12units (round your response to the nearest whole number) a) What is the optimal size of the production run?
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- Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,300 flashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is $0.15 per light per year a) What is the optimal size of the production run? 3653 units (round your response to the nearest whole number). b) What is the average holding cost per year? $ 161.65 (round your response to two decimal places) c) What is the average setup cost per year? $ 161.62 (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places).Part Number Part Unit Value in $ Quantity currently in inventory Average annual usage 1234 2.5 3000 1235 0.2 900 1236 15 1000 1237 0.75 7900 1238 7.6 2800 1239 4.4 5000 1240 1.8 1800 1241 0.05 1200 1242 17.2 2000 1243 2500 1244 7000 300 550 400 50 180 20 200 10 950 160 430 9 3.2 given following table, perform ABC classification← Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12,500 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $52. The cost of each light is $1.05. The holding cost is $0.15 per light per year units (round your response to the nearest whole number). a) What is the optimal size of the production run? b) What is the average holding cost per year? $ c) What is the average setup cost per year? $ (round your response to two decimal places). (round your response to two decimal places). What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places). Time Remaining: 02:02:32 Su
- Average demand (µ) 480 Demand Standard deviation (σdLT) 35 Service level 85% Service level alternate 89% 1. What is the required safety stock at a 85 percent service level? ______ units 2. What is the reorder point? ______ units 3.What is the required safety stock at a 89 percent service level? ______ units 4. What is the additional safety stock? ______ unitsAdditional Algo 11-5 Holding Cost per Unit A company usually holds 190 pounds of wax in its warehouse. The company uses 48 pounds of wax per day and it takes 4 days for wax purchased from the supplier to arrive. The holding cost for wax is $0.73 per pound per day. What the company's average holding cost (per pound per wax)?Frety Limited sells therapeutic foam rollers for $55, and expects the demand for this product to be constant at 142 units per week. The foam rollers are ordered from a supplier at a price of $39, and each order takes three weeks to supply the product from the date that Frety Limited places an order. The business holds 130 units of the product as a safety buffer at all times. The cost of capital is 10%. At what level of inventory (in units) should the business reorder the foam rollers?
- A local cement manufacturing factory produces cement bags, and each bag is 100 kg in weight. The daily demand 20,000 kgs per day. The company produces daily at a rate of 200 percent more than the daily demand. Assuming there are 250 workdays, the setup cost is 200 OMR and the annual holding cost is 1 OMR per kg. What is the optimal total cost of setup and inventory holding? Round-up to the nearest integer O a. 44730 O b. 63246 O c. None is correct O d. 63623 O e. 63722Please explain me in brief about Pros and Cons of Re-Order Point Control and Re-Order Cycle Control Inventory control Systems.Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,900 flashing lights per year and has the capability of producing 95 per day. Setting up the light production costs $48. The cost of each light is $0.95. The holding cost is $0.15 per light per year. a) What is the optimal size of the production run? number). b) What is the average holding cost per year? $ (round your response to two decimal places). c) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $ (round your response to two decimal places). units (round your response to the nearest whole
- Xemex has collected the following inventory data for the six items that it stocks: ITEM CODE UNIT COST ($) ANNUAL DEMAND (UNITS) ORDERING COST ($) CARRYING COST AS A PERCENTAGE OF UNIT COST 1 10.60 600 40 20 2 11.00 450 30 25 3 2.25 500 50 15 4 150.00 560 40 15 5 4.00 540 35 16 6 4.10 490 40 17 Lynn Robinson, Xemex’s inventory manager, does not feel that all of the items can be controlled. What ordered quantities do you recommend for which inventory product(s)?13.4. The Sofaworld Company purchases upholstery material from Barrett Textiles. The company uses 45,000 yards of material per year to make sofas. The cost of ordering material from the textile company is $1500 per order. It costs Sofaworld $0.70 annually to hold a yard of material in inventory. Determine the optimal number of yards of mate- rial Sofaworld should order, the minimum total inventory cost, the opti- mal number of orders per year, and the optimal time between orders.Problem 20-30 (Algo) It is your responsibility, as the new head of the automotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelin tires, XW size 185 x 14 BSW. A perpetual inventory system has been used, so you examine this, as well as other records, and come up with the following data: Cost per tire Holding cost Demand 50 each 25 percent of tire cost per year 1,100 рer year Ordering cost Standard deviation of daily demand Delivery lead time 32 per order 7 tires 8 days Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 90 percent. Assume the demand occurs 365 days per year. a. Determine the order quantity. (Round your answer to the nearest whole number.) Order quantity 75 tires b. Determine the reorder point. (Use Excel's NORMSINV() function to find the correct critical value for the given a-level. Do not…