point, wu is $70 per chair per year. Given the following demand probabilities during the lead time, how much safety stock should be carried? Demand During Lead Time Probability 0.2 0.2 0.2 100 200 300 400 0.2 0.2 The optimal quantity of safety stock which minimizes expected total cost is units (enter your response as a whole number).
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- Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs. Carrying cost is $40 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand probabilities during the lead time, how much safety stock should be carried? Demand During Lead Time Probability 0 0.2 100 0.2 200 0.2 300 0.2 400 0.2 The optimal quantity of safety stock which minimizes expected total cost is _ units (enter response as a whole number).Authentic Thai rattan chairs (shown in the photo)are delivered to Gary Schwartz’s chain of retail stores, called TheKathmandu Shop, once a year. The reorder point, without safety stock,is 200 chairs. Carrying cost is $30 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand prob-abilities during the lead time, how much safety stock should be carried? DEMAND DURING LEAD TIME PROBABILITY0 0.2100 0.2200 0.2300 0.2400 0.2Authentic Thai rattan chairs (shown in the photo) are delivered to Gary Schwartz’s chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs. Carrying cost is $30 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand probabilities during the lead time, DEMAND DURING LEAD TIME PROBABILITY0 0.2100 0.2200 0.2300 0.2400 0.2 a)How much safety stock should be carried? b) calculate ROP
- Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Please include/fill the table and solve for EOQ. Thank you so much!The demand at Arnold Palmer Hospital for a special-ized surgery pack is 60 per week, virtually every week. The lead time from McKesson, its main supplier, is normally distributed, with a mean of 6 weeks for this product and astandard deviation of 2 weeks. A 90% weekly service level isdesired. Find the ROP.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.
- Lead time for one of your fastest-moving products is21 days. Demand during this period averages 100 units per day.a) What would be an appropriate reorder point?b) How does your answer change if demand during lead timedoubles?c) How does your answer change if demand during lead timedrops in half?Barbara Flynn is in charge of maintaining hos-pital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60 (and wasnormally distributed). Furthermore, the standard deviation forBX-5 was 7. Ms. Flynn would like to maintain a 90% service level.a) What safety stock level do you recommend for BX-5?b) What is the appropriate reorder point?Dairy Ice Cream sells 12,000 gallons of ice cream each month from its central storage facility. Monthly carrying costs are P0.10 per gallon and ordering costs are P50 per order. Ignore potential stock out costs and assume a 30-day month. What is the EOQ? What is the average inventory? What is the total inventory cost for the month?
- Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, themean lead time demand for bandage BX-5 was 60 (and wasnormally distributed). Furthermore, the standard deviationfor BX-5 was 7. Ms. Flynn would like to maintain a 90%service level. a) What safety stock level do you recommend for BX-5?b) What is the appropriate reorder point?Ollah's Organic Pet Shop sells bags of cedar chips for pet bedding or snacking (buyers choice). The supplier has offered the following terms: Order 1-100 bags, and the price is $6.00 a bag. Order 101 or more and the price is $4.50 a bag. Annual demand is 630, fixed ordering costs are $9 per order, and the per bag holding cost is estimated to be around $2 per year. What order quantity should Ollah order, based on the volume discount? Is this different from the EOQ? if so how could this be? please show calculations.Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given the information provided below, complete the following table: Annual demand 26,000 dozen Cost per order placed P30 Carrying cost 20% Price per dozen P7.80 Order Size (Dozen) 250 500 1,000 2,000 13,000 26,000 Number of orders Average inventory Carrying cost Order cost Total cost 1. What is the EOQ? Thank you so much!