If D 8,000 per month, S = $45 per order, and per unit per month, is the economic order quantity? does your answer change if the holding cost doubles? if the holding cost drops in half? PX
Q: How do organizations navigate the intricate balance between maintaining optimal inventory levels to…
A: Businesses may determine which goods, in what quantity, and at what time by using inventory…
Q: Explain why research is described as a systematic process?
A: The objective of the question is to understand why research is often described as a systematic…
Q: Explore the nuances of persuasion by focusing on the credibility, likability, and attractiveness of…
A: The objective of this question is to understand the role of credibility, likability, and…
Q: begi year, depart stor been recording sales data to be used to compute 4-period moving averages to…
A: Assume that:Sales = AFor Forecast of October =
Q: RoboGarden sells a robot lawn aerator. At the current price, RoboGarden's contribution margin is…
A: Here is the formula to calculate the breakeven percentage when both the variable cost and selling…
Q: Fuel Up Restaurant is nestled near the bustling library of Westford University, "Fuel Up" isn't your…
A: Fuel Up, a student-centred restaurant close to Westford College focuses on health, efficiency, and…
Q: Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by…
A: Let me state the given data, WeekValue118211314410517612Here, I will use the three-week moving…
Q: supply
A: A supply chain is an arrangement of interdependent systems, resources, capacities, and technologies…
Q: The specifications for a plastic liner for a concrete highway project calls for thickness of 5.0 mm…
A: Givenprocess mean=5process S.D=0.02
Q: 16. Briefly describe the following methods of purchasing, specifying an example of the type of…
A: Purchasing methods in the foodservice industry are crucial for the efficient operation of the…
Q: Francis Johnson’s plant needs to design an efficient assembly line to make a new product. The…
A: Cycle time is defined as the time expected to finish one full cycle of a process or operation. It…
Q: Which does not come under Schroeder's decision-making category of process? (Select one) 1) Layout of…
A: The objective of the question is to identify which option does not fall under Schroeder's…
Q: A warehouse storage building company must determine how many storage sheds of each size-large or…
A: Linear programming is a mathematical method used to find the best possible outcome or solution from…
Q: Introduce what five leadership skills are most important for successful leaders to demonstrate.…
A: The first important leadership skill is Communication. Communication is the ability to convey…
Q: Your insured lives in an apartment but takes a temporary position in another city and must store…
A: The objective of the question is to determine what a Tenant's insurance policy would cover in the…
Q: Draw up a flow chart of the operations needed to make an ashtray. Call each operation by name
A: Creating an ashtray involves a series of meticulous operations, each contributing to the final…
Q: Piepkorn Manufacturing Working Capital Management Case Study
A: Piepkorn Manufacturing Working Capital Management Case Study:Introduction to Working Capital…
Q: determine.... What strategies can organizations use to manage project risks effectively within their…
A: A collection of procedures known as a project management framework aids project managers in…
Q: I don't need AI generated answer. Discuss quality management and apply the tools of quality…
A: A complete strategy to guarantee that goods and services meet or beyond client expectations is known…
Q: Barbara Flynn's company has compiled the following a small set of products: ANNUAL DEMAND A B C D E…
A: ItemAnnual demandUnit costA100$300B75$100C50$50D200$100E150$65
Q: Develop a 1 year periodized program for a Major League Baseball population. Use the traditional…
A: Major League Baseball (MLB) - is a professional baseball league in North America, consisting of 30…
Q: What is OEE and also calculate the OEE from the given data in below table Items Data Shift Length 8…
A: Given, a table of data.It is required to explain the OEE and then calculate the OEE for the given…
Q: How can companies use market research to validate and refine their value propositions?
A: Market research serves as a vital tool for companies seeking to validate and refine their value…
Q: Which of the following is not a form of measurement validity? a) Concurrent validityb) Conductive…
A: The objective of the question is to identify the term that does not represent a form of measurement…
Q: sk of material misstatement in the purchasing process is critical. Identify two different…
A: Managing the risk of material misstatement in the purchasing process is vital to ensuring the…
Q: Hale's TV Production is considering producing a pilot for a comedy series in the hope of selling it…
A: The detailed solution is provided below.Explanation: 2) WHAT IS THE RECOMMENDED DECISION IF AGENCY…
Q: Complete the following MRP table given the following: LT= 1 period Q (order quantity)= multiples of…
A: The following are the steps to fill the MRP schedule:Calculate Net Requirements: Start with the…
Q: The following time series represents the number of automobiles sold by a car dealership each of the…
A: a.) The correct time series plot for the given data is the third plot.The time series plot shows a…
Q: Bindley Corporation has a one-year contract to supply motors for all washing machines produced by…
A:
Q: Centerville Bikes and Stuff (CBS) sells motorcycles and accessories. The number of helmets sold by…
A: Answers are given below:Explanation:Answers:a) What type of pattern exists in data?Answer: The data…
Q: Month Actual Forecast Jan 100 100 Feb 110 Mar 200 Apr 140 For the above data,…
A: The objective of the question is to calculate the exponential smoothed forecast for March using the…
Q: An anti-modification clause: O a) prevents the terms of a contract from being changed by repeated…
A: The objective of the question is to identify the correct definition of an anti-modification clause…
Q: How is break even analysis used for process selection?
A: Break-even analysis is the process of determining when all expenses and total revenue are equal. A…
Q: = The table below defines the precedence relationships and element times for a new model toy. (a)…
A: Ideal cycle time = 1.1 minuteRepositioning time = 0.1 minuteUptime proportion = 1.0 minute
Q: Which of the following is not a form of nonrandom sampling?a) Purposive samplingb) Snowball…
A: The objective of the question is to identify which of the given options is not a form of nonrandom…
Q: n an assembly operation at a furniture factory, ten employees assembled an average of 600 custom…
A: Productivity is measure of output produced per single unit of input. It shows how much we get for a…
Q: Internal failure costs
A: The issue here is to identify which of the given choices addresses a kind of cost that is directly…
Q: A B 6 Variable Cells 7 8 ܂ ܗ ܣ 9 10 $C$4 Acres allotted Corn 11 12 Constraints 13 14 N Cell Name…
A: Sensitivity analysis (or post-optimality analysis) is used to determine how the optimal solution is…
Q: Can you show on excel and determine the number of each person that will be needed to complete the…
A: There is a total of two skill levels, The constraints are offices vacuumed per hour and floors…
Q: Briefly enumerate w hat are the benefits of job rotation programs for skill development of…
A: Job rotation programs include methodically moving employees through various roles and…
Q: Consider the following linear programming model: MAX Z=MAX(4X₁ + 2X₂ +5X₂) -----> Objective function…
A: Linear programming helps us to find the optimal solution/best outcome, given the constraints.
Q: Discuss the impact of batch production on production costs and profitability.
A: Batch manufacturing is a method that produces a large number of comparable products at once. The…
Q: Zeus Computer Chips, Incorporated, used to have major contracts to produce the Centrino-type chips.…
A: QuarterPeriodDemand Two Years AgoI14820II23520III34320IV43020Last…
Q: Consider the following Integer Linear Program: Minimise: 5x1 4x2 Subject to: X1 + X2 > 6 X1 + 4x2 >…
A:
Q: What purposes does an ethical framework serve? How does culture influence the creation of an ethical…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: select any company and do the following Quality Improvement Process for it…
A: Introduce the selected company.Briefly mention the purpose of the report, focusing on implementing a…
Q: Help me calculate the fixed production cost for option 1
A: The objective of the question is to calculate the fixed production cost for option 1, which involves…
Q: How does the Transportation Model contribute to minimizing transportation costs for businesses?
A: The Transportation Model, a form of LPP (Linear Programming Problem), aims to transport a product at…
Q: How can the success of scheduling system be measured?
A: In project management, scheduling is the process of thoroughly outlining a project and formulating a…
Q: Explain the challenges of storing and managing big data
A: Storing and managing big data presents significant challenges for organizations due to the sheer…
Answer 12.8
Step by step
Solved in 5 steps with 8 images
- Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.A distributor of large appliances needs to determine the order quantities and reorderpoints for the various products it carries. The following data refer to a specii c refrigeratorin its product line:Cost to place an orderHolding costCost of refrigeratorAnnual demandStandard deviation of demand during lead timeLead time$10020 percent of product cost per year$500 each500 refrigerators10 refrigerators7 daysConsider an even daily demand and a 365-day year.a. What is the economic order quantity?b. If the distributor wants a 97 percent service probability, what reorder point, R, shouldbe used?Your company makes hand sanitizer in two lines: Moisturizing+, and StandardSoap. On the market, Moisturizing+ retails for $175/L and StandardSoap retails for $95/L. You make the hand sanitizer by combining lotion, soap, and secret ingredient SpecialX. These ingredients are purchased from a mysterious supplier, and you can purchase at most 4000L of lotion, 5000L of soap, and 750L of SpecialX in a month. Lotion costs $25/L, soap costs $10/L, and SpecialX costs $35/L. To make 1L of Moisturizing+, you need to combine 0.5L of lotion, 0.3L of soap, and 0.2L of SpecialX. To make 1L of StandardSoap, you need to combine 0.4L of lotion, 0.55L of soap, and 0.05L of SpecialX. Your company has committed to donating 500L of StandardSoap to a local charity. Since this is a donation, you will not receive any revenue. However, the costs and purchasing limits apply to both the hand sanitizer that is sold on the market and donated to charity. You want to maximize your monthly profit. Assume that…
- A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics:Demand 1D2 = 2,000 units/yearDemand is normally distributedStandard deviation of weekly demand = 3 unitsOrdering cost = $40/orderAnnual holding cost 1H2 = $5/unitsDesired cycle@service level = 90 percentLead time 1L2 = 4 weeksa. If the company uses a periodic review system, what should P and T be? Round P to the nearest week.b. If the company uses a continuous review system, what should R be?A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-irons, which have the following characteristics:Demand (D) = 2,000 units/yearDemand is normally distributedStandard deviation of weekly demand = 3 unitsOrdering cost = $40/orderAnnual holding cost (H) = $5/unitsDesired cycle-service level = 90 percentLead time (L) = 4 weeksa. If the company uses a periodic review system, what should P and T be? Round P to the nearest week.b. If the company uses a continuous review system, what should R be?Forrest and Dan make boxes of chocolates for which the demand is uncertain. Forrest says, “That’s life.” On the other hand, Dan believes that some demand patterns exist that could be useful for planning the purchase of sugar, chocolate, and shrimp. Forrest insists on placing a surprise chocolatecovered shrimp in some boxes so that “You never know what you’ll get.” Quarterly demand (in boxes of chocolates) for the last 3 years follows: Quarter Year 1 Year 2 Year 3 1 2 3 4 3,000 1,700 900 4,400 3,300 2,100 1,500 5,100 3,502 2,448 1,768 5,882 Total 10,000 12,000 13,600 a. Use intuition and judgment to estimate quarterly demand for the fourth year.b. If the expected sales for chocolates are 14,800 cases for year 4, use the multiplicative seasonal method to prepare a forecast for each quarter of the year. Are any of the quarterly forecasts different from what you thought you would get in part (a)?
- The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility: Item Unit Cost Usage Item Unit Cost Usage K34 $10 200 F99 20 60 K35 25 600 D45 10 550 K36 36 150 D48 12 110 M10 16 25 D52 15 110 M20 20 80 D57 40 120 Z45 80 200 N08 30 40 F14 20 300 P05 16 500 F95 30 800 P09 10 30 Determine the percentage of items in each category and the annual dollar value for each category for part bHayes electronics assumed with certainty that the ordering cost is $450 per order and the inventory carrying cost is $170 per unit per year. However, the inventory model parameters are frequently only estimates that are subject to some degree of uncertainty. Consider four cases of variation in the model parameters as follows: (a) both ordering cost and carrying cost are 10% less that originally estimated, (b) both ordering cost and carrying cost are 10% higher than originally estimated, (c) ordering cost is 10% higher and carrying cost is 10% lower than originally estimated, and (d) ordering cost is 10% lower and carrying cost is 10% higher than originally estimated. Determine the optimal order quantity and total inventory cost for each of the four cases. Prepare a table with values from all four cases and compare the sensitivity of the model solution to changes in parameter values.AAA auto supply store sells snow tires which are ordered every Friday to meet next week's demand. The sales price for the most popular size is $50 per tire and its cost for AAA is $35. If too many tires are ordered AAA incurs an inventory carrying cost of $2 per tire. If AAA is out of stock, it forgoes the profits from missed sales. AAA has the option to order 100, 150, or 200 tires to meet next week's demand which can be either 100, 150, or 200 tires.Based on its historical demand distribution, assume that AAA Inc. has determined the followingprobability information: P(100) = 0.4, P(150) = 0.3, and P(200) = 0.3.a. Which alternative should be chosen based on the maximax criterion?b. Which alternative should be chosen based on the maximin criterion?c. Which alternative should be chosen based on the Lapalce criterion?d. Which alternative should be chosen based on criterion of realism with alpha = 0.7?e. Which alternative should be chosen based on the minimax regret criterion?f. Which…
- Geox Ltd buys shoes from a supplier in Italy and sells them on to retailers in Australia. Geox Ltd currently uses an EOQ model to determine the number of shoes to send to order. The annual demand for shoes is approximately 45,600. The ordering cost is $55 per order. The annual cost of physically storing shoes is $8.75 per unit. The insurance on the inventory (shoes) cost is $4.25 per unit. The opportunity cost (annual ROI 25% x $30) is $7.50 per unit. The accountant of Geox Ltd, Richard Branson, recently attended a seminar on Just-in-Time (JIT) and is considering how the ideas of JIT differ from traditional techniques like EOQ and how they may help to manage inventory more efficiently. REQUIRED: A) Use the EOQ model to determine the optimal number of shoes per order. (show calculations) B) If it takes two weeks to receive an order, at what point should Geox Ltd reorder shoes? (show calculations) C) Geox Ltd has determined that demand may vary from the average by up to 25%. To handle…Please do not give solution in image format thanku A company produces sandals in four different patterns for summer. The demand for all four patterns is seasonal and normally distributed. Each of the four patterns has an expected demand of 10,000 pairs with a standard deviation of 4,000 pairs. Currently, all patterns are produced before the start of the season. Production cost is $20 per pair, and they are sold for a wholesale price of $36 per pair. Any unsold sandal at the end of the season is sold at discounted price of $15 per pair. It costs $1 per pair to hold the sandals in inventory for the entire season if it does not sell. The company is considering the postponement of printing the pattern of the sandals. This will require the base sandals to be made in advance (identical for each of the four models) and the final patterns to be printed later. This will increase production cost of sandals to $22. 5 per pair. What is the optimal cycle service level before postponement? (choose…Morgan Stokes, a division 3 collegiate volleyball player, wears a lot of athletic apparel such as shorts, yoga pants, tights, and tops. She loves having the latest styles and colors but likes to save money too. Morgan has discovered that she can purchase the top quality brands such as Nike and Under Armour at Academy Sports + Outdoors. The store is not as large as Dick’s Sporting Goods, but Morgan believes the selection, price point, and level of quality is very competitive. She enjoys purchasing name-brand items at 25% to 30% savings compared to Dick’s Sporting Goods. Which of the following best describes Morgan and her selection of Academy as her preferred store for sports apparel? Morgan Stokes, a division 3 collegiate volleyball player, wears a lot of athletic apparel such as shorts, yoga pants, tights, and tops. She loves having the latest styles and colors but likes to save money too. Morgan has discovered that she can purchase the top quality brands such as Nike and…