Your options for shipping $100,000 of machineparts from Baltimore to Kuala Lumpur, Malaysia, are (1) usea ship that will take 30 days at a cost of $3,800 or (2) truck theparts to Los Angeles and then ship at a total cost of $4,800.The second option will take only 20 days. You are paid via aletter of credit the day the parts arrive. Your holding cost isestimated at 30% of the value per year.a) Which option is more economical?b) What customer issues are not included in the datapresented?

Your options for shipping $100,000 of machineparts from Baltimore to Kuala Lumpur, Malaysia, are (1) usea ship that will take 30 days at a cost of $3,800 or (2) truck theparts to Los Angeles and then ship at a total cost of $4,800.The second option will take only 20 days. You are paid via aletter of credit the day the parts arrive. Your holding cost isestimated at 30% of the value per year.a) Which option is more economical?b) What customer issues are not included in the datapresented?

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Description: Your options for shipping $100,000 of machineparts from Baltimore to Kuala Lumpur, Malaysia, are (1) usea ship that will take 30 days at a cost of $3,800 or (2) truck theparts to Los Angeles and then ship at a total cost of $4,800.The second option w

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...

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Your options for shipping $100,000 of machine partsfrom Baltimore to Kuala Lumpur, Malaysia, are ( I) use a shipthat will take 30 days at a cost of $3,800 or (2) truck the pa rts toLos Angeles and then ship at a total cost of $4,800. The secondoption will take only 20 days. You are paid via a Jetter of creditthe day the parts arrive. Your holding cost is estimated at 30%of the value per year.a) Which option is more economical?b) What customer issues are not included in the data presented?
If you have a third option for the data in Problem( Your options for shipping $100,000 of machine partsfrom Baltimore to Kuala Lumpur, Malaysia, are ( I) use a shipthat will take 30 days at a cost of $3,800 or (2) truck the pa rts toLos Angeles and then ship at a total cost of $4,800. The secondoption will take only 20 days. You are paid via a Jetter of creditthe day the parts arrive. Your holding cost is estimated at 30%of the value per year.a) Which option is more economical?b) What customer issues are not included in the data presented? )and it costs only $4,000 and also takes 20 days, what is your most economical plan?
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1-Read carefully the statements given below and answer the following questions: Broasted Land consumes 300 kg of chicken on a monthly basis. Keeping the stocks in good condition requires BD 3.00 while ordering these will cost the company BD 4.00. They operate daily from 10 am to 12 midnight. What is the optimum quantity that they need to order to minimize the total cost? ( values should be rounded off ) a.102 Kg b.98Kg c.95 Kg d.95 Kg e.100Kg 2-Read carefully the statements given below and answer the following questions Broasted Land consumes 300 kg of chicken on a monthly basis. Keeping the stocks in good condition requires BD 3.00 while ordering these will cost the company BD 4.00. They operate daily from 10 am to 12 midnight. If the company is ordering 150 kg every order cycle, how much are they losing in terms of Total Cost as compared when they are ordering the optimum quantity? a.BD 75-BD80 b.BD 50-BD55 c.BD 20-BD25 d. BD 30 e. BD30-BD32 3-Read carefully the statements given…
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