Weekly demand for motors is normally distributed with a mean of 1500 and a standard deviation of (1009). Motors are currently assembled in Taiwan and delivered at a cost of (1927)$/motor. The supplier takes four weeks to supply an order. A domestic manufacturer has offered to supply motors with a lead time of 1.5 weeks on average at a cost of (2159)$/motor. The motor manufacturer is targeting a CSL of 99.5 percent and monitors its inventory continuously. The manufacturer incurs a holding cost of 30%. Should the manufacturer accept the local supplier's offer?
Q: Project management is a critical aspect of organizational success, ensuring that tasks are completed…
A: The management of projects is an essential part of the organization's success machinery, confirming…
Q: How does a food company forecast demand for its meat snack and sausage products? Oberto Sausage, an…
A: Prediction or estimation about future events is called forecasting. Analyzing past data and…
Q: Vin recent years, Canada Post has experienced a significant threat to their profitability due to:…
A: The concept of threat to profitability refers to any factor that has the potential to negatively…
Q: Identify a real healthcare organization (hospital) within the United States. Based on the available…
A: Organization specifies an annuity in which one or more people or individuals work together for…
Q: 3. Examine the linkages between the process of outsourcing and the "race to the bottom.
A: Contracting out corporate operations to outside service providers, or outsourcing, has become a…
Q: What is difference between assembly plant compared to more typical auto assembly plants? - Why do…
A: Production management is the aspect that deals with all the activities and functions of the…
Q: How do you schedule 100 regular manufacturing employees working four to six-hour shifts and three…
A: Scheduling 100 regular manufacturing employees and three skilled employees over four to six-hour…
Q: How can staffing and cost improve the TELE-ICU program
A: The objective of the question is to understand how staffing and cost management can enhance the…
Q: The European Foundation for Quality Management is: Select one: a. A business association whose…
A: Quality management provides a structure for establishing, executing, supporting, and continually…
Q: How do I respondd to this in 100 words? For this week's discussion post, we have been tasked with…
A: In the contemporary business environment, teamwork has become an integral part of organizational…
Q: 1. _____ refers to providing basic software online free that gives everyone source code, thus…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Student question Time Left : 00:09:34 I. Case Study: The European Super League (ESL) The events…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: 5.1. What is the labour productivity per labour-hour for the solar panels manufactured at Motsei…
A: Let me state the given data, Daily production output=200 solar panels per day, labor hours per day…
Q: Question 2 The Walmart Store on MD Route 301 at Bowie has experienced the following demand for its…
A: MonthSales1562613554605666-The weights are 3, 2 and 1 respectively.
Q: What is the main function of development administration?
A: Achieving development goals and objectives: This involves:Formulating and implementing development…
Q: OPM 3000 HW #3 OPMFORMULA is a medium-sized baby formula production plant in Boston, Massachusetts.…
A: Production management is the aspect that deals with all the activities and functions of the…
Q: Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four…
A: The factor rating method refers to a method or technique to evaluate the outsourcing providers or…
Q: Joey and Monica were food and nutrition majors at State University, as well as close friends and…
A: Linear programming is a method for mathematical modeling that is used by the organization to make…
Q: Demand in each period follows the same normal distribution (i.e., there is one demand distribution…
A: Demand is the aspect of the market or business that is concerned with the desire or expectation of…
Q: Mangement Project management is a discipline that involves planning, organizing, and overseeing…
A: The given information explains the basic ideas of project management, which is a methodical way of…
Q: A pharmacist has been monitoring sales of a certain over-the-counter pain reliever. Daily sales…
A: Forecasting assists businesses and groups in making smart choices, managing resources well, and…
Q: (Use the information below to solve Q11 - Q20) Given the following information regarding a project:…
A: The network diagram for the above project can be drawn as:The different paths from the first event…
Q: Casper Computer(CC) produces X model of computers of its own brand by assembling computer parts…
A: Linear programming helps us to find the optimal solution/best outcome, given the constraintsWe want…
Q: what equation did you use? to get the earliest start time and latest start time and slack
A: Slack is the difference between the latest activities and the earliest activities.Slack can be given…
Q: 1-A complex value matrix is observed in traditional business systems. True or False? 2-A linear…
A: The value chain is the aspect of processes that are concerned with the entire range of tasks or…
Q: Examine the critical elements and methodologies involved in developing a robust business case and…
A: Project management is the branch of management that deals with organizing and overseeing the…
Q: 17. Models of inventory systems frequently consider the relationships among a beginning inventory, a…
A: The objective of the question is to establish a mathematical relationship between the beginning…
Q: Do you think it will ever be possible to develop a motivation framework that is applicable in all…
A: The quest for a universally applicable motivation framework stands as a compelling challenge,…
Q: Three mutually exclusive alternatives are being considered: Initial cost Benefit at end of the first…
A: In capital budgeting and investment planning, we analyze the profitability of a project. Discount…
Q: Porter's Five Forces Model is an essential framework for understanding industries and market forces…
A: The objective of the question is to analyze the market of GPS devices using Porter's Five Forces…
Q: How would you explain to a friend who didn't work in the health care industry about the concept of…
A: In operations management, risk relates to the expected event of occurrences or uncertainties that…
Q: Please Explain How do successful managers navigate the complexities of balancing short-term…
A: Successful management requires the ability to achieve short-term objectives without compromising…
Q: A supplier ships goods from Richmond, VA to three market places in 3 cities (Chicago, IL; Athens St.…
A: Given:ShipmentTransportation Rate($/cwt)CityWeight/dayLTL<50000 lbTL>50000 lbChicago, IL18000…
Q: eek What is the minimum annual total holding and ordering cost? Round-up to the nearest integer?
A: EOQ strikes the right balance between holding onto inventory and the costs of placing orders. EOQ…
Q: When performing MRP calculations, the planned order releases of an item are incor- porated into the…
A: Material requirements planning is the aspect of production management that is concerned with…
Q: The government agrees to give each constituent cold-weather gear because it is winter. Which of the…
A: International business is the aspect that deals with the business or trades of products, services,…
Q: Question 1. Research and describe the best approach that the council can take in promoting their…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: P11-1 Drawing simple CPM diagram and determining critical path From the following information draw a…
A: to find:the critical path of the network diagramthe minimum time required to complete the…
Q: The Chik-In Company has 14 poultry plucking workstations. During the week before Thanksgiving, the…
A: To place production capacity at an optimal level to meet demand, while cutting costs and maximizing…
Q: What practical considerations are deterrents to using the SOT rule?
A: The jobs are arranged according to increasing processing times according to the shortest processing…
Q: To introduce unemployment—its causes, consequences, and related data and concepts
A: Human resource practices are the aspect of the human resource department that deals with the…
Q: Formulate this problem to find the optimal assignment that maximizes the total skill level.
A: Let me state the given data, Project 1Project 2Project 3Staff 11085Staff 2697Staff 3476Here, the…
Q: Question PRODUCTIVITY POTENTIAL Question 1 COSMOS is engaged in printing operations involving two…
A: Company A: 2000 copies/month * 12 months/year = 24,000 copies/yearCompany B: 6000 copies/month * 12…
Q: An activity's crash cost includes O Total O Direct O Indirect O Normal 4 O Overhead costs.
A: For each activity in a project, we can use a standard time, This standard time is nothing but the…
Q: An online retailer wants to sell scarfs for the winter season with three designs; A, B, C. A B C…
A: Find the given details below:
Q: Recently, the following two projects have been proposed for South Australia: The construction of…
A: Project management is the aspect of management that is concerned with managing, allocating, and…
Q: 1) Construct a PERT network.
A:
Q: Assignment 2 – Activity Title A: Practical HRM in Aviation nstruction: Select an airline and cover…
A: Human resources management is the process of finding, hiring, teaching, and paying a company's…
Q: the township of Hiles. Shörten the project three weeks by minimizing the additional crash costs. e…
A: A network diagram is a graphical representation of a project that helps to identify the activity…
Q: Mr. Miller's small consulting firm specializes in providing internal control advice to his clients.…
A: The learning curve is a visual representation of how long it takes to acquire new skills or…
solve it on a paper please
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- H & K Electronic Warehouse sells a 12-pack of AAA batteries, and this is a very popular item. Demand for this is normally distributed, with an average of 50 packs per day and a standard deviation of 16. The average delivery time is 5 days, with a standard deviation of 2 days. Delivery time has been found to be normally distributed. A 96% service level is desired. What is the standard deviation of demand during the lead time? How much safety stock should be carried, and what should be the reorder pointAlina Limited is a manufacturer of widgets orders components for use in manufacturing. The estimated demand for the components during the coming year is 15,000. Order costs are $100 per order; carrying costs are $12 per component. Using the economic order quantity model What is Alina Ltd’s optimum order quantity? If the supplier guarantees a three (3) day delivery on any order that is placed, What is the re-order point?A boutique cafe in the city operates 365 days a year. The cafe has an annual demand for food products of 60,000 units with an equal daily demand across the year with the standard deviation of the daily demand of 60 units. The supplier of the products charges the cafe the base rate of the products’ price of $200 per unit and the base rate for the ordering cost including delivery of $500 per order. The supplier has agreed that it will take four days to fulfill (deliver) the orders for the cafe. The products are kept in the cafe's store, and the annual holding cost per unit is 5% of the product’s unit price. In order to build a long-term relationship, the supplier offers discounted prices for different order quantities. For any order quantity below 2,000 units, the products and the ordering cost will be priced at the base rate. For any order quantity between 2,000 and 4,999 units, the cafe will receive a 5% discount on the base rate of the products’ price and a 10% discount on the base…
- Samsung implements a Continuous Inventory System for an electronic component. The inventory manager of Samsung is trying to determine the safety stock and reorder point for that component. It takes 4 days for the supplier to ship the components to Samsung after they receive the order. Samsung expects to have a daily demand of 100 units. The standard deviation of daily demand is 50 units. After a lengthy debate, the management team at Samsung agrees to target an 87% service level. What is the amount of safety stock? If your answer is not an integer, keep two decimal points.Daily demand for product sample kits is normally distributed with a mean of 35 units and a standard deviation of 4. Supply is virtually certain with a lead time of 9 days. The cost of placing an order is $20, and annual carrying costs for one kit is 25 percent. The price of one kit is $12.50. Assume a year has 365 days.If a 99% service level is desired, what is average inventory on hand? If demand had no variation, what would the reorder point be?The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms. The average daily demand for the product is 1,500 units and a standard deviation of 300 units. Average shipping time is 5 days. Of course, if the order is placed at the end of the week, it may take a little longer to receive the shipment, so the standard deviation of the delivery time is 2 days. The unit has a value of R$ 50.00 per unit in stock, an order cost of R$ 50.00 and an annual maintenance fee of 20%. Assume the service level is 99.5%. How much safety stock should the company have? ( )7,500 units ( )19,350 units ( )3,074 units ( )7,916 units
- 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 the company Marombeiro wants to have a Service Level of 97%. What would be the safety stock that would guarantee this level of service? ( )3,460 units ( )7,930 units ( )5,768 units ( )4,826 unitsUniversity Drug Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. The standard deviation of daily demand was derived from examining prescriptions filled over the past three months and was found to be 800 capsules. It takes five days for the order to arrive. University Drug would like to satisfy 99 percent of the prescriptions. The salesperson just arrived, and there are currently 25,000 capsules in stock. How many capsules should be ordered?Suppose the weekly demand at each regional distribution center (RDC) is normally distributed with a mean =117 and standard deviation =23. The company is considering to replace the RDCs with one central distribution center (CDC). The CDC would continue to have a continuous review policy, and the delivery lead time from Asia will remain 8 weeks. What is the average weekly demand at CDC?
- Peter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand for a special type of tubing was 186 packages of this tubing with a standard deviation of 13 packages of tubing. The lead time for receiving this tubing from the supplier is 1.5 weeks. Peter would like to maintain a 95% service level and places an order for 750 packages every time an order is placed. d) If the weekly demand is 186 and there is a 1.5 week lead time - what is the reorder point (99% service level)? e) If the carrying cost per year is $0.50/unit/year - what is the additional cost associate with the 99% service level compared to 95% service level (i.e. cost of safety stock at 99% level - cost of safety stock at 95% service level)? solve on excelPeter Sagan is in charge of maintaining hospital supplies at Champs Hospital. During the past year the mean weekly demand for a special type of tubing was 186 packages of this tubing with a standard deviation of 13 packages of tubing. The lead time for receiving this tubing from the supplier is 1.5 weeks. Peter would like to maintain a 95% service level and places an order for 750 packages every time an order is placed. d) If the weekly demand is 186 and there is a 1.5 week lead time - what is the reorder point (99% service level)? e) If the carrying cost per year is $0.50/unit/year - what is the additional cost associate with the 99% service level compared to 95% service level (i.e. cost of safety stock at 99% level - cost of safety stock at 95% service level)?Maxantene Products buys 300,000 units of a crucial input per year from a supplier that fulfills its orders within two days after receiving them. Maxantene Product submits its orders directly to the supplier through a Web interface, so its lead time is the supplier two day turnaround time. Each order cost Maxantene Products about P500 to place, while carrying cost are about P60 per unit per year. The company seek to maintain a five day usage level in a safety stock. Assume a 365 day year. ------------- a.What is Maxantene Products economic order quantity for this input? b. What is Maxantene Products' carrying cost at the EOQ? * c. At what inventory level of this input should Maxantene re-order?