UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH counts its current inventory on-hand once per day and phones in its order for delivery 24 hours later. Average daily demand Standard deviation of demand Desired service probability Hamburger inventory 600 100 99% 800 Determine the number of hamburgers UAHH should order for the above conditions. Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 3 decimal places and final answer to the nearest whole number. Number of hamburgers
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- A perishable dairy product is ordered daily at a particular supermarket. The product, which costs $1.23 per unit, sells for $1.74 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is approximately normally distributed with µ = 145 and σ = 25.Note: Use Appendix B to identify the areas for the standard normal distribution. What is your recommended daily order quantity for the supermarket? Round your answer to the nearest whole number.Q* = fill in the blank 1 What is the probability that the supermarket will sell all the units it orders? Round your answer to three decimal places.P(Stockout) = fill in the blank 2 In problems such as these, why would the supplier offer a rebate as high as $1? For example, why not offer a nominal rebate of, say, 25¢ per unit? What happens to the supermarket order quantity as the rebate is reduced?The lower rebate the quantity that the supermarket should order.Big Poppy's Pizza uses a periodic review system to manage the inventory of key items delivered from the distribution center once per week. The demand for boxes during the reorder period and order lead time is normally distributed with an average of 623 and the standard deviation of 66.7. If the store wants to maintain a 99% service level where should they set the restocking level. Round your answer to the nearest whole number.The University Bookstore at a prestigious private universitybuys mechanical pencils from a wholesaler. The wholesaleroffers discounts for large orders according to the followingprice schedule: The bookstore expects an annual demand of 2,500 units. Itcosts $10 to place an order, and the annual cost of holding aunit in stock is 30 percent of the unit’s price. Determine thebest order quantity
- Sugary Spice sells glazed ever fresh donuts. Demand for donuts is 500 boxes per week. Sugary Spice has a holding cost of 30 percent and incurs a fixed cost of $100 for each replenishment order it places for donuts. Given that cost is $2 per box of Donuts: a) How much should Sugary Spice order in each replenishment lot? b) If a trade promotion lowers the price of Frostee Flakes to $1.80 for a month, how much should Tastee Mart order given the short-term price reduction? c) What is the forward buy quantityA local manufacturer of Toys produces several toys. Among the most popular is Elsa Doll. Suppose that there are currently 100 Elsa Doll in inventory and that there are customer orders that have been committed and must be filled Suppose that a production lot size of 150 Elsa Dols. The weekly forecasts for the eight weeks are 176, 172, 50, 130, 40, 120, 132, and 135 respectively. The customer orders for wecks1,2 3 through B are the 80, 86, 25, 65,20, 51, 0, 0 respectively. Using the standard principles of Master Production Schedule (MPS) along with Awailable-To-Promise (ATP) for the Fisa Dolls, what is the Available to promise (AIP) level in week 6 Select one O a 79 Ob. None is correct Oc. 162 Od 150 Oe 39The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 25% of the acquisition cost per year. Determine: 1.) the optimal order quantity. 2.) The order frequency. 3.) The annual holding and setup cost. 4.) The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in quantities of 500. Should the department store place orders for 500 units?
- The Junior Achievers Club maintains an inventory of chocolate bars to meet its annual demand for 100,000 bars to service customers. Each bar costs $5.00, and cost per order is $100.00. Carrying costs have been identified as $1.50 per bar. Recently, the supplier has offered the company a 6.5% discount if orders are placed semi-annually. Show all calculations in answering questions below. Required: What will be Achievers Club’s total inventory costs if it utilizes EOQ?The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?Octopus Company provides you with the following information regarding its inventory: Maximum lead time 5 weeks Minimum lead time 2 weeks Normal lead time 3 weeks Normal weekly usage 4 000 units Interest rate 5% Cost price per unit R20 per unit Inventory carrying cost R7 per unit Ordering cost R30 per order Maximum weekly usage 4 000 units Minimum weekly usage 3 000 units Required: Calculate Number of orders per year 166.53 times 1700 times 155.63 times 167.53 times None of the above
- You are in charge of inventory control of a highly successfulproduct retailed by your firm. Weekly demand for this itemvaries, with an average of 200 units and a standard devia-tion of 16 units. It is purchased from a wholesaler at a cost of$12.50 per unit. You are using a continuous review system tocontrol this inventory. The supply lead time is 4 weeks. Plac-ing an order costs $50, and the inventory carrying rate peryear is 20 percent of the item’s cost. Your firm operates 5 daysper week, 50 weeks per year.a. What is the optimal ordering quantity for this item?b. How many units of the item should be maintained assafety stock for 99 percent protection against stockoutsduring an order cycle?c. If supply lead time can be reduced to 2 weeks, what is thepercent reduction in the number of units maintained assafety stock for the same 99 percent stockout protection?d. If through appropriate sales promotions, the demand variabil-ity is reduced so that the standard deviation of weekly demandis…Meijer stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which cells, on average, 55 bottles per week. Myers cost is nine dollars per bottle. Meijer has determined its order cost to be $54 in inventory Karen cost is 20%. Myers open for business 52 weeks per year. What is the EOQ? If Myers’s order the EOQ quantity each time, what will be the inventory turnover rate for the syrup?free food from your distributor. The annual -A commercial company orders a type of gluten demand is 5,000 packages, the price of one package is $8, the cost of maintaining one unit is $1, and the cost of preparing the order is $25. If the distributor offers some selling temptations to this company in the form of a discount as follows: 5% discount if the quantity purchased at one time is at least 3000 packs. 6% discount if the quantity purchased at one time is at least 4000 units Decide on the quantity to be purchased so that the total cost of inventory is as low as possible.