who do notneed further training, coud the product be introduced 7 weeks earler? (c) How long could one delay selectngthe advertising agency? In the example above,…
- Waldo sells pre-packaged lunches to construction workers at a Peachtree Street construction site near the Georgia Tech campus. The pre-packed lunches include hand crafted sandwiches (made by Waldo's significant other), chips, and a piece of fruit. In total, product costs for Waldo are $3.50/lunch and he sells the product for $10.00 to his construction worker clientele. Ignore sales tax, Waldo doesn’t pay it anyway. When Waldo runs out of product, he simply takes orders from his remaining customers, walks two blocks to the Varsity Drive In, and buys the exact amount of product needed to fill the orders. Waldo charges each customer exactly $2.00 more per product than his costs, which will be variable based on the exact food orders placed by the individual workers. Waldo only provides this "courier" service if he runs out of his own product and performs the service to maintain goodwill with his customers. If instead of being under, Waldo is over on product, he sells his unsold lunches to…A company wants to develop a level production plan for a family of products. Theopening inventory is 500 units, and a decrease to 250 units is expected by the end ofthe plan. The demand for each of the months is given in what follows. How muchshould the company produce each month? What will be the ending inventory in eachmonth? Do you see any problems with the plan?Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $30 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment. a) What is the inventory turnover? b) How many weeks of supply does the firm hold?
- Your Corporation manufactures four products that use the same raw material and production machine. Your Company is experiencing a shortage of pounds of the raw material. Information related to the four products are shown below. Products A B C D Selling price $40 $32 $35 $65 Variable cots $34 $22 $27 50 Machine hours per unit 6 8 5 7 Pounds per unit 18 20 28 38 To maximize profit next month, in what order would it be best to schedule production (first to last)? a. A, B, C, D b. A, D, B, C c. B, D, A, C d. D, A, C, BIf the actual cost for a WBS item is $ 9000, and its earned value is $ 6000, what is its cost variance,and is it under or over budget? The cost variance is - $ 3000, which is over budget. The cost variance is - $ 3000, which is under budget. The cost variance is $ 3000, which is under budget. The cost variance is $ 3000, which is over budget.Hello. I need help with this Order-up-to policy question for homework. I'm stuck! You play a Retailer in the Beer Game. You receive orders directly from the Customer and place orders with the Wholesaler. When you place an order, it takes 2 weeks for the order to be received by the Wholesaler and 2 weeks for the shipment from the Wholesaler to arrive to your warehouse. One period is one week in the game. You are charged $0.5 for each unit of inventory per week, and $1.00 for each unit of backlog per week. It has been estimated that the Customer weekly demand follows a normal distribution with a mean 50,000 cases and a standard deviation 10,000 cases. What should be the order-up-to level to minimize holding and backorder costs? What safety stock should you keep? Assume that the Wholesaler keeps enough inventory to cover your demand and delivers the beer after the lead time with no uncertainty.