Complete the MPS record below for an end item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.)Order Policy: 100 unitsLead Time: 2 weeksQuantityon Hand: 80Week12345678910Forecast2525354525204555Customer orders2530711(booked)Projected on-handinventoryMPS quantity

Answered: Complete the MPS record below for an…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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i was reading this answer and the way its calculated is a longer process then what someone else wrote can you check if ishould use this one that bartleby has given me or the other one: Step 1: Basic Information The question is related to Economic order quantiy Economic Order Quantity is that level of inventory at which ordering cost and handling cost are minimum. It is calculated with the help of following formula Economic Order Quantity = √2RO ÷ C R = Annual Requirment C = Carrying or Holding cost O = Ordering Cost Step 2: Solution Economic Order Quantity = √2RO ÷ C Economic Order Quantity = √2 × 3000 × 20 ÷ 4.25 Economic Order Quantity = √28,235.294117647 Economic Order Quantity = 168.0336100834 pounds R = Annual Requirment i.e.250 × 12 = 3000 pounds per annum. C = Carrying or Holding cost i.e. £4.25 O = Ordering Cost i.e. £20 Quantity to be ordered = 168.03 pounds. Supplier = Vendor 1 should be used as the cost per pound for 168 pounds is £32.25 (as per table…
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.
. CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p.m. andthe store closes at 8 p.m. It costs approximately $0.20 in materials and labor to make a bagel. The price of a fresh bagel is $0.60. Bagels not sold by the end of the previous day are sold the next day as “day old” bagels in bags of six for $0.99 a bag. About two-thirds of the day-old bagels are sold; the remainder are just thrown away. There are many bagel flavors, but for simplicity, concentrate just on the plain bagels. The store manager predicts that demand for plain bagels from 3 p.m. until closing is normally distributed with a mean of 54 and a standard deviation of 21. a. How many bagels should the store have at 3 p.m. to maximize the store’s expected profit (from sales between 3 p.m. and closing)? (Hint: Assume day-old bagels are sold for $0.99/6 = $0.165 each; that is, don’t worry about the fact that…
Complete the master production schedule based on the following information On-hand Inventory - 160 schedule production whenever projected on-hand inventory drops below - 30 MPS lot size - 300 Week 1 2 3 4 5 6 7 8Forecast 120 100 130 110 140 140 170 180 Customer Orders 110 100 75 50 32 11 5 0Projected On-Hand Inventory 160MPSAvailable-to-Promise
A’s lead time is 1 week; B’s lead time is 2 weeks; and C’s lead time is 2 weeks. This is true regardless of order size. Currently you have the following amounts in on-hand inventory; A = 50. a) How many units of B and C will I need to produce for A if I have an order for 100 units of A? b) Give me a time-phased assembly plan for A, B, and C such that I will receive 100 units of A at the beginning of Week 5. Assume that I can work on B and C at the same time (overlap).
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.
KGU company sells shoes whose daily demand is 100 units. The inventory holding cost is $2 per unit per year. The company also spends $20 per unit to process order. It takes 6 days from the time of reorder to the stocking of the inventory. The company keeps a safety stock that can cover twice the inventory. What is the ideal order quantity for KGU to purchase to minimize inventory costs? What is the ideal level of inventory at which KGU should pace a purchase order?
Jean-Ma rie Bourjolly's restau rant has the followinginventory items that it orders on a weekly basis: a) Which is the most expensive item, using annual dollar volume?b) Which are C items?c) What is the annual dollar volume for all 20 items?
Complete the MPS record below for a single item. (Enter your responses as integers. A response of "0" is equivalent to being not applicable.) Item: A Order Policy: 100 units Lead Time: 1 week January February Quantity on Hand: 80 Week 1 2 3 4 5 6 7 8 Forecast 65 70 65 45 50 45 45 55 Customer orders (booked) 40 10 90 0 35 75 0 0 Projected on-hand inventory nothing nothing nothing nothing nothing nothing nothing nothing MPS quantity nothing nothing nothing nothing nothing nothing nothing nothing MPS start nothing nothing nothing nothing nothing nothing nothing nothing
A product's demand in cach period follows a Normal distribution with mean of 50 and standard deviation of 6. The order up to level S is 225. Lead time is 3 periods. What is the Expected On hand Inventory? Show all formulas used. calculations and results. What is the stock out probability ? Show all formulas used, calculations and results.
Planning orders using a lot-for-lot (L4L) technique is commonly done because it is simpleand intuitive. It also helps to minimize holding costs as you are only ordering what isneeded when it is needed. So far it sounds like a good idea. Are there any disadvantagesto this approach?
The stock in the second bin in a two-bin system is equal to Select one: O a. 50% of the order quantity O b. Order quantity O c Lead time demand O d. Same as the first bin O e. None of the above

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