In the basic EOQ model, if the cost of placing an order doubles, and all other values remain constant, the EOQ will: OA. increase, but more data is needed to say by how much. OB. increase by 100% OC. increase by about 41%. OD. increase by 200%. OE. either increase or decrease.
Q: This exercise is based on the following data on four bodybuilding supplements. (Figures shown…
A: Given data is Creatine Glutamine BCAAs Cost ($) Xtend 0 2.5 7 1 Gainz 2 3 6 1.10…
Q: What is TQM? How does Disney implement TQM processes?
A: TQM is an abbreviation of Total Quality Management. TQM is not a one day process or a one-time…
Q: Double T appliance is a retailer of small appliances in West Texas. Double T gets all of their…
A: Given, Annual demand D = 10000 units Ordering cost S = $100 Carrying cost H = $50 EOQ = 200 units
Q: The total stockout cost = $ enter your response here. (Enter your response as a whole number.)
A: Given: Opening inventory = 200 Stock-out cost of lost sales/unit = $100 Inventory holding cost is…
Q: How do location analytics help in risk managment? (check all that apply) Provide real-time situation…
A: The economy as a whole has to reduce the negative effects of unanticipated occurrences, not just the…
Q: What is supply chain risk and provide an example of it
A: The term "supply chain management" describes how businesses control the flow of their products,…
Q: Vollmer Manufacturing makes three components for sale to refrigeration companies. The components are…
A: Also, the demand for 550 units of component 1 must be satisfied. Convert available hours in minutes…
Q: In this day and age, does batch processing still have a place as a viable option? If this is the…
A: Since the earliest days of computing, batch processing has been a common practice. Instructions for…
Q: Bradley Solutions and Alexander Limited are two well-established suppliers of inexpensive tools.…
A: Given, Annual Demand = 100000 / year Working weeks = 50 weeks Weekly requirement = 100000/50 = 200…
Q: ?Q) Solve the LPP problems below by using big M-Method MIN Z=8X1+2X2 S.T X1+2X2=66 X1+6X2268…
A: Given LLP- Min Z = 8x1 + 2x2Subject to-x1 + 2x2= 66x1 + 6x2≥ 68x1 + 4x2≤82x1,x2≥0
Q: Problem 16-11 (Algo) One of your Taiwanese suppliers has bid on a new line of molded plastic parts…
A: Net present value (NPV) is a method used to determine the current value of all future cash flows…
Q: Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for…
A: Cost of Shutdown = 480000Super event Risk = 3%Unique event Risk = 5%Cost of managing suppliers =…
Q: why Fire safety is an important component in the hospital?
A: Given the importance of patient safety, hospital fire safety is of utmost importance. Healthcare…
Q: Based on past experience, Moss Company has developed the following budget formula for estimating its…
A: The following information is expected to ascertain the flexible budgeted shipping cost The budgeted…
Q: An organization faces heavy penalties for jobs that are not completed on time. Which of the…
A: Earliest Due Date (EDD): The task is organised according to Due date/Due time in increasing order.…
Q: The AC company decides to open a new factory to satisfy increasing demand. They already have four…
A: Given data-
Q: One unit of A is made of three units of B. one unit of C. and two units of D. B is composed of two…
A:
Q: Problem 1: RRR Distributors Corporation has four sales territories, each of which must be assigned a…
A: Let xij represent each assignment and cij represent the coefficient Objective is to maximize the…
Q: Top Fashion Ltd uses 7280 meters of fabric each year in its manufacturing processes. Weekly demand…
A: Reorder point is the point at which a company needs to re-stock its inventory. This is determined by…
Q: The following jobs are waiting to be processed at a small machine center JOB DUE DATE 10 20 30 40 50…
A: Given-
Q: Using the FCFS rule for scheduling, the sequence is 1-2-3 For the schedule developed using the FCFS…
A: Sequencing is an appropriate order of plan as per which the process of operations works. It defines…
Q: Andy’s Bicycle Company (ABC) has the hottest new product on the upscale toy market—boys’ and girls’…
A: Given data is Model Selling price ($) Direct labor cost ($) Production cost ($) Paint and pack…
Q: Montaño Manufacturing is considering a purchase of robots to automate their manufacturing system.…
A: Given, The MTBF and MTTR of Providers. All other factors are equal System availability =…
Q: PROVIDE ACTIONS OR RECOMMENDED ACTIONS TO OVERCOME THE CHALLENGES WHEN IT COMES TO RECRUITMENT AND…
A: Your development might need to be improved by hiring the correct staff, which can cost you time and…
Q: Supply chain management has enabled some companies to operate more efficiently and compete more…
A: ANSWER : Supply chain management is a general course of creating the products, and distributing the…
Q: t is estimated that hundreds of thousands, if not several million, PCs are still running Windows…
A: Vendor managed inventory: It is an approach in which the inventory levels (requirement of the…
Q: 1. A company would like to invest in the metal stock market, and the maximum available investment is…
A: Given data is Metal Interest return ($) Maximum investment possible Gold 0.45 5,600,000…
Q: The amount of time that Ed is going to take for the task at the end of: a) 2nd Day minutes (round…
A: Time taken for 1st day = 7 hrs 42 mins = 7*60+42 = 420+42 = 462 mins Learning rate = 85%
Q: Problem 1: RRR Distributors Corporation has four sales territories, each of which must be assigned a…
A: Let x11 be Assignment of Emmalou to A, x12 be Assignment of Emmalou to B and so on. The objective is…
Q: analyze five ways in which you can diagnose change that requires management attention in an…
A: ANSWER : At the point when you are faced with a situation where change appears to required, one of…
Q: The Universal Computer Company uses a newly developed A1 chip in the manufacturer of their tablet…
A: Ans) EOQ Formula: EOQ = Sqrt ( (2*D*Ordering Cost)/(Holding Cost) ) So, D = 12000*320/365 = 10667…
Q: The senior management at Davis Watercraft would like to determine if it is possible to improve firm…
A: a. Product mix : model A =90, model C = 16, model B = 68 profit = $40900
Q: a) The total amount of hours to build the 13 units = hours (round your response to the nearest whole…
A: Given that: Learning rate = 85% Time taken by 1st unit = 760 hrs
Q: Firewire is a high-end manufacturer of surfboards. A surfboard is sourced at a cost of $80 and sold…
A: Unit cost (c) = $80 Selling price (p) = $125 Unsold unit value = $70 Inventory holding cost (H) =…
Q: Why has the use of employee teams been so controversial? What are the pros and cons of using…
A: Employee teams is a term used to refer to a small group of team members in an organization.…
Q: A Town Council has decided to build a new community center to be used for conventions, concerts, and…
A: Expected value = ∑Probability of state of nature×Payoff associated with the state of nature The…
Q: Southland Corporation's decision to produce a new line of recreational products has resulted in the…
A: Decision-making is influenced by an organization as per the degree of certainty involved in this. In…
Q: What is carrying cost and provide an example of it.
A: Inventory management is the process of ordering, storing, using, and selling the inventory of the…
Q: Dave Fletcher was able to determine the activity times for constructing his laser scanning machine.…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: You have found the EOQ for a given item. The optimal time between replenishments (T*) is 9.3 weeks.…
A: Optimal Time between Replenishments is the time between orders is the optimal order size divided by…
Q: A project has the following activities, with specified precedents and expected durations (in days).…
A: Forward Pass:Early Start (ES) = Maximum (or Highest) EF value from immediate Predecessor(s)Early…
Q: A business analyst wants to validate a standard time for an existing process of a work operation. A…
A: Standard deviation (s) = 30 seconds Average time (x¯)=300 seconds Confidence level =90% z score for…
Q: You are the manager of Canadian markets for Excite Travel, a firm that provides incentive travel,…
A: An yearly bonus is one of the best financial incentives for recognising a worker's success on both a…
Q: QUESTION THREE The forecast for each week of an eight-week schedule is 50 units. The MPS rule is to…
A: The concept of master scheduling is very important when it comes to managing business operations. A…
Q: Abey Kuruvilla, of Parkside Plumbing, uses 1,230 of a certain spare part that costs $24 for each…
A: Understanding inventory levels and where it is located in warehouses is the aim of inventory…
Q: what is the difference between a baseline Gantt chart and a tracking Gantt chart? 200 words, please
A: These are 3 separate questions, so only first one can be answered. Baseline Gantt chart: Gantt…
Q: Min z = -5x₁ + x₂ = x3 subject to: x₁2x2 + x3 ≥ 3 4x13x2x3 ≤ 10 X1, X20 3 unrestricted subject to:…
A: Given- Min Z =-5x1+x2-x3Subject to -x1- 2x2+x3≥34x1- 3x2-x3≤10and x1,x2 ≥0 and x3 unrestricted in…
Q: 18/hr 1 4 10/hr 20/hr Current capacity 5 12/hr 19/hr 8/hr The diagram describes a service process…
A: The capacity of a process is determined by the bottleneck step i.e. step having the highest cycle…
Q: Find a Doctor is a small startup that helps people find a physician who best meets their needs…
A: Queueing theory is a part of operations management. It is studied and executed to determine the…
Q: Problem 15-5 (Algo) A manufacturer has decided to locate a new factory in northwestern United States…
A: Given-
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Vetox sells industrial chemicals. One of their inputs can be purchased in either jugs orbarrels. A jug contains one gallon, while a barrel contains 55 gallons. The price pergallon is the same with either container. Vetox is charged a fixed amount per orderwhether it purchases jugs or barrels. The inventory holding cost per gallon per monthis the same with either jugs or barrels. Vetox chooses an order quantity to minimizeordering and holding costs per year. Would Vetox purchase a greater number of gallonswith each order if it purchased with jugs or with barrels?a. They would order a greater number of gallons with barrels.b. They would order the same number of gallons with either container.c. They would order a greater number of gallons with jugs.d. They might order a greater number of gallons with jugs or with barrels, depending onvarious factors like the demand rate, ordering cost, and holding cost.Diskup produces a variety of personal computer products. High-density 3.5-inch disksare produced at a rate of 1,800 per day and are shipped out at a rate of 800 per day. Thedisks are produced in batches. Each disk costs the company 20 cents, and the holdingcosts are based on an 18 percent annual interest rate. Shortages are not permitted. Eachproduction run of a disk type requires recalibration of the equipment. The companyestimates that this step costs $180.a. Find the optimal size of each production run and the time between runsA firm manages its inventory with an order-up-to model. Each period is one day, thelead time is two days, the order-up-to level is 10, and its inventory position at the start ofa day (before it submits an order for that day) is –4. Which of the following statementsis definitely true? a. Demand was four units yesterday.b. Demand was 10 units yesterday.c. There are at least four units backordered.d. There are 14 units on order before it orders today.e. After today’s order, there will be 14 units on order.f. It will receive more inventory today
- In the classic Economic Order Quantity (EOQ) associated with inventory under the assumptions of constant demand and fixed costs, what happens if the annual demand increases from 1000 units to 2000 units? The EOQ increases and the reorder point increases. The EOQ decreases and the reorder point decreases. The EOQ increases and the reorder point remains the same. The EOQ decreases and the reorder point increases.Order-up to model is that have been ordered but have not been received. Order up to level is when stock levels are periodically reviewed, and an amount of the item is ordered to return stock levels to the target level. Which of the following is true about the order-up to model? A. It prevents a company from being out of stock B. It is useful for a goods with a short shelf life C. As lead time decreases, inventory levels will decrease.The materials manager of a tire manfacturer must predict periodically place order for a key chemical one of the raw materials used in manufacturing uses the chemical at a rate of 300lbs each week and the lead time of delivery is 4 days. Assume that the manufacturing operation runs 5 days a week. At what point should the chemical be reorderedd a. when 1200lbs are remaining b. where 0lbs are remaining c. where 375lbs are remaining d. when 240lbs are rem
- A. How many vaccines should the Clinic order to maximize its expected profit? The Clinic should order (x) vaccines because it yields the maximum expected profit of $(x).A drill in a hardware store incurs a holding cost per unit of $10 per year. The storesells one of these drills per week all year long. Each time the store orders more drills, it ordersa case that contains 12 drills. What is the average inventory of drills at this hardware store?Please do not give solution in image formate thanku. A given product has an expected demand of 240 units per month, with a standard deviation of 70 units per month. Leadtime is 0.5 months. Customer service level (CSL) has been set so that we have a value of k=1.28. We want to manage this product's inventory using a (R, S) periodic review policy. We plan to order every 2 months (R = 2 months). Using the k value from above, what is the order up to level, S, for this policy? Give your answer rounded to the closest integer. Since orders are placed every 2 months, and the demand is variable, the order quantities are not identical. But we can estimate an average order size. What is the expected average order size for the policy described above? Under this policy, how many orders are placed per year? Placing each order costs $100. What is the annual ordering cost?
- With a probabilistic model, increasing the service level A. will decrease the level of safety stock level. B. will increase the cost of the inventory holding. C. will have no impact on the cost of the inventory policy. D. will reduce the cost of the inventory holding.A firm experiences demand with a mean of 100 units per day. Lead time demand is normally distributed with mean 1000 units and standard deviation 200 units. It costs $6 to hold one unit for one year. If the firm wants to meet 90% of all demand on time, what is the expected annual cost of holding safety stock? Assume that each order costs $50.. (Furniture Store) You are the store manager at a large furniture store. One of your products is a study desk. Weekly demand for the desk is normally distributed with mean 40 and standard deviation 20. The lead time from the assembly plant to your store is two weeks and you order inventory replenishments weekly. Except for part i., you use the order-up-to model to control inventory. Suppose your order-up-to level is S = 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order? Suppose your order-up-to level is S = 220. You are about to place an order and note that your inventory level is 160 and you have 65 desks on order. How many desks will you order? What is the optimal order-up-to level if you want to target a 98 percent in-stock probability? What is the optimal order-up-to level if you want to target a 98 percent fill rate? ( Hint : adapt the exact formulae for the newsvendor problem ,…