Additional problem 12-1 (Algo) With a 0.02 percent chance of a stockout, what is the z-value to use in calculating safety stock? (Round your answer to two decimal points.) Use Table B.2 Resulting Z-Value
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- You are completing your audit of LTC Ltd, an importer of cell phones from Taiwan. Total sales this year were $54,000,000. The results of your audit work on inventory are summarized in the following table: Description # of SKU’s $ Value Population 120 $5,200,000 Sample 30 $2,080,000 Errors found 5 $177,000 Required Using the monetary unit method, calculate the projected inventory error, and, assess it against materiality.Saché, Incorporated, expects to sell 2,030 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 1,450 suits and a safety stock of 290 suits. Once an order is placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order? multiple choice Monday Tuesday Wednesday Thursday Friday Saturday Sunday1 Annual Demand (D) = 168,000 cases Daily Demand (d) = 380 cases COGS (C) = {c} cases Sd (Standard Deviation of Daily Demand) = 11 cases Stotal =550 cases Logistics Service Level = 93.32 % Lead Time =5 days What is the Safety Stock level at Logistics Service Level of the Golden Best ? What is the full ROP of the Golden Best at the Logistics Service Level ?
- Hello, I was wondering if anyone can help me out with calculating safety stock with the information given: Average Customer demand: 100 units, Standard deviation of customer demand: 10 units, supplier lead time: 9 days, desired service level (order fill rate): 98.5%, and Z score for 98.5%: 2,17.Using labelled scatter diagrams, explore the relationship between Quarter 1 projected revenue and that of Quarters 2, 3 and 4, pointing out any differences between them.Sweets Bakery makes fat-free cookies that cost $1.70 each to prepare. Sweets expects 20% of the cookies to be imperfect. Sweets wants a 40% markup on cost and produces 150 cookies. Assume that Sweets can sell the broken cookies for $1.60 each. What should Sweets charge for each cookie? (Round your answer to the nearest cent.)
- Explain what is meant by the expression “robustmodel.” Specifically, what would you tell a manager whoexclaimed, “Uh-oh, we’re in trouble! The calculated EOQis wrong; actual demand is 10% greater than estimated.”Which of the following is ‘data’? i. Number of items in inventory in the store were 3,000 ii. Value of items in the store was OMR 5,000 iii. Total items with value OMR 1,500 to OMR 3,000 were 500Question 5 Which pattern would you use in the following situation: you have a Product class which knows its own inventory. It should behave differently when it has inventory vs when it doesn't (e.g. a getPrice method returns "$5.99" or "Out of Stock"). Think about which class should be responsible for choosing the behavior in this case. 1) Strategy 2) Observer 3) State Question 8 MVC's big advantage is that you don't need to tie communications between a UI and a data model to a specific implementation. True / False?
- Problem 7 Lynne Chappell manages the inventory of supplies in a large hospital. To determine which items should be closely monitored, Lynne decided to use the ABC classification schemeto group the items on the basis of their value. Asthe following table shows, she took a random sample of20 items and recorded the annual usage and unit cost ofeach. How should each item be classified?Inventory Item Unit cost(in U.S.dollars) AnnualUsageP21 $80 800A12 $400 70K43 $50 100S54 $60 90C25 $50 130D76 $30 170E27 $20 200F38 $300 90H19 $520 120Q10 $10 100R82 $20 80G65 $80 70L71 $220 200M94 $70 80V45 $15 60T62 $30 180I17 $20 80W22 $300 90O37 $700 85N88 $5 100University of Florida football programs are printedI week prior to each home game. Attendance averages 90,000screaming and loyal Gators fans, of whom two-thirds usually buythe program, following a normal distri bution, for $4 each. Unsoldprograms are sent to a recycling center that pays only 10 cents perprogram. The standard deviation is 5,000 programs, and the costto print each program is $ 1.a) What is the cost of underestimating demand for each program?b) What is the overage cost per program?c) How many programs should be ordered per game?d) What is the stockout risk for this order size?Please do not give solution in image format thanku Lately, in order to stimulate demand for its Mexican routes, United Airways has decided to offer a special non-refundable, non-exchangeable, one-month advance-purchased ticket on its Chicago Cancun route for only $450 instead of the regular $650 round-trip fare. The DC-10 used by United Airways has a capacity of 150 passengers in tourist class. Past data analysis showed that the demand for full-fare tickets follow a normal distribution with mean of 60 and a standard deviation of 15. Calculate the number of full-fare seats to reserve.