Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 8, Problem 51AP
a)
Summary Introduction
Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.
Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.
b)
Summary Introduction
Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).
Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.
c)
Summary Introduction
Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)
Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.
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The campus store at a large Midwestern university sells writing tablets to students, faculty, and staff. They sell more tablets near exam time. During a typical 10-week quarter,the pattern of sales is 2,280, 1,120, 360, 3,340, 1,230, 860, 675, 1,350, 4,600, 1,210.Thepads cost the store $1.20 each, and holding costs are based on a 30 percent annual interest rate. The cost of employee time, paperwork, and handling amounts to $30 per order.Assume 50 weeks per year.b. The bookstore manager has decided that it would be more economical if thedemand were the same each week. In order to even out the demand he limits weeklysales (to the annoyance of his clientele). Hence, assume that the total demand forthe 10-week quarter is still the same, but the sales are constant from week to week.Determine the optimal order policy in this case and compare the total holding andordering cost over the 10 weeks to the answer you obtained in part (a). (You may assume continuous time for the purposes of your…
The campus store at a large Midwestern university sells writing tablets to students, faculty, and staff. They sell more tablets near exam time. During a typical 10-week quarter,the pattern of sales is 2,280, 1,120, 360, 3,340, 1,230, 860, 675, 1,350, 4,600, 1,210.Thepads cost the store $1.20 each, and holding costs are based on a 30 percent annual interest rate. The cost of employee time, paperwork, and handling amounts to $30 per order.Assume 50 weeks per year.a. What is the optimal order policy during the 10-week quarter based on theSilver–Meal heuristic? Using this policy, what are the total holding and orderingcosts incurred over the 10-week period?
James Beerd bakes cheesecakes and Black Forest cakes. During any month, he can bake at most 65 cakes. The costs per cake and the demands for cakes, which must be met on time, are listed in Table 33. It costs 500 to hold a cheesecake, and 40¢ to hold a Black Forest cake, in inventory for a month. Formulate an LP to minimize the total cost of meeting the next three months’ demands.
table 33
Month 1
Month 2
Month 3
Item
Demand
Cost/Cake ($)
Demand
Cost/Cake ($)
Demand
Cost/Cake ($)
Cheesecake
40
3.00
30
3.40
20
3.80
Black Forest
20
2.50
30
2.80
10
3.40
Chapter 8 Solutions
Production and Operations Analysis, Seventh Edition
Ch. 8.1 - Prob. 1PCh. 8.1 - Prob. 2PCh. 8.1 - Prob. 3PCh. 8.1 - Prob. 4PCh. 8.1 - Prob. 5PCh. 8.1 - Prob. 6PCh. 8.1 - Prob. 7PCh. 8.1 - Prob. 8PCh. 8.1 - Prob. 9PCh. 8.2 - Prob. 10P
Ch. 8.2 - Prob. 11PCh. 8.2 - Prob. 12PCh. 8.2 - Prob. 13PCh. 8.2 - Prob. 14PCh. 8.2 - Prob. 15PCh. 8.2 - Prob. 16PCh. 8.2 - Prob. 17PCh. 8.2 - Prob. 18PCh. 8.2 - Prob. 19PCh. 8.2 - Prob. 20PCh. 8.2 - Prob. 21PCh. 8.2 - Prob. 22PCh. 8.3 - Prob. 23PCh. 8.3 - Prob. 24PCh. 8.3 - Prob. 25PCh. 8.4 - Prob. 26PCh. 8.4 - Prob. 27PCh. 8.4 - Prob. 28PCh. 8.4 - Prob. 29PCh. 8.5 - Prob. 30PCh. 8.5 - Prob. 31PCh. 8.5 - Prob. 32PCh. 8.5 - Prob. 33PCh. 8.5 - Prob. 34PCh. 8.6 - Prob. 35PCh. 8.6 - Prob. 36PCh. 8.6 - Prob. 37PCh. 8.6 - Prob. 38PCh. 8.6 - Prob. 39PCh. 8.6 - Prob. 40PCh. 8 - Prob. 41APCh. 8 - Prob. 42APCh. 8 - Prob. 43APCh. 8 - Prob. 44APCh. 8 - Prob. 45APCh. 8 - Prob. 46APCh. 8 - Prob. 48APCh. 8 - Prob. 49APCh. 8 - Prob. 50APCh. 8 - Prob. 51AP
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