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- National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month periodwere as follows:Month Sales (000 units)Feb. 19Mar. 18Apr. 15May 20Jun. 18Jul. 22Aug. 20a. Plot the monthly data on a sheet of graph paperYou have 10 identical cartons each holding 10 water bottles. All bottles weigh 10 oz. each, except for one defective carton in which each of the 10 bottles weighs on 9 oz. only. A scale is available for weighing. (a) Suggest a method for locating the defective carton. *(b) What is the smallest number of times the scale is used that guarantees finding the defective carton? (Hint: You will need to be creative in deciding what to weigh.)The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility. Transcribed Image Text: Item Unit Cost Usage Item Unit Cost Usage K34 $10 200 F99 20 60 K35 25 600 D45 10 550 K36 36 150 D48 12 90 M10 16 25 D52 15 110 M20 20 40 08 200 D57 120 245 80 NO8 30 40 F14 20 300 PO5 16 500 F95 30 800 P09 10 30 a-Develop an A-B-C classification for these items. b-Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage. c- Determine the percentage of items in each category and the annual dollar value for each category for part b.
- You are the president of XYZ Manufacturing company. You have recently learned about the following issue: A month ago, the company’s general manager (GM) told one of the line managers to produce an extra 15,000 units of a product so that there would be inventory in stock for the next time the item is ordered. Last week, the GM scolded the line manager for having 15,000 units of the item in stock. The GM told the line manager that producing excess inventory costs the company money and should never be done. The GM then puts the line manager on a performance plan. This is not the first time you have heard about the GM telling an employee to do one thing only to criticize him or her for doing it later. This employee feels very frustrated by this, but does not want to make a formal complaint because she has seen other employees lose their jobs or get demoted for questioning the GM. Create an outline that proposes a leadership solution to this issue. The outline should address the following:…Part A – Fill in the blanks Shape of the distribution is sharper peak then bell shaped if value of kurtosis is _____________________ If the value of the skewness is negative then shape of the distribution is _____________________ Normal Standard distribution is when μ = ________ , σ =___________ P(Z > - 2.37) = _____________ P( B / A ) = _____________ If three balls are selected from a box of nine balls with replacement without order then If 7 coins are tossed, then In normal distribution 65% data lies between ___________ to _____________ Changing the value of ____________ shifts the normal distributin left or right.Muscle Bound is a chain of fitness stores located in many large shopping centers. Recently, an internal memo from the CEO to all operations personnel complained about the budget overruns at Muscle Bound’s central warehouse. In particular, she said that inventories were too high and that the budget will be cut dramatically and proportionately equal for all items in stock. Consequently, warehouse management set up a pilot study to see what effect the budget cuts would have on customer service.They chose 5-pound barbells, which are a high volume SKU and consume considerable warehouse space. Daily demand for the barbells is 1,000 units, with a standard deviation of 150 units. Ordering costs are $40 per order. Holding costs are $2/unit/year. The supplier is located in the Philippines; consequently, the lead time is 35 days with a standard deviation of 5 days. Muscle Bound stores operate 313 days a year (no Sundays). Suppose that the barbells are allocated a budget of $16,000 fortotal annual…
- Muscle Bound is a chain of fitness stores located in many large shopping centers. Recently, an internal memo from the CEO to all operations personnel complained about the budget overruns at Muscle Bound’s central warehouse. In particular, she said that inventories were too high and that the budget will be cut dramatically and proportionately equal for all items in stock.Consequently, warehouse management set up a pilot study to see what effect the budget cuts would have on customer service. They chose 5-pound barbells, which are a high volume SKU and consume considerable warehouse space. Daily demand for the barbells is 1,000 units, with a standard deviation of 150 units. Ordering costs are $40 per order. Holding costs are $2/unit/year. The supplier is located in the Philippines; consequently, the lead time is 35 days with a standard deviation of 5 days. Muscle Bound stores operate 313 days a year (no Sundays). Suppose that the barbells are allocated a budget of $16,000 for total…15.________ is financial capacity of an individual to buy what he/she wants. a. Wants. b. Needs. c. None of these options. d. Demands.Your company makes hand sanitizer in two lines: Moisturizing+, and StandardSoap. On the market, Moisturizing+ retails for $175/L and StandardSoap retails for $95/L. You make the hand sanitizer by combining lotion, soap, and secret ingredient SpecialX. These ingredients are purchased from a mysterious supplier, and you can purchase at most 4000L of lotion, 5000L of soap, and 750L of SpecialX in a month. Lotion costs $25/L, soap costs $10/L, and SpecialX costs $35/L. To make 1L of Moisturizing+, you need to combine 0.5L of lotion, 0.3L of soap, and 0.2L of SpecialX. To make 1L of StandardSoap, you need to combine 0.4L of lotion, 0.55L of soap, and 0.05L of SpecialX. Your company has committed to donating 500L of StandardSoap to a local charity. Since this is a donation, you will not receive any revenue. However, the costs and purchasing limits apply to both the hand sanitizer that is sold on the market and donated to charity. You want to maximize your monthly profit. Assume that…
- A regional distributor purchases discontinued appliances from various suppliers andthen sells them on demand to retailers in the region. The distributor operates 5 daysper week, 52 weeks per year. Only when it is open for business can orders bereceived. The following data are estimated for the mixer:Average daily demand (d) = 100 mixersStandard deviation of daily demand (d) = 30 mixersLead time (L) = 3 daysHolding cost (H) = $9.40/unit/yearOrdering cost (S) = $35/order 4 Cycle-service level = 92 percentSuppose that a periodic review (P) system is used at the distributor.a) Calculate the P (in workdays, rounded to the nearest day) that givesapproximately the same number of orders per year as the EOQ.b) It is time to review the item. On-hand inventory is 40 mixers; receipt of 440mixers is scheduled, and no backorders exist. How much should bereordered?c) What is the target inventory level, T?d) What is the total annual cost of the P system?Mr. Hossen Mia is a head of Admin of “XYZ hospital”. He invested 10 lacs taka to digitalize his whole hospital with an intention to enhance his operational excellence and decision support systems. However, he noticed some major inconsistency when he asked for a list of all the patients of his hospital. He found duplication problem in that report and discovered that few patients have multiple profiles with different doctors. He also discovered that his new system is unable to search for duplicates as new patients are added. He also found that many of his patient data is incomplete. Without all the appropriate fields, records are useless for doctors. Doctors are worried because if a patient record list omits things like preexisting conditions or allergies, it’s not only incomplete but could impact patients care. Doctors and nurses of his hospitals also complained about data inaccuracies. Errors might have occurred in the original set-up (i.e., misspelled names or the data may not have…Mr. Hossen Mia is a head of Admin of “XYZ hospital”. He invested 10 lacs taka to digitalize his whole hospital with an intention to enhance his operational excellence and decision support systems. However, he noticed some major inconsistency when he asked for a list of all the patients of his hospital. He found duplication problem in that report and discovered that few patients have multiple profiles with different doctors. He also discovered that his new system is unable to search for duplicates as new patients are added. He also found that many of his patient data is incomplete. Without all the appropriate fields, records are useless for doctors. Doctors are worried because if a patient record list omits things like preexisting conditions or allergies, it’s not only incomplete but could impact patients care. Doctors and nurses of his hospitals also complained about data inaccuracies. Errors might have occurred in the original set-up (i.e., misspelled names or the data may not have…