Explain the impact of ignoring carrying cost on the stock size in DRP process ?
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Q: Describe the impact of ignoring carrying cost on the stock size in DRP process
A: To be determined:The impact of ignoring carrying cost on the stock size in DRP process
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Explain the impact of ignoring carrying cost on the stock size in DRP process ?
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- Describe the impact of ignoring carrying cost on the stock size in DRP process ?Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years. Group of answer choices N*=3 times per year, T* cannot be calculated N*=0.33 times per year, T*= 0.33 weeks N*=17.3 times per year, T*= 3 years N*=3 times per year, T*= 0.33 years N*=3 times per year, T*= 3 yearsDevelop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 30 60 30 20 70 60 *Holding cost=$3.50/unit/week; setup cost=$150; lead time=1 week; beginning inventory=40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 30 60 30 20 70 60 Scheduled receipt Projected On-hand 40 enter your response here enter your response here enter your response here enter your response here enter your response here enter your response here…
- Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 *Holding cost =$ 2.50/unit/week; setup cost =$ 150; lead time =1 week; beginning inventory =40. What is the average demand per week? with 2 decimal places): Calculate Economic Order Quantity (EOQ) Develop a EOQ solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 Scheduled receipt…For Question 1 you are required to mannualy (without the use of excel) develop two MRP matrices: one with no lot sizing (you order what is required) and a lot seize equal to the EOQ. To determine the EOQ note that the inventory carrying cost is given as R1/unit/period. This means that you have to calculate the average demand per period and use this demand value in your EOQ calculation. This is then the order quantity to be used for the second MRP matrix.Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 30 10 70 50 *Holding cost =$ 3.50/unit/week; setup cost =$ 200; lead time =1 week; beginning inventory =40. Develop a lot-for-lot solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 30 30 40 70 30 10 70 50 On-hand at beginning of period 40 On-hand at end of period…
- A initially assume that Phi wants to minimize his inventory requirements. Assume that each order will be only for what is required for a single period. Calculate the net requirements and planned order releases for the gear boxes and input shafts. Assume that lot sizing is done using a lot-for-lot (L4L). Gear box requirements Week 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements Scheduled receipts Projected available balance Net requirements Planned order receipt Planned order release Input shaft requirements Week 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements Scheduled receipts Projected available balance Net requirements Planned order receipt Planned order releaseFor the current year, Naranda & Associates has projected sales of 72,000 barrels, a cost per order of $60.00 and holding costs of $24.00 per barrel. What will be the economic order quantity and what will be the average inventory?Meet Matt. Matt runs a men’s clothing line. Matt needs to buy 12,000 shirts per year to fulfil demand (D). He incurs a setup cost of P100 (S) and a holding fee (H) of P16 per shirt. He needs to know his EOQ.
- What factors can create safety stock requirements in an MRP system?PT Bulan Sabit is a company engaged in fan manufacturingair conditioner with the following production datai. Setup fee = $15ii. Inventory cost per fan per year = $ 125iii. Production capacity per day = 246 fansiv. Production time per fan = 2 daysv. Fan requirement per year = 20,000 fansvi. Safety stock = 1/2 day fan productionIf PT Bulan Sabit wants to implement Kanban, then calculate the needs of the companyas follows:a) Explain the definition and purpose of kanban b) Specify production order quantity c) Calculate the container kanban that must be provided by PT Bulan Sabit Assuming the time used is per year 50 weeks and 5 days per weekWhat is aggregate inventory management? With what is it concerned