OPERATIONS MANAGEMENT (LL)-W/ACCESS
17th Edition
ISBN: 9781260037821
Author: CACHON
Publisher: MCG
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Chapter 14, Problem 7PA
a)
Summary Introduction
To determine: The average order quantity.
b)
Summary Introduction
To determine: The expected on-hand inventory.
c)
Summary Introduction
To determine: The expected on-order inventory.
d)
Summary Introduction
To determine: The in-stock probability.
e)
Summary Introduction
To determine: The stockout probability.
f)
Summary Introduction
To determine: The order-up-to level.
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A company begins a review of ordering policies for its continuousreview system by checking the current policies for asample of SKUs. Following are the characteristics of one item.Demand 1D2 = 64 units>week 1Assume 52 weeks per year2Ordering or setup cost 1S2 = $50>orderHolding cost 1H2 = $13>unit>yearLead time 1L2 = 2 weeksStandard deviation of weekly demand = 12 unitsCycle@service level = 88 percenta. What is the EOQ for this item?b. What is the desired safety stock?c. What is the reorder point?d. What are the cost implications if the current policy for this item is Q = 200 and R = 180?
A retailer uses the order-up-to model to manage inventory of an item in a store. The leadtime for replenishments is four weeks and it can place orders weekly. Weekly demand isPoisson with mean 0.10 unit. Its order-up-to level is five and unfilled demand is backordered. What is the coefficient of variation of its orders?
Give A brief introduction about different types of models used in Inventory Control (EOQ - EBQ - Probabilistic Demand).
Chapter 14 Solutions
OPERATIONS MANAGEMENT (LL)-W/ACCESS
Ch. 14 - Demand in each period follows the same normal...Ch. 14 - Prob. 2CQCh. 14 - For products with slow-moving demandfor example,...Ch. 14 - Prob. 4CQCh. 14 - Prob. 5CQCh. 14 - Prob. 6CQCh. 14 - Prob. 7CQCh. 14 - Prob. 8CQCh. 14 - If the target in-stock probability increases, then...Ch. 14 - Prob. 10CQ
Ch. 14 - Prob. 11CQCh. 14 - Prob. 12CQCh. 14 - Prob. 13CQCh. 14 - Prob. 14CQCh. 14 - Prob. 15CQCh. 14 - Prob. 16CQCh. 14 - Prob. 17CQCh. 14 - Prob. 18CQCh. 14 - Prob. 19CQCh. 14 - Prob. 1PACh. 14 - Prob. 2PACh. 14 - Prob. 3PACh. 14 - You are the owner of Hotspices.com, an online...Ch. 14 - Prob. 5PACh. 14 - Prob. 6PACh. 14 - Prob. 7PACh. 14 - Prob. 1CCh. 14 - Prob. 2CCh. 14 - Prob. 3CCh. 14 - CASE WARKWORTH FURNITURE1 Warkworth Furniture...Ch. 14 - CASE WARKWORTH FURNITURE1 Warkworth Furniture...
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