Inventory records show the following: Series Q R S T U V W Unit Cost $1,751.34 $462.00 $88.44 $382.73 $96.42 $38.04 $34.23 Count 6 22 63 14 24 51 17 Calculate the usage values of the series and determine which is most likely to be classified as class A
Q: 1 10 3 10 (b) 2 4 1 10 67 2 12 5 11 10
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: 6. Laura is trying to decide whether to sell her knitted hats on Etsy, at a holiday bazaar, or in…
A: Given- Demand = 0 Demand = 10 Demand = 20 Etsy -$70 $80 $230 Bazaar -$60…
Q: Make the case of how well Baldrige’s 11 Core Values and Concepts embrace or promote Mindful…
A: The business environment is becoming more competitive, and the business needs to compete with each…
Q: Zack Pop has been a producing plant production manager for the last 10 years. One produce item,…
A: Given data: Average daily sales (mean) = 400 Daily sales between = 350 and 450. The purchase cost…
Q: In quality management, it is a fundamental goal to identify processes that are out of control, to…
A: Quality management refers to the concept of maintaining a high and efficient standard of output in…
Q: Problem 18-28 (Algo) The following are historical demand data: YEAR SEASON 2011 Spring Summer Fall…
A: Given-
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: If variation in a business process increases will likely ---
A: Explanation : Reducing variation in the both key product features and the manufacturing processes is…
Q: K Suppose that in month 1, both the retailer and the wholesaler in a supply chain ordered 20,000…
A: Supply chain inefficiencies are caused by the bullwhip effect, another distribution channel…
Q: a) the 10th transplant 10.40 hours (round your response to two decimal places). b) The cost of 10th…
A: Given: Cost per hour of surgery = $5000 Learning Rate = 75% Time is taken for the first transplant =…
Q: IMPORTANT NOTE: All Project Management Questions are from the same Project. You only need to solve…
A: Forward Pass:Early Start (ES) = Max EF value from immediate Predecessor(s)Early Finish (EF) = ES +…
Q: You have 1000 euros to invest. At the beginning of each year, you can invest your available money in…
A: The following information is given: Available amount to invest = 1000 euros Investment opportunities…
Q: Solve the linear program developed in part (a), to determine the optimal production plan. Qty…
A: Given LP Formulation:
Q: A. Analyze what seems to influence the stock replenishment policy of Flame Electrical B.…
A: ANSWER (A) The business employs a reorder point system. In other words, items are reordered when…
Q: Consider the following decision table, which Joe Blackburn has developed for Vanderbilt…
A: The average outcome is determined when the future contains possibilities that may or may not…
Q: The disadvantage of subcontracting is the possible high turnover rate and tired workers. True…
A: Subcontracting refers to hiring an individual or a company to perform a part of job on behalf of the…
Q: How would you explain to your Project Director about the basic political, geographic, economic, and…
A: Numerous factors influence the level of success achieved during the planning phase of an…
Q: RRR Distributors Corporation has four sales territories, each of which must be assigned a sales…
A: Find the Given details below: Given details Sales Representative District A B C D Emmalou…
Q: Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for…
A: Given that: Lot size = 250 unitsRaw material cost = 150Value added in manufacturing = 300Total cost…
Q: In a 3 x 3 transportation problem, let xij be the amount shipped from source i to destination j and…
A: Find the Calculations below:
Q: Express Logistics provides delivery service seven days a week. The daily requirements (in workers)…
A: Given- Daily worker requirement-
Q: Was this a negligent hire? Why or why not? If the employee came to work one day under the influence…
A: 1) This did not at all involve a negligent hiring decision. The employer verified the employee's…
Q: In many industries that have a process manufacturing operation, the production process is of a…
A: Many sectors will see units lost as a result of evaporation, shrinkage, spillage, or other issues…
Q: 2. Joe and Noël have just gotten engaged. As they are both business students, they thought they'd…
A: Given data is
Q: Assume Sandra's forecasted ADR for the night is $1600.99. What would be her estimated total room…
A: Given, Net availability = 450 rooms Stayovers = 170 Reservations = 120 Overstays = 30 Early…
Q: A large insurance company maintains a central computing system that contains a variety of…
A: Given data: Arrival rate (λ)=35 call per hour Service rate (μ)= 19 calls per hour
Q: Why is transportation forecasting so important, and why is it so difficult?
A: Introduction: Transportation Forecasting: When organizations can foresee the demands, they become…
Q: HP produces printers for sale in Europe in its Vancouver, Canada factory. Printers sold in different…
A: Given: Lead Time = 6 weeksProbability of service level = 95%Then the z value corresponding to 0.95…
Q: You work for shipping company ABC and your company is shipping 15 bottles of cylinders and 20 crates…
A: A dangerous products specialist is in charge of marking and packing hazardous commodities in…
Q: WhatYouNeed is an online retailer with operations in Northern Indiana. Their network includes five…
A: Waste is a major blocker in revenue generation for all the firms be it goods or services. Reducing…
Q: The daily holding cost of Alternative 1 is $________. (Enter your response rounded to two decimal…
A: Given, Holding cost = 30% Shipping amount = $104,800 Alternative 1 : Cost = $3370 Days = 30…
Q: cing b. backward integration c. vertical integration d. forward integration
A: Based on the operations of each company and where they are located in the industrial supply chain,…
Q: (4) Reduce the schedule until you reach the crash point (not possible to crash further) of the…
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: a) The alternative with the least expected cost is ▼ a. Hire part-time b. Hire full-time The…
A: Expected price = Sum product of Cost and probabilities (a) For hiring part time : 0*0.15 + 350*0.45…
Q: Manipulation Manufacturing Company uses 1,000 units of Chip annually in its production. Order costs…
A: EOQ is the economic order quantity that company should purchase to minimise its total inventory cost…
Q: A manufacturer has decided to locate a new factory in northwestern United States to serve growing…
A: This is a weightage technique of location analysis where sites are given varying weights based on…
Q: Which of the following is NOT a common strategic compensation goal? O To control employees exiting…
A: Strategic compensation goals were elaborated by Scott Snell and George Bohlander. Compensation goals…
Q: Suad Alwan, the purchasing agent for Dubai Airlines, has determined that the second plane took…
A: Find the Calculation methods below: Time taken for n unit (Tn) = T1nbn - Unit numberT1 - Time Taken…
Q: How much do you believe the efficiency of the company's reverse logistics may benefit from better…
A: Logistics in simple terms is nothing but the movement of goods from point to another. This consists…
Q: Mowmaster is Lawn King's most popular model. Like all push mowers, it is made of a motor assembly…
A: Find the Calculation methods below: Project on hand = (Previous period Project on hand - Gross…
Q: Suppose company’s manufacturing facility has a design maximum of 245 clients per week. Its actual…
A: Capacity utilization is the measurement rate which uses to analysis the percentage of company's…
Q: A gentleman farmer maniacally works on academic projects to raise funds for his true passion,…
A: Formulae Used: To determine the Expected Time or Expected Duration: Expected time (te)=to+4tm+tp6…
Q: A manufacturer produces umbrellas. The production rate is 500 per day. The monthly demand for…
A: Economic production quantity is optimal quantity. it is calculated with following formula:- Economic…
Q: different control
A: Different control structure Sequence control refers to user actions and computer logic that…
Q: XYZ Co. has provided the following data seeking your advice on the optimum investment strategy:…
A: The given problem is an unbalanced transportation problem, which is converted into a balanced one by…
Q: Suppose that specification for a production part diameter is 6.00 + 0.02 inches. That is, the part…
A: Formulae used: The loss function is represented as: L(x) = k(x-T)2 Where,L(x) = Loss functionk=…
Q: What are the pros of total quality management ?
A: Total quality management (TQM) as a term to describe an organization's quality policy and procedure…
Q: Question Three A product is made up of components A, B, C, D, E, F, G, H, I, and J. These components…
A: Given Components A, B, C, and F have a 1/10,000 chance of failure. D, E, G, and H have a 3/10,000…
Q: Management realized that the optimal product mix, taking setup costs into account, might be…
A: Decision Variable: Suppose-Yi is 1 if any quantity of product i is produced and 0 otherwise
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which of the following is a valid approach to introduce safety stock for dependent demand items? None of the other answer choices are correct. Safety stock is never introduced for dependent demand items A, B, and C are all valid approaches A. Increase the replenishment order by a quantity specified by some estimate of expected plan error B. Add Safety Time into the requirements plan C. Utilize statistical techniques to set safety stocks directly for a dependent demand itemInventory classification system VED is based on a. Values of consumptions. b. Criticalities of the components. c. Consumption patterns of components. d. Values of components in stockYour company currently keeps a safety stock of 554 units of a particular product that has a lead time of 10 days. Records indicate that the weekly demand was as follows: 1176 955 780 1052 736 842 748 993 852 738 794 1444 1333 1372 1106 706 923 734 786 729 1357 1165 1277 683 1106 What is the current service level? Input your result as the decimal form and round to 4 decimal places. You are requested to recommend a safety stock that will ensure an average service level of 97.5%. The lead time is not expected to change. What safety stock would you recommend? (0 decimal places)
- The ROP is an important input in determining the EOQ. True FalseOriental Healthcare is a multi-specialty hospital catering to a variety of illnessesconnected to the heart and respiratory systems. The demand for a class of medicalconsumable is generally random. Recently, an examination of the stores records overa period of 10 weeks revealed the following weekly consumption pattern:Week No. Consumption(Units)1 1202 1093 894 1405 1106 1457 778 1209 13010 80The supplier of the item takes on an average 2 weeks to deliver once the order isplaced. Design an appropriate inventory control policy for a periodic review systemfor a review frequency of 4 weeks for a 99% service levelNEED ALL THREE QUESTIONS Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $9 per unit of average inventory. Every time an order is placed for more item X, it costs $6. a. Whenever item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places.) c. What is the annual cost for storing item X? (Round your answer to 2 decimal places.)
- Please help solve all.. please A company is planning to purchase 90,800 units of a particular item in the year ahead. The item is purchased in boxes each containing 10units of the item, at a price of $200 per box. A safety inventory of 250 boxes is kept. Besides, the company estimates to be charged the transporation cost of $15 per order. It should be assumed that ordering costs change in proportion to the number of orders place. The cost of holding an item in inventory for a year (including insurance, interest and space costs) is 15% of the purchase price. The cost of placing and receiving orders is to be estimated from cost data collected relating to similar orders, where costs of $5,910 were incurred on 30 orders. It should be assumed that ordering costs change in proportion to the number of orders placed. 2% should be added to the above ordering costs to allow for inflation. Assume that usage of the item will be even over the year. Required a. Calculate the order quantity that…Carol Cagle bas a repetitive manufacturing plantproducing trailer bitches in Arlington, Texas. The plant has anaverage inventory tu rnover of only 12 times per year. She hastherefore determined that she will reduce her component lotsizes. She has developed the following data for one component,the safety chain clip:Annual demand = 31,200 unitsDaily demand = 120 unitsDaily production (in 8 hours) = 960 unitsDesired lot size (I hour of production) = 120 unitsHolding cost per unit per year = $12Setup labor cost per hour = $20How many minutes of setup time should she have her plant manageraim for regarding this component?During the last 5 weeks, demands for a certain SKU at a retailer were 7 units (5 weeks ago), 4 units, 4 units, 4 units, and 5 units (last week). The retailer uses a period review model with order-up-to level 71 units, a review period of 2 weeks, and the lead time is 11 weeks. It is time to order. How much should the retailer order?
- Here are statistics on order sizes of Megalith Construction Supply’s shipments of two kinds of construction materials last year. Girders Rivets Mean 160 2800 Std. Dev. 48 702 Which order sizes have greater variability? Multiple Choice Rivets Cannot be determined without knowing n Girders They are the same.6. XYZ has developed the following data from its Material A Safety stock Average (normally) daily use Maximum daily use Minimum daily use E0Q 280 240 180 1.000 200 Cost of placing an order Working days per year P20 250 days Lead time 6 days What is the reorder point?Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 48,400 units per year, an ordering cost of $3 per order, and carrying costs of $1.50 per unit. a. What is the economic ordering quantity? _____________Units b. How many orders will be placed during the year? _____________Orders c. What will the average inventory be? ____________Units d. What is the total cost of ordering and carrying inventory? $__________