What is its in-stock probability? %
Q: Q1 A)Discuss the causes of stock obsolesce in the warehouse. B)
A: Warehouse:- A building used to store goods is called a warehouse. Warehouses are used by…
Q: When it comes to product quality, how crucial is the role of software today?
A: Product quality is one of the important factors for customers to consider during product selection.…
Q: What are the benefits of automation and how will the communication signalling technology increase…
A: Operation manager is an individual who is responsible for managing an organization's operations.…
Q: 11. A manager must decide which type of machine to buy, A, B, or C. Machine costs are as follows:…
A: a) From the above given information, processing times needed by each of the machines can be…
Q: An Electrical Utility Startup Problem A problem faced by an electrical utility company each day is…
A: Let us consider the variables A, B, C,D & E represent the Generators A,B,C,D & E. Now, let…
Q: uary 100 February 1,200 Ma 1,4 g stockout costs for lost sale r unit per month, and a zero b
A: Given: January February March April May June 1100 1200 1400 1800 1800 1600 Lost sales =…
Q: Is there anything wrong with the set-up of the firm? If you were MaryAnn, what will you do?
A: Managing team members across manifold sites can become challenging. When you’ve many teams to…
Q: Illustration 5.3 Volkswagen's governance crisis Spring 2015 saw a boardroom battle at one of the…
A: To what extent does Volkswagen reflect the strengths and weaknesses of the stakeholder model of…
Q: a) what is the maximax decision? b) what is the maximin decision c) what is the equally likely…
A: Mathematic models of decision-making help businesses take the correct decision for their operational…
Q: what are the objectives of corrective maintenance?
A: Corrective maintenance is described as the process that includes repairing or replacing equipment…
Q: how can quality be maintained and applied for a certain cellphone company?
A: Quality management is a process of managing the quality of goods and services to meet customer and…
Q: CLEAN is a local Cleaning company with a good reputation. The company was established in 2014 and…
A: a. SMART objective is an Acronym for Specific, Measurable, Attainable, Reasonable and Time bound…
Q: 19. Lan Xu Company has three products; X, Y and Z. Three machines are used to produce the products.…
A: Bottleneck resource is that whose quantity is in scarcity. In other words which is in limited supply…
Q: 1. Compute the throughput time. (Round your answer to 1 decimal place.) 2. Compute the manufacturing…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: you are the operation manager for a high-end furniture manufacturers. your marketing department has…
A: Facility layout:- Special consideration must be given to the facility layout if an organisation is…
Q: Question 4 Fortis Utility Company uses 2,000 units per year which it stores at $0.50 per unit per…
A: 4) a) Given, annual demand, d =2000 units Ordering cost, o = $ 100…
Q: (a) What is the critical path? (b) How long will it take to complete this project? (c) Can…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: . What is the expected weekly output of cranks for this company?
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: A recent college graduate is planning to move cross country from her college town to the city where…
A: 1. This is an integer programming model requiring binary variables.
Q: Noting the accomplishments of Mr. John Francois as a successful businessman, who is seeking to…
A: The key to successfully expanding/growing a company is to follow the principles and have the…
Q: which of these is not true about DMADV options are Addresses the to-be process Reduces/…
A: DMADV is nothing but the acronym for Define, Measure, Analyze, Design, and Verify. DMADV is…
Q: What are the essential phases of project management for monitoring and regulating a project?
A: Project management is about planning and organizing the resources of the company. These resources…
Q: A company faces the following demands during the next three weeks: week 1, 2000 units; week 2, 1000…
A: Demand: Week 1: 2000 units Week 2: 1000 units Week 3: 1500 units Production cost per unit: Week 1:…
Q: How important do you think data quality is to data warehousing's success? What are the benefits of…
A: Data Quality:- Data Quality refers to the extent to which internal characteristics (e.g., accuracy,…
Q: The 3J Company manufactures handbags, shoulder bags, and backpacks. The construction of the three…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Critically discuss the affect of these packaging material cost onto goods that would affect the…
A: The volume of packaging material has been escalating in past years, as a result of retail…
Q: Ah Heng is in egg business. He has three poultry farms, A, B and C. The eggs are sent to three…
A: The question is related to Transportation Problem. The basis rule of transportation problem is…
Q: ctors that must be considered when setting up a quality control system? 2) what are the advantages…
A: 1) Key factors Successful control parameter: It is fundamental for screen and measure the exhibition…
Q: 1. How does management science help a business achieve the ideal situation? 2. Briefly discuss the…
A: 1. Management science can be broadly defined as the the usage of various scientific methods and…
Q: State and describe two extremes of the transformation/manufacturing:Service continuum for and two…
A: Service Operations Management:- Service operations management is the process of managing all…
Q: discuss the importance of work measurement.
A: Introduction Work Measurement in Operation Management can be define as the technique which performs…
Q: The introduction of diversity into the workplace brings with it a host of barriers and challenges.…
A: The term diversity can be understood as variety or distinction between humans on different basis…
Q: Consider the data below: Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Demand 259 319 214 289…
A: Demand forecasting can be stated as the approach of making or framing predictions or estimations…
Q: The ABC company, in Hayward, California, makes flashing lights for toys. The demand for flashing…
A: Note - Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two…
A:
Q: Define random sampling error and non samling error, two major type of non sampling error.
A: A sampling error can be stated as the statistical error that emerges or occurs when a researcher or…
Q: At the Strathmore University Cafeteria, students seeking to have a meal are observed to arrive at a…
A: Given, Arrival rate, λ =16 per 20 minutes =0.8 per minute Service rate, μ =19 per 20 minutes =0.95…
Q: PROBLEM 2 Professor Weejohs teaches two sections of business analytics, which combined will result…
A: Time taken (in minutes) Time available (in hrs.) AJ 7.2 12 Romel 12 10 Exams to…
Q: The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: . Create the network diagram for the table above b. Determine the critical activities and…
A: A project schedule network diagram shows the sequence of the task that is performed to complete a…
Q: For the Orlando real estate investment problem, assume the probabilities for the gasoline shortage,…
A: Given data is
Q: A corporation plans on building a maximum of 11 new stores in a large city. They will build these…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: What are the net requirements for N?
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Consider the following three-station production line with a single product that must visit stations…
A: Given data
Q: Difference between purchasing and procurement
A: Purchasing and procurement are the two distinct activites that are carried out at the time of…
Q: The government is auctioning off oil leases at two sites. At each site, 150,000 acres of land are to…
A: Find the Given details below: Given details: Cliff Ewing Blake Barnes Alexis Pickens Total…
Q: A small bank has $1,000,000 in new funds that must be allocated to various loan types, including…
A: Given data is Rate of return by home loans = 7% = 0.7 Rate of return by personal loans = 12% = 0.12…
Q: Explain the Importance of identifying operating capacity in supplier Selection
A: Supplier selection:- The process of selecting a new supplier can be daunting for any company. One…
Q: Question ONE Consider the narrative below and use it to answer the questions that will follow: At…
A:
Q: Review the five (5) steps to catastrophe recovery in great detail?
A: Catastrophe Recovery plan:- A business’s plan for recovering after a catastrophe should be…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- What is the relationship between the average inventory and the in-stock probability?a. The more the inventory, the lower the in-stock probability.b. There isn’t a definitive relationship—more inventory could mean a lower or a higherin-stock probability.c. The more the inventory, the higher the in-stock probability.I need a detailed explanation on how to solve this problem: A paint shop implements an inventory policy on its stock of white paint, which costs the store $6 per can. Monthly demand for cans of white paint is normal with mean 28 and standard deviation 8. The replenishment lead time is 14 weeks. Excess demand is backordered, but costs $10 per back ordered can in labor and loss of goodwill. There is a fixed cost of $15 per order, and the holding cost is based on 30% interest rate per annum. In your computations, assume 4 weeks per month. - Write down the model name and parameters. - What are the optimal lot size and reorder points for white paint (include the formulas)? - What is the optimal safety stock (include the formula)? *** Suppose the paint shop from the above problem adopts a service level policy. - What are the optimal lot size and reorder points for white paint, such that 90% of the cycles are filled without backordering (include all formulas)? - What is the fill rate…Weiss’s paint store keeps an inventory of white latex paint product in the gallon size. The manager reviews the stock level every 4 months. Demand is observed to be normally distributed with a monthly mean of 28 gallons and a standard deviation of 8. Re-supply lead time is 2.5 months. The store manager targets a 98 percent in-stock probability during the lead time. • What is the target inventory position?
- Do you think the safety stock (safety inventory) could be negative? What is the meaning of a negative safety inventory (hint: safety stock is the difference between the optimal inventory and the average demand)?Demand for an item is constant at 500 units a year. Unit cost is $50, reorder cost is $80 and holding costis 60 per cent of value a year. Any demand that occurs when no stock remains is lost. What is the minimum selling price that makes it profitable to stock the item?1. Speculative stock aims to, a. Buffer against uncertainty b. Satisfy demand during lead times c. All of the above d. Buffer against supply fluctuations 2. Outbound means moving goods from manufacturer to customers. True or False.
- The manager of Alaina’s Garden Center must make the annual purchasing plans for rakes, gloves, and other gardening items. One of the items the company stocks is Fast-Grow, a liquid fertilizer. The sales of this item are seasonal, with peaks in the spring, summer, and fall months. Quarterly demand (in cases) for the past 2 years follows: Quarter Year 1 Year 2 1 2 3 4 45 339 299 222 67 444 329 283 Total 905 1,123 If the expected sales for Fast-Grow are 1,850 cases for year 3, use the multiplicative seasonal method to prepare a forecast for each quarter of the year.The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $49.00 First purchase 18 units at $54.00 Second purchase 25 units at $59.00 Third purchase 14 units at $59.00 The firm uses the periodic system, and there are 23 units of the commodity on hand at the end of the year. What is the amount of inventory at the end of the year according to the FIFO method? Select the correct answer. $1,127.00 $1,357.00 $3,616.00 $3,593.00A retailer carries 10,000 items in its store. During the week, there is some demand for 6000 of the items. Among those, there are 100 products for which all of the demand was not satisfied and 400 products for which only some of demand was satisfied. a. What is their in-stock probability for this week?b. What is their stockout probability for this week?
- A Mercedes dealer pays $40,000 for each car purchased (wholesale price). The annual holding cost is estimated to be 30% of the dollar value of inventory. The dealer sells an average of 1200 cars per year. They believe that demand is backlogged but estimate that if they are short one car for one year, the loss in future profits is about 10% of the wholesale price. Each time the dealer places an order for cars, ordering costs amount to $1600. Assume there are 360 work days per year. Question: What percent of the time do shortages occur? I've deduced the percent of shortage time to be 25%, but am not sure I've set up my formulas correctly.company sells 20,000 radios evenly throughout the year. The cost of carrying one unit of inventory for one year is P8, and thepurchase order cost per order is P32. What is the economic orderquantityA warehouse checks inventory and places an order from a supplier for a particular product once a month. The monthly demand for the product is independent and normally distributed with a mean of 500 and a standard deviation of 100. If the warehouse targets a 90% service level for this product, and the supplier’s lead time is one month, how much safety stock should be held? PLEASE SHOW CALCULATIONS/EXCEL WITH FORMULAS