Kevins Shampoo company makes four kinds of shampoo: rose, lemon, ginger, and tea tree. The demand for the four scents are 191, 164, 92 and 74 kg per hour respectively. The production process can produce any shampoo at the rate of 581 kg per hour, but 2 hours are needed to switch between scents. The process doesn’t produce any shampoo during switchover times. Kevin wants to choose a production schedule that (i) cycles repeatedly through the four scents, (ii) meets the required demand and (iii) minimizes the amount of inventory held. (please round your answers to 2 decimal places) 1.How many kg of rose shampoo should Kevin produce before switching over to another scent？ 2.Kevin needs to buy coconut oil to make her shampoo. She needs 1401 kg of coconut oil per day on average. The supplier charges a EUR 77 delivery fee per order (which is independent of the order size) and EUR 5.13 per kg. Kevin annual holding cost is 30%. Assume 52 weeks per year and 5 days per week. If Kevin wants to minimize inventory holding and ordering costs, how much coconut oil should she purchase with each order (in kg)? 3.Kevins supplier is willing to sell her coconut oil at a 10% discount if she purchases 15,000 kg at a time. Assuming Kevin were to purchase 15,000 kg per order at a time for questions 3c and 3d. What would be her delivery fees per day (in EUR)? 4.What would be her average inventory holding fees per day(in EUR)?.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Kevins Shampoo company makes four kinds of shampoo: rose, lemon, ginger, and tea tree. The demand for the four scents are 191, 164, 92 and 74 kg per hour respectively. The production process can produce any shampoo at the rate of 581 kg per hour, but 2 hours are needed to switch between scents. The process doesn’t produce any shampoo during switchover times. Kevin wants to choose a production
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