Inventory at the end of each month assuming excess demand are back − ordered. Introduction: Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

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Answer 1

Question

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

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Please complete the sup part: e,f and g. 1.B&H needs to decide how to manage its inventory of cameras. The demand for cameras at B&H is 200 cameras per week. Each time that B&H places an order for a new shipment of cameras, it must pay $80 in fixed processing fees. A camera costs B&H $60 to purchase. The cost for B&H to hold a camera in its store for one week is $4. Assume that the lead time for the delivery of a camera is 0 weeks.a. Suppose that B&H places orders for cameras in quantities of 50 cameras at a time and places a new order for cameras each time that it runs out. Draw a graph showing the number of cameras that B&H has on-hand in inventory at each point in time up until the time when it places its fourth-order. Label the points in time at which B&H places a new order. Assume that B&H places its first order for 50 cameras on day 0.b. Suppose again that B&H places orders for 50 cameras at a time. What will be B&H’s average holding…

A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a servicelevel of .98. The order interval is 14 days, and lead time is 2 days. Average demand for one itemis 40 units per day, and the standard deviation of demand is 3 units per day. Given the on-handinventory at the reorder time for each order cycle shown in the following table, determine theorder quantities for cycles 1, 2, and 3.Cycle On Hand1 422 83 103

i have found anther answer for this question on bartleby and it has a lot less working out and he didnt give answer to second question but the answer he gave for the first one is very different i am not sure which one to use below is his answer: Step 1: Basic Information The question is related to Economic order quantiy Economic Order Quantity is that level of inventory at which ordering cost and handling cost are minimum. It is calculated with the help of following formula Economic Order Quantity = √2RO ÷ C R = Annual Requirment C = Carrying or Holding cost O = Ordering Cost Step 2: Solution Economic Order Quantity = √2RO ÷ C Economic Order Quantity = √2 × 3000 × 20 ÷ 4.25 Economic Order Quantity = √28,235.294117647 Economic Order Quantity = 168.0336100834 pounds R = Annual Requirment i.e.250 × 12 = 3000 pounds per annum. C = Carrying or Holding cost i.e. £4.25 O = Ordering Cost i.e. £20 Quantity to be ordered = 168.03 pounds. Supplier = Vendor 1 should be used as the cost…

Answer 2

Question

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

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Answer 3

Question

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Expert Solution & Answer

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Answer 4

Question

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Expert Solution & Answer

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Answer 5

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 6

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

Answer 7

Chapter 4.4, Problem 8P

a

Summary Introduction

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

Answer 8

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 9

b

Summary Introduction

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 10

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 11

c

Summary Introduction

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 12

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 13

d

Summary Introduction

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 4.4 - Prob. 1P Ch. 4.4 - Prob. 2P Ch. 4.4 - Prob. 3P Ch. 4.4 - Prob. 4P Ch. 4.4 - Prob. 5P Ch. 4.4 - Prob. 6P Ch. 4.4 - Prob. 7P Ch. 4.4 - Prob. 8P Ch. 4.4 - Prob. 9P Ch. 4.5 - Prob. 10P

Inventory at the end of each month assuming excess demand are back − ordered. Introduction: Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

Solution Summary: The author explains that inventory at the end of each month assuming excess demand are back ordered. Stock out cost is income which is unearned due to shortage in inventory.

Concept explainers

Videos

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

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Chapter 4 Solutions

Inventory at the end of each month assuming excess demand are back − ordered. Introduction: Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

Solution Summary: The author explains that inventory at the end of each month assuming excess demand are back ordered. Stock out cost is income which is unearned due to shortage in inventory.

Concept explainers

Videos

To determine: Inventory at the end of each month assuming excess demand are back − ordered. Introduction: Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

To determine: Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered. Introduction: Stock out cost is the income which is unearned due to shortage in inventory.

To determine: Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis. Introduction: Stock out cost is the income which is unearned due to shortage in inventory.

To determine: Circumstances under which cost criteria is most appropriate. Introduction: Stock out cost is the income which is unearned due to shortage in inventory.

Want to see the full answer?

Chapter 4 Solutions

To determine:

Inventory at the end of each month assuming excess demand are back − ordered.

Introduction:

Demand of any product is the total units of product demanded by a consumer at a given price during a given period of time.

To determine:

Stock − out cost when excess demand at the end of each month is lost and when excess demand at the end of each month is back ordered.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

To determine:

Stock out cost incurred during six months when demand is fulfilled on a first − come, first basis.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.

To determine:

Circumstances under which cost criteria is most appropriate.

Introduction:

Stock out cost is the income which is unearned due to shortage in inventory.