Send me solution fast within 10 minutes and i will rate instantly for sure Solution must be in typed form!! Identify and calculate the most appropriate inventory management system for the scenario below. Wehave a component, Component XYZ100, which is regularly consumed and its lifetime is quite longcompared to the rate at which the product is moving. The demand for the product is found in themonthly demand table. The product is purchased and processed at a cost of $1.32 per unit and has a30% profit margin. Shipping and handling is typically $75 regardless of order size. Once the order isplaced, it takes 3 months to receive it.Month123456789101112Demand341385309389355317394331322368406385Month131415161718192021222324Demand280u389408383374376379379391412252397USE EXCELThe company typically uses opportunity cost as its largest component of cost to maintain the material (itis an annual interest of 25%). However, in the case of this product, at that cost is added a cost of $0.03per unit per week for requiring specialized handling.Part (a) Determine the inventory control system that ensures there will be no shortage of material instock 95% of the cycles.Part (b) Determine the inventory control system that ensures that 95% of customers they find thematerial they are looking for direct from inventory.Part (c) Determine the inventory control system that minimizes the average inventory system costs.

In the context of optimizing inventory management for Component XYZ100, this solution encompasses…

USE EXCEL The company typically uses opportunity cost as its largest component of cost to maintain the material (it is an annual interest of 25%). However, in the case of this product, at that cost is added a cost of $0.03 per unit per week for requiring specialized handling. Part (a) Determine the inventory control system that ensures there will be no shortage of material in stock 95% of the cycles. Part (b) Determine the inventory control system that ensures that 95% of customers they find the material they are looking for direct from inventory. Part (c) Determine the inventory control system that minimizes the average inventory system costs.

USE EXCEL The company typically uses opportunity cost as its largest component of cost to maintain the material (it is an annual interest of 25%). However, in the case of this product, at that cost is added a cost of $0.03 per unit per week for requiring specialized handling. Part (a) Determine the inventory control system that ensures there will be no shortage of material in stock 95% of the cycles. Part (b) Determine the inventory control system that ensures that 95% of customers they find the material they are looking for direct from inventory. Part (c) Determine the inventory control system that minimizes the average inventory system costs.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter6: Systems Of Equations And Inequalities

Section: Chapter Questions

Problem 21T: A manufacturer produces two models of television stands. The table at the left shows the times (in...

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