In a sales rebate contract, a rebate is paid by supplier for any items sold above certain. Select one: Oa Quantity Ob. Price Oc Sales locations Od. Inventory Level
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A: EOQ=2DSH=2×21,000×1253=1,750,000=1,322.88 Hence, the EOQ is 1,322.88 units.
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A: EOQ = 120 units (rounded to nearest integer since decimal value cant be procured)
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A: EOQ=2DSH=2×5,000×250.25×6.4=395.28 Hence, the EOQ is 395.28.
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A: Given: Annual Requirement (A) = 2000 units Ordering cost (O) = 40 per order Carrying Cost (C)= 10%…
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- b) Describe briefly about; i. Inventory, and Inventory cost ii. The purpose to have sales and operations planning c) Give at least ONE (1) example of; i. Product categorized as dependant demand ii. Product categorized as independent demand d) World Cycle is a centre for a new Malaysian made bicycle. It cost the company RM 1200 to order each bicycle from the manufacturer with handling cost of RM 100 for each unit. The company estimates the total annual demand will be 3000 units with a constant demand rate through-out the year. The store policy is never to have stock of the bicycle since it takes within minutes to receive it after placement order from a local warehouse. The company is open for business every day except public holidays. Malaysian public holidays, including Saturday and Sunday are 120 days a year. Determine; i. Optimal order quantity per order ii. Minimum total annual inventory costs iii. The number of orders per year iv. The working days between orders19. SPRAY-PAINT INVENTORY The Graphic Hobby House made purchases of assorted colors of spray paint during the year as follows. Beginning inventory 200 cans at $2.20 March 400 cans at $2.40 May 700 cans at $2.00 August 500 cans at $2.30 November 300 cans at S2.60 At the end of the year, they had 450 cans of spray paint in stock. (a) Find the inventory value using the weighted-average method. (b) Find the inventory value using the FIFO method. (c) Find the inventory value using the LIFO method.A firm orders a number of items from a regional warehouse every 2 weeks. Deliverytakes 1 week. Average demand is 200 units per week, and safety stock is held at2 weeks’ supply.a. Calculate the target level.b. If 600 units are on hand, how many should be ordered?
- PT Cahaya Pintar Utama (PT. CPU) makes special lights that are popular in new homes. PT. CPU demand for two popular lights (VX-1234 and BX-1010) to be the following over the next 12 weeks, as listed in Table 2. Table 2. Demand data Week 1 2 3 4 5 6 7 8 9 10 11 12 VX-1234 82 94 78 96 105 90 86 75 88 98 110 100 BX-1010 250 280 301 312 290 300 275 286 310 334 350 318 A key component in both lights is a light socket that the bulb is screwed into in the base fixture. Each light has one of these sockets. Given the following information (Table 3). Table 3. Information VX-1234 BX-1010 Light Socket On Hand 185 425 620 Lot Size 325 600 500 (purchase quantity) Lead time (week) 1 1 3 Safety Stock 0 10 20 On Order 50 (week 5) 150 (week 4) - Questions: Develop and complete the material requirement planning to plan the production of…A jewelry shop procures a ring at $20 each and sells it at $80 each. Weekly demands for the ring over the past 20 weeks are as follows. Demand 51 52 53 54 55 56 57 58 59 60 Frequency o 1 3 2 2 3 4 2 2 1 What are the under-stocking and over-stocking costs for the shop? What is the newsvendor critical ratio? How many rings per week should the shop order? Suppose that the weekly demand is uniformly distributed between 40 and 80. How many rings per week should the shop order?1. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the EOQ. 2. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total carrying cost. 3. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total ordering cost. 4. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the number of orders required per year. 5. Minmax Processing Company has an average requirement of 5 boxes of…
- Ikagami Retail receives shipments of a particular product from Booker Store and PaulEnterprises. Let x = number of units of product received from Booker Store y = number of units of products received from Paul Enterprises Requirement: a. Write an expression for the total number of units of products received by Ikagami Retail.b. Shipments from Booker Store cost P20 per unit, and shipments from Paul Ent cost P25 per unit. Develop an objective function representing the total cost of shipments to Ikagami.c. Assuming a monthly demand at Ikagami is 5,000 units, develop a constraint that requires 5,000 units to be shipped to Ikagami.d. No more than 4,000 units can be shipped from Booker, and no more than 3,000 from Paul. Develop constraints to model this situation.e. Of course, negative amounts cannot be shipped. Combine the objective function and constraints developed to state a mathematical model for satisfying the demand at Ikagami at minimum cost.Ikagami Retail receives shipments of a particular product from Booker Store and PaulEnterprises. Let x = number of units of product received from Booker Store y = number of units of products received from Paul Enterprises Requirement: a. Write an expression for the total number of units of products received by Ikagami Retail.b. Shipments from Booker Store cost P20 per unit, and shipments from Paul Ent cost P25 per unit. Develop an objective function representing the total cost of shipments to Ikagami.c. Assuming a monthly demand at Ikagami is 5,000 units, develop a constraint that requires5,000 units to be shipped to Ikagami.Identify the causes of the seasonal demand pattern for Diamonds.Determine the inventory order quantity for each of the three (3) primary ingredients thatDiamant Foods orders from its suppliers.
- A company's distribution and warehouse expenses do NOT include which one of the following? a) The costs of processing, boxing, packaging, handling, and shipping orders to footwear retailers and -online buyers b)A standard import tariff of $4.00 per pair on any pairs imported from the company's foreign production facilities--tariffs are due and payable at the port of entry rather than when the pairs are sold c)Annual leasing and maintenance fees of $1 million for each of the company's four distribution centers; however, such expenses fall to 5 times the number of pairs sold when warehouse volume in any region is less than 200,000 pairs annually (should company managers decide to abandon selling footwear in a geographic region, leasing and maintenance costs will fall to $0 (resuming if/when sales begin again) d)The inventory costs of carrying unsold pairs over from the prior year ($0.50 per pair on required inventrory and $1 per pair on additional unsold pairs) e)Per pair freight…***** The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Suppose Company Marombeiro wants to change the service to 99%. How many days of safety stock the company will have. ( )5.12 days ( )5.67 days ( )5.33 days ( )4.77 days1. Determine the inventory order quantity for Diamant’s distributor.2. Compare the optimal order quantity with a seasonally adjusted forecast for demand. Doesthe order quantity seem adequate to meet the seasonal demand pattern for Diamonds(i.e., is it likely that shortages or excessive inventories will occur)?