set up an equation and solve for the unknown b. There were 60 floodlights in inventory valued at $2580. Type A costs $40 and Type B costs $50. How many Type B light bulbs are in inventory
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set up an equation and solve for the unknown
b. There were 60 floodlights in inventory valued at $2580. Type A costs $40 and Type B costs $50. How many Type B light bulbs are in inventory
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- Michael's Mechanical sells 6,000 jettison machines annually. Each machine costs Michael's $2,000 to purchase, inventory carrying costs are 36 percent of the purchase price, and the cost of placing an order with its supplier is $150. What is the EOQ? Round your answer to the nearest whole number. machines What is the total inventory cost at the EOQ level? Do not round intermediate calculations. Round your answer to the nearest dollar. $The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the course of the past week, 406 patrons have ordered the hearty breakfast and each serving contains a half cup of English peas. It costs two cents to hold a half cup of peas in inventory for a year and$3to place an order (remember they come all the way from England!). It takes 6 weeks to ship a container from England loaded with peas. What is the lead time for an order of peas, in weeks?An electronics manufacturer has 25 days-of-supply of inventory for a particular cellphone model. Assuming 365 days per year, what are the annual inventory turns of thiscell phone model?
- Problem 9a: Jones Surgicenter uses 90,000 bags of IV solution annually. The optimal safety stock (which is on hand initially) is 1,000 bags. Each bag costs the center $1.50, inventory carrying costs are 20 percent, and the cost of placing an order with the supplier is $15. Problem 9b: Continuing with the previous question, what is the total inventory cost, TIC? Do not include the dollar sign in your answer.Earthbound Corporation is a manufacturer and distributor of air conditioning systems. You have been engaged to install an accounting system for Earthbound period among the inventory control features earthbound desires as part of the system are indicators of how much to order and when period. The following information is furnished for a product called “Hydronix” which is carried in inventory: Hydronix are sold by the gross (12 dozen) at a list price of P800 per gross FOB shipper. John receives a 40% trade discount off list price on purchases in gross lots. Freight cost is P20 gross from the shipping point to John's plant John uses about 5,000 Hydronix during 259-day production year and must purchase a total of 36 gross per year to allow for normal breakage. Minimum and maximum usages are 12 and 28, respectively. It takes 20 working days (normal delivery time) to receive an order from the date the purchase request is initiated. A rush order in full gross lots can be received by air…A manager receives a forecast for next year. Demand is projected to be 570 units for the first half of the year and 930 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order.
- Emerald manufactures large screen televisions. Their best-selling model has annual demand of approximately 8,000 units. each year. Because of its popularity demand is constant throughout the year. Production capacity is 200 units per day. Setup costs for each production run are $120 while holding costs are $50 per year per television. The current production plan calls for 400 televisions to be produced in each run. Assume there are 250 working days per year. If the current policy continues, how many televisions would be in inventory when production stops? What would the average inventory level be? If the company produces 400 televisions at a time, what would the total annual setup cost and holding cost be? If Emerald wants to minimise the total annual inventory cost, how many televisions should be produced in each production run? How much would this save the company in inventory costs compared to the current policy of producing 400 in each production run?Annual demand for a product is 11,440 units; weekly demand is 220 units with a standard deviation of 80 units. The cost of placing an order is $85, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. a. To provide a 99 percent service probability, what must the reorder point be? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.) What is the reorder point? ______________ b. Suppose the production manager is told to reduce the safety stock of this item by 90 units. If this is done, what will the new service probability be? (Use Excel's NORMSDIST() function to find the correct probability for your computed Z-value. Round your answer to the nearest whole number.) What is the service probability? _________The retail shop averages demand of 100 chocolate chip cookies per day, with a 10 cookie standard deviation. Based on the previous chocolate chip production, lead time for reorder is 3 days (0 standard deviation) since there is no shipping involved. Management would like to ensure a 90% service level for its customers. Use Excel template to calculate the reorder point (ROP)
- The Metropolitan Book Company purchases paper from the Atlantic Paper Company. Metropolitanproduces magazines and paperbacks that require 1,215,000 pounds of paper per year. Thecost per order for the company is $1,200; the cost of holding 1 pound of paper in inventory is$0.08 per year. Determine The optimal number of orders per yearYen Inc. uses one raw material type in its manufacturing process. It needs 3,750 kilos of this material each month. It incurs P500 each time when making and receiving orders. Annual carrying cost per unit costs P15 in warehousing and P5 in financing costs. If Zen purchases 1,000 kilograms each time, how much lower would the annual cost be if Zen would now follow the EOQ model?Brenda opened a pool and spa store in a lively shopping mall and finds business to be booming but she often stocks out of key items customers want. The 28-ounce bottle of Super Algaecide (SA) is a high margin SKU, but it stocks out frequently. Ten SA bottles come in each box, and she orders boxes from a vendor 160 miles away. Brenda is busy running the store and seldom has time to review store inventory status and order the right quantity at the right time. She collected the following data: Demand = 10 boxes per week Store open = 48 weeks/year Order cost = $36/order Lead-time = 5 weeks Item cost = $72/box Std. deviation in weekly demand = 6 Inventory-holding cost = 25 percent per year Service level = 90 percent Brenda wants to consider setting up a fixed-period inventory system for the 28-ounce bottle of Super Algaecide (SA) SKU. At the beginning of the current week, D. J. Kole, the materials manager, checked the inventory level and found 80 units on-hand. There were no…