Using two-point method, we observe that: • When the probability of sock out is 18%, the sales level is 7550 items/week. • When the product availability is 8%, the sale leveli 80 items/week. a) What is the sales level if the probability of stock out is 11%? b) What is the sales level if the service level is 95%?
Q: Describe and explain with a market diagram for fire- extinguisher. Do you think the…
A: In the given scenario, we are provided with the fire extinguisher product, which needs to be…
Q: 8b) 7,000 drivers from Barrie drive southbound 5 days a week to see a billboard ad on Highway 400…
A: Gross Rating Points (GRPs) is a term utilized in publicizing to quantify the size of a group of…
Q: Annual demand (D) is 3,650 units (constant). Lead time (LT) is 10 days (constant). Find reorder…
A: Annual Demand = 3650 Daily Demand = 3650 / 365 = 10 Lead time = 10 Reorder Point = Daily…
Q: ROP for constant demand and variable lead time. The motel in the preceding example uses approxi-…
A:
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: Given data: Sales = $23.5 million Cost of goods sold = $20.8 million Operating weeks a year = 50…
Q: Appliance Apps has the following costs associated with its production and sale of devices that allow…
A: WORKING NOTES : 1 beginning Inventory - Units…
Q: Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50…
A: There are different forecasting techniques are available to predict future values. But for different…
Q: Samsung implements a Continuous Inventory System for an electronic component. The inventory manager…
A: A safety stock item is a product that is held in excess amount in the warehouse to avoid running out…
Q: The Ford Motor Company is considering three mutually exclusive electronic stability control systems…
A: Given, MARR- 12%
Q: Jack's clothing sells on average, 25 shirts per week, sometimes a little more, sometimes a little…
A: Average inventory is calculated as a part of inventory management to ensure the timely availability…
Q: ROP for constant demand and variable lead time. The motel in the preceding example uses…
A:
Q: Revenue per Available Room (RevPar) and Average Daily Rate (ADR)? Why is RevPar lower than ADR
A: Revenue per available room (RevPar) and average daily report (ADR) are metrics used in the…
Q: Suppose the newsvendor model describes a firm’s operations decision. Is it possible to havepositive…
A: The newsvendor model or newsboy model is operations management that describes a firm’s operations…
Q: What is his total commission?
A: Commission refers to the amount that a salesperson is able to generate after achieving a specified…
Q: Required: 1-a. Compute the companywide break-even point in dollar sales. 1-b. Compute the break-even…
A: The Break-even point is the point where the cost and revenue of the production process are equal for…
Q: Demand for devil’s food whipped-cream layer cake at a local pastry shop can be approximatedusing a…
A: Mean (M) = 6 per day Cost (C) = $9 per cake Selling price (P) = $12 Salvage value (S) = $9
Q: and profit maximizati
A: The cost minimization strategy is focused on executing the most cost-effective method required to…
Q: RevPAR This month Last 3 months Last 12 months
A: Here, we need to learn about various important formula, First, we would calculate the Index value,…
Q: REQUIRED: Perform analysis for the Ocobee River Rafting Company to determine which alternative would…
A: Break-even analysis is one of the methods that are commonly and widely used in manufacturing…
Q: 1.The managers of Kai’s Catering want to increase the number of events booked by 20%. To accomplish…
A: Management Management is the demonstration of preparation, coordinating, controlling and guiding the…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression technique is used for solving questions involving a trend, preferbly
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: The cash-to-cash conversion cycle is one of the most crucial financial metrices for supply chain…
Q: Select the best answer. a. Servicces are produced and consumed nearly simultaneously. b. It is…
A: Services are intangible which cannot be seen we can only feel the quality of a service when it is…
Q: negative safety stock
A: Weekly demand for diesel fuel = 250 gallons Weekly usage standard deviation = 14 gallons
Q: Samsung implements a Continuous Inventory System for an electronic component. The inventory manager…
A:
Q: 8. Weekly demand for detergent at a Walmart store is normally distributed, with a mean of 3,000 and…
A: Given D = 3000/week σd= 700 units Lead time L = 2 weeks Q = 10000 units Reorder point = 7000 units
Q: A premier service outlet is opened 7 days a week, every day of the year. 40 bottles of their best…
A: This question is related to the topic -Inventory Management and this topic fall under the Operations…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Linear regression Equation Y = Intercept + Slope*X X = Depended variables We used EXcel to find…
Q: Develop a flow chart for revenue cycle of 7/11 (seven-eleven ) retail store
A: In the given question, we are to draw a flow-chart for revenue cycle of 7-Eleven convenience store,…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: a). Month Period(x) Demand(units)(y) xy x2 y2 Jan 1 4,120 4120 1 16974400 Feb 2 4,220 8440…
Q: Suppose Sam's Hotel for Cats's problem 10 use a P system instead of a Q system. Demand average daily…
A: Daily demand, d 15bags 6124 bags What P (in working days)…
Q: Calculate a forecast of the above demand using a three-month and a five-month moving average in a…
A: A moving average refers to a calculation for analyzing the data through the creation of average…
Q: As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s…
A: Given, Average inventory = $2,150,000 Total accounts receivables = $2,455,000 Total accounts…
Q: b. If management has been offered the option of a temporary lease while the town planning board…
A: Given- Options Motel Approved Motel Rejected Renew $600,000 $4,500,000 Relocate $2,500,000…
Q: Greenfield’s Tannery supplies leather to the South Fork Boot Company on a monthly basis for…
A: Find the Given details below: Given Details: Month Demand (in square yards) January 1300…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: This question is asked about performing the linear regression analysis, I need to estimate the…
Q: Question 5 Which pattern would you use in the following situation: you have a Product class which…
A: 5) Given situation- A product class that knows its own inventory. It should behave differently when…
Q: A manufacturing company producing medical devices reported $60 million in sales overthe last year.…
A: Sales = $60 millions Inventory = $20 millions Cost Price = $1000 per unit Sale price = $2000 per…
Q: 1. Describe the risks associated with the system depicted in the flowchart below. 2. Describe the…
A: Below is the solution:-
Q: what is the projected annual market size for Beauty Salon?
A: Since you have posted multiple question we will solve the first question for you as per our…
Q: Consider the planned construction of new office building in a downtown area of a large city when…
A: Analysis if the office were in high demand If the interest for the place is high, then the risk…
Q: If daily demand is constant at 10 units per day, and lead time averages 12 days with a standard…
A:
Q: 2) A lab orders a number of chemicals from the same supplier every 10 days. The lead time is six…
A: Given data: Order interval (OI)= 10 days On-hand stock (OH) = 5× 30 ml = 150 ml Lead time (LT) = 6…
Q: Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost…
A: Y = 3,676.67 + 192.31(X) In January = 3,676.67 + 192.31(1) = 3,868.98 units In February = 3,676.67…
Q: The following three questions refer to Sony Records, Inc. Executives of the company are re-…
A: Given data: Cost information of the new CD CD package and disc $2.50/CD Songwriters royalties…
Step by step
Solved in 4 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Jordan Airline routinely overbooks its flights from Dallas to Florida. Overbooking discounted seats can be expensive because providing a bumped passenger with a last-minute flight on a competing carrier can cost $2,200. A 150-passenger jet costs about $150,000 to operate from Raleigh to Atlanta. The average ticket price is $2,000. Table. The frequency of no-shows NO-SHOWS FREQUENCY 1 15 2 10 3 10 4 5 5 5 6 5 a. how many seats should be overbooked? (show your calculations) b. Korean Airline increased the average ticket price from $2,000 to $3,000 on its Atlanta/Seoul route for the holidays. How would the increased ticket price affect the number of seats overbooked? (show your calculations)Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 24 gallons per week and a standard deviation of 3.5 gallons per week. The new manager desires a service level of 90 percent. Lead time is two days, and the dairy is open seven days a week. (Hint: Work in terms of weeks.)Use Table B and Table B1. a-1. If an ROP model is used, what ROP would be consistent with the desired service level? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) ROP gallons a-2. How many days of supply are on hand at the ROP, assuming average demand? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Days b-1. If a fixed-interval model is used instead of an ROP model, what order size would be needed for the 90 percent service level with an order interval of 7 days and a supply of 8 gallons on hand at the order time? (Do not round intermediate…
- 33) please please help me with this Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from history that an average of 28 customers (with a standard deviation of 14) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $122. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $228. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight? Note: Use Excel's NORM.S.INV function to find the z value. Round z value to 2 decimal places. Round your answer to the nearest whole number.ROP for constant demand and variable lead time. The motel in the preceding example uses approximately 600 bars of soap each day, and this tends to be fairly constant. Lead time for soap delivery isnormally distributed with a mean of six days and a standard deviation of two days. A service level of90 percent is desired.a. Find the ROP.b. How many days of supply are on hand at the ROP?Suppose Sam's Hotel for Cats's problem 10 use a P system instead of a Q system. Demand average daily rate is 15 bags (90/6) and the standard deviation of daily demand is 6,124 bags 15 6
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,240 February 4,340 March 4,040 April 4,440 May 5,040 June 4,740 July 5,340 August 4,940 September 5,440 October 5,740 November 6,335 December 6,030 a. Using linear regression analysis, what would you estimate demand to be for each month next year? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b. To be reasonably confident of meeting demand, Nina decides to use 4 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round…Scenario 9.9"Gollee those cats sure go through a lot of food," Geoff exclaimed as he saw the shopping list pad that had been pre-printed with the words "cat food" at the top. He pondered a different approach to shopping for the furry little darlings, reviewed his shopping records, and discovered the following. The price of cat food has held steady at 89 cents per can. Despite feigning indifference, each of the seven cats nibbles their way through an average of one can per day, three hundred sixty five days a year. The price of gasoline has held constant at $3.50 per gallon and his pickup uses a gallon each way to the cat food store. The cost to hold a can of cat food is 10% of the unit price.Use the information in Scenario 9.9 to determine the average pantry space occupied by cat food if each can takes up 13 cubic inches and Geoff obeys an EOQ policy for managing the cat food purchase process.Subject: Logistic management Q): calculate inventory turn over ratio, Where sales is 2,000,000COGS is 65% of sales And average inventory is 125,435 What will be inventory ratio in days and weeks
- Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows: MONTH DEMAND (UNITS) January 4,220 February 4,320 March 4,020 April 4,420 May 5,020 June 4,720 July 5,320 August 4,920 September 5,420 October 5,720 November 6,320 December 6,020 Using linear regression analysis, what would you estimate demand to be for each month next year? (Round two decimal places) To be reasonably confident of meeting demand, Nina decides to use 3 standard errors of estimate for safety. How many additional units…Can you try to make a inventory system level 1 diagram exploded version but aligned with this context diagram that I would sendBelletricity Inc., a medium electronic circuit board manufacturer in the US, is a long-term supplier to Morden Equipment (ME). ME is Belletricity’s only client. Every year, Belletricity sells around 5 million circuit boards to ME, which occupies Belletricity’s full production capacity. In 2012, ME informed Belletricity that due to business expansion, ME would increase the purchase from 5 million to 15 million starting from 2013. Belletricity has been selling circuit boards at the unit rate of USD 0.8 to ME so far. Due to the future increase of the buying volume, ME therefore asked Belletricity a price cut to USD 0.6 each. After negotiation, ME agreed to buy from Belletricity at the price of USD 1.00 starting 2013, for three years consecutively, till 2015. a) What was the rationale behind that ME agreed to pay a higher price to buy from Belletricity for the next three years? b) Why could Belletricity successfully persuade ME to accept her requested price?