GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60. Calculate the annual economic order quantity from the information provided below.
Q: A manager is trying to decide to buy one machine or two. If only one is purchased and demand proves…
A: A manager has to decide on the number of machines to be purchased and when to be purchased. Here,…
Q: A manufacturer of precision machine parts produces shafts for use in the construction of drill…
A: The X-bar charts and the R charts are generally used to evaluate the stability of the process and…
Q: B/ solve the following linear programming problem using graphical method Min (z) = 300x₁+200x2 S.T.…
A: A graphical method of linear programming is used to find an optimal solution to a linear program.…
Q: The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000- seat arena that is home to the…
A: Given data:
Q: The manager of the Petroco Service Station wants to forecast the demand for unleaded gasoline next…
A: Given data:
Q: LUXURY PRODUCT MANUFACTURER TURNS TO PENSKE TO IMPROVE WAREHOUSE AND DISTRIBUTION OPERATIONS A…
A: Total Quality management - is described as a persistent effort by the administration as well as…
Q: J. Z. Smith is a small consulting firm specializing in implementing new information systems…
A: In this instance, everything is proceeding according to plan. Their clients are content. The issue…
Q: List the interrelated components of the performance management process and. explain how the poor…
A: Performance management:- The performance management process is designed to ensure that desired…
Q: Solve using the simplex method (Use Excel Solver) Maximize P = 6 x1 + 3x2 subject to…
A: Given LP- Objective Function-Max P = 6X1 + 3X2Constraints- Subject to -2X1 + 3X2 ≤ 9…
Q: The definition of work-in-process (WIP) inventory is: Select one: a. An end item ready to be sold,…
A: A manufacturing unit has different kinds of inventories such as; Raw material inventory Material…
Q: CASE 1. Mossaic Tiles, Ltd. Gilbert Moss and Angela Pasaic spent several summers during their…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Outlook Gateways has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per…
A:
Q: Gilbert Moss and Angela eological sites in the Southwes ns. After college they made u aic Tiles,…
A: Number of batches to produce the tiles=100 Profit earned=$190 We have to find out 4) For artistic…
Q: True or false? Please explain in detail Lowering the inventory turnover rate by drastically…
A: 1. Inventory Turnover Ratio is an activity or efficiency Ratio. It is calculated in Times. This…
Q: Economic order quantity. Maximum level of stock. Minimum level of stock.
A: There are multiple sub-parts in one question, as per the guideline, I should answer only the first…
Q: Question 4 Sunny Tailors has been asked to make three different types of wedding suits for separate…
A:
Q: ties: Simple moving average, Weighted moving average, Simple Exponential Smoothing,…
A: Forecasting demand is one of the most important things in the supply chain. It helps companies plan…
Q: he government is auctioning off oil leases at two sites. At each site, 150,000 acres of land are to…
A: Find the Given details below: Given details: Cliff Ewing Blake Barnes Alexis Pickens Total…
Q: CASE 2. "The Possibility"Restaurant Angela Fox and Zooey Caulfield were food and nutrition majors at…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: Formulate the following problems as balanced assignment models: Person A is planning to organize a…
A:
Q: You have been selected as a postgraduate student to be a part of a conference with your President…
A: Operation management in an organization plays an important role because it helps higher authorities…
Q: Excel QM B 2. A corporation plans on building a maximum of 11 new stores in a large city. They will…
A: Given data is Store size Cost Employees required Net revenue Convenience store $4.125 million…
Q: Is it better for the product if it fits the demands of the customer?
A: Product-market fit can be stated as the manner in which a product of any brand is capable enough to…
Q: profit function for a skateboard manufacturer is given by P X is equals to 30 x minus 3 x square -…
A: The detailed solution is given in Step 2.
Q: John Francois Stores Mr. John Francois, a very successful businessman is contemplating his next…
A: Based on the above condition the 3 strategies are: 1) Client assistance improvement 2) Promoting…
Q: Determine the optimal Q and TC given the following information: D = 30,000 boxes ● Ch = $2 Co = $300…
A: Given data: Annual demand(D) = 30,000 units Ordering cost(S) = $300 Holding cost(H) = $2
Q: 1) Find the time to complete this project assuming the given duration of each task is constant.…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Formulate the following problems as balanced assignment models: Person A is planning to organize a…
A: An assignment problem is called a balanced assignment problem when the number of persons and the…
Q: Briefly explain the basic communication technologies used in distribution and logistics. Warehouses…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 5 labor nours na 5 boxes. And the last one needs 2 of raw material and 10 of labor hours and 3…
A: Linear programming is a mathematical technique used in the fields of optimization, operations…
Q: You have been made the purchasing manager of a local restaurant. This restaurant is part of a chain…
A: A restaurant is a business in the service industry. A service cannot be stored, so it is initiated…
Q: Given the following data of actual sales and forecast for the five months: Month 1, Month 2, Month…
A: Mean absolute percentage error indicating the average value of absolute error percentage. Mean…
Q: Consider the transportation problem having the cost and requirement table a. Write the linear…
A: a. Let S represent Source and D represent destination
Q: The weekly demand of a slow-moving product has the probability mass function shown to the right.…
A: Given data: Demand (x) Probability f(x) 0 0.3 1 0.2 2 0.4 3 0.1 4 or more 0.0
Q: A process sampled 20 times with a sample of size 8 resulted in = 28.5 and R = 1.8. Compute the upper…
A: The detailed solution is given in Step 2.
Q: CASE 1. Mossaic Tiles, Ltd. Gilbert Moss and Angela Pasaic spent several summers during their…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: 1. A manager wants to determine the number of containers to use for incoming parts for a kanban…
A: The detailed solution is given in Step 2.
Q: The 3J Company manufactures handbags, shoulder bags, and backpacks. The construction of the three…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: The introduction of diversity into the workplace brings with it a host of barriers and challenges.…
A: The term diversity can be understood as variety or distinction between humans on different basis…
Q: What should Mehmet prioritize? Customer's safety or customer's requests?
A: Product safety is a terminology utilized to describe policies formulated to protect persons from…
Q: With the evolution of RFID instead of UPC, how will this capability make the production grow and…
A: RFID:- The Radio Frequency Identification (RFID) technology has been around since the 1940s, but…
Q: How to determine B3:B5 and B:7 to B12
A: The given question is an employee scheduling question, which is solved using a linear programming…
Q: When hotel managers seek to buy new technology or enhance their current systems, what are they…
A: An enhancement or improvement can be stated as the user-interface characteristic that boosts up or…
Q: Consider the transportation table below. Unit costs for each shipping route are in dollars.…
A: Least cost method is used to find the total cost of transportation of goods from source to…
Q: An office supplies retailer orders staplers (among other products) from the manufacturer. The annual…
A: Given data: Annual demand (D) = 250 units per month = 250 ×12 = 3000 units /year Ordering cost (S)…
Q: Is forecasting important in a planning of a project? why? why not?
A: Forecasting is a technique that takes into use of the historical data as the primary inputs and…
Q: List the questions that should be asked when preparing the project plan. Why is it essential for the…
A: A project plan works as a - strategic tool to control the project under the decided scope &…
Q: discuss the various activities both from the purchasing and supplying perspective and with a simple…
A: Purchasing: Purchasing is a very essential term in every business and the success of…
Q: A particular branch of ABC Co. is experiencing some inventory control problems. The manager…
A: If we like to employ proper management, here, we will order the EOQ quantity, first, I will…
Q: of a descriptive mod
A: descriptive model
GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each
alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of
placing an order for the alarm systems is estimated at R60.
Calculate the annual economic order quantity from the information provided below.
Step by step
Solved in 2 steps
- Calculate the annual economic order quantity from the information provided below. INFORMATIONGM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of eachalarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost ofplacing an order for the alarm systems is estimated at R60.Calculate the annual economic order quantity from the information provided below.INFORMATIONGM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60.BIKO is a bike retailer located in the outskirts of Paris. BIKO purchases bikes from PMX in orders of 250 bikes which is the current economic order quantity. PMX is now offering the following bulk discounts to its customers: 2% discount on orders above 200 units 4% discount on orders above 500 units 6% discount on orders above 600 units BIKO is wondering if the EOQ model is still the most economical and whether increasing the order size would actually be more beneficial. Following information is relevant to forming the decision: Annual demand is 5000 units Ordering cost is $100 per order Annual holding cost is comprised of the following: 5% insurance premium for the average inventory held during the year calculated using the net purchase price Warehousing cost of $6 per unit Purchase price is $200 per unit before discount (Hint: We need to compare the total inventory cost of the order quantities at the various discount levels with that of the economic order quantity)
- The soft goods department for AMG sells 175 units per month of a certain large bath towel. The unit cost of a towel to the manufacturer is R2.50 and the cost of placing an order has been estimated to be R12.00. The organization uses an inventory carrying charge of 27% of the unit cost per year. Determine the optimal order quantity, the order frequency, and the annual holding and setup cost Item Annual Demand Unit Cost A211 800 R9 B390 100 R90 C003 450 R6 D100 400 R100 E707 85 R2000 F660 250 R320 G473 500 R75 H921 100 R75Please do not give solution in image format thanku 12. Vintage-looking art replicas are delivered to an art store once a year. The reorder point for the pieces without safety stock is 200 pieces. The carrying cost is $30 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand probabilities during the lead time, how much safety stock should be carried? Demand: 0 100 200 300 400 Probability: 0.2 0.2 0.2 0.2 0.2The following information pertains to Emy Manufacturing Corporation's Product X: Annual demand 33,750 units Annual cost to hold one unit of inventory P15 Setup cost (or the cost to initiate a production run) P500 Beginning inventory of product X 0 At present, the Company produces 2,250 units of Product X per production runt for a total of 15 production runs per year. The company is considering to use the EOQ model to determine the economic lot size and the number of production runs that will minimize the total inventory carrying cost and setup cost for Product X. If the EOQ model is used, the economic lot size is a.2,250 units. c. 2,250,000 units. b.1,500 units. d. P1,500.
- E - Max uses the basic EOQ model to determine the order quantity . They used to buy electronics from a Korean supplier in Dubai with a lead - time of 5 days . Recently , the supplier has decided to close the warehouse in Dubai and deliver all items from Korea directly to customers in Oman with a lead time of 10 days . Under this situation , the economic order quantity will (Q^ * ) 1)double 2)None of these 3)increase , but not double 4)decrease by a factor of two 5)do remain the samePlease help solve this within 45 min.. please Mega Sdn . Bhd is a wholesaler which buys and sells wide range of products. One of the products is called M3. Each month the company buys 100 units of M3 at cost of RM20 each. Each unit of M3 requires two square feet of space at a cost of RM4 per square foot per annum. Other holding costs are estimated to be 10% of the purchase price. For each order placed, it costs the company RM700. Required: Determine the economic order quantity by using formula.ITEMS 18 to 20 ARE BASED ON THE FOLLOWING INFORMATION: The following information pertains to Emy Manufacturing Corporation's Product X: Annual demand 33,750 units Annual cost to hold one unit of inventory P15 Setup cost (or the cost to initiate a production run) P500 Beginning inventory of product X 0 At present, the Company produces 2,250 units of Product X per production runt for a total of 15 production runs per year. The company is considering to use the EOQ model to determine the economic lot size and the number of production runs that will minimize the total inventory carrying cost and setup cost for Product X. At present, the company's total annual inventory costs is P 7,500. c. P24,375. P16,875. d. P22,500.
- The BeeGees' sells guitars for P6,999 each. The store consistently sells 450 guitars every year. The fixed cost to order more guitars is P680 and the carrying cost is P120. What is the economic order quantity?A company has an annual demand for a specific item of 12,000 units. The carrying cost per unit per year is R.50, and the cost to place an order is R80. Calculate the Economic Order Quantity (EOQ) and also explain the following related terms • Re-order Level, • Ordering Point, • and Minimum Level.William Beville's Computer Training School in Richmond stocks notebooks for sale and would like to reduce its inventory cost by determining the optimal number of notebooks to order in each order. The ordering cost for each order is $27. The annual demand is 19455 units. The annual cost of holding each unit is $6. Each notebook costs $12. The school has a year of 250 working days. When a new order of notebooks is made, the supplier takes 4 days to deliver it. Show your work. 1. What inventory management model should we use to solve this problem? Model Economic Quantity to Order Model for discount purchases Model Economic Quantity to Produce Model to handle dependent demand 2. What is the optimal number of notebooks to make in each order? Response 3. What is the annual ordering cost (AOC)? Response 4. What is the Annual Holding Cost (AHC)? Response 5. What is the annual product cost (APC)? Response 6. What is the annual total cost of managing inventory (ATC) Answer 7. What would be the…