The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $10.There is a carrying cost of $0.010 per unit per week. Beginning inventory is 100 units.WEEK410Gross requirements 4020540203060802060100Use the least total cost and the least unit cost lot-sizing methods to determine the quantity to order with the first order released witheach method and which periods' requirements will be covered by that order.Quantity Ordered Periods CoveredLeast total costLeast unt cost

Least total cost method: Item A Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8…

Answered: The MRP gross requirements for Item A…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Reorder Point Ordering: Average demand per day () is 25 units, with a std. dev. of (od) 15 units. Lead time (LT) is 49 days. Find demand during lead time (DDL), safety stock (SS) and reorder point (ROP ) for 4-sigma (z = 4). DDL= 500 units, SS = 1225 units, ROP = 1645 units DDL= 1,645 units, SS=420 units, ROP = 1225 units DDL= 1,225 units, SS = 420 units, ROP = 1645 units DDL= 0 units, SS = 1225 units, ROP = 420 units DDL= 420 units, SS = 1645 units, ROP = 420 units
Assume that Product Z is made of two units of A and three units of B. A is made of four units of C and four of D. D is made of two units of E Lead times for purchase or fabrication of each unit to final assembly are: Z takes two weeks; A, B, C, and D take one week each; and E takes three weeks. Fifty one units of Product Z are required in Period 10. (Assume that there is currently no inventory on hand of any of these items.) b. Develop an MRP planning schedule showing gross and net requirements and order release and order receipt dates. (Leave no cells blank - be certain to enter "0" wherever required.) Period 6 8 10 Gross requirements Scheduled receipts Item Z OH = 0 LT = 2 SS = 0 Q = L4L Projected available balance Net requirements Planned order receipts Planned order releases Gross requirements Item A OH = 0 LT = 1 SS = 0 Q = L4L Scheduled receipts Projected available balance Net requirements Planned order receipts Planned order releases Gross requirements Scheduled receipts Item B…
Develop a solution with PPB Lot-Sizing technique and calculate the total relevant costs for the gross requirements in the following table Period 1 Gross requirements 30 2 3 30 Period Gross requirements On-hand at beginning of period 40 On-hand at end of period 4 Develop a PPB solution (enter your responses as whole numbers) 2 1 30 5 6 7 30 60 30 "Holding cost-$2 50/unit/week, setup cost = $200, lead time=1 week; beginning inventory = 40. 3 30 Order receipt Order release The total cost is $ (enter your response as a whole number) 8 4 9 10 11 12 20 80 50 5 6 7 30 60 30 8 9 20 80 10 11 12 50
Reorder Point Ordering: Average lead time (??⎯⎯⎯⎯⎯⎯⎯⎯)(LT¯) is 20 days, with a std. dev. (???)(σLT) of 6 days. Daily demand (?)(d) is 50 units (constant). Find safety stock (??)(SS) and reorder point (???)(ROP) for ?=2z=2. Group of answer choices SS=80.5 units, ROP=1080.5 units SS=53.7 units, ROP = 1053.7 units SS=900 units, ROP=1,900 units SS=600 units, ROP = 1,000 units SS=600 units, ROP=1,600 units
Develop a EOQ solution and calculate total relevant costs for the gross requirements in the following table*. Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 *Holding cost =$ 2.50/unit/week; setup cost =$ 150; lead time =1 week; beginning inventory =40. What is the average demand per week? with 2 decimal places): Calculate Economic Order Quantity (EOQ) Develop a EOQ solution (enter your responses as whole numbers). Period 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements 20 30 30 30 20 10 40 60 Scheduled receipt…
Describe methods other than the EOQ and EPQ for evaluating order amounts.
The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $10. There is a carrying cost of $0.02 per unit per week. Beginning Inventory is 72 units. WTEK 10 Gross requirenente 21 12 15 45 10 30 100 20 40 150 Use the least total cost lot-sizing method to determine the quantity to order with the first order released and which periods' requirements will be covered by that order. Least total cost method indicates that unite nhould be ondered to cover the needs for periods
Use ABC analysis to determine the items deserving mostattention and tightest inventory control.
Reorder Point Ordering: Average daily demand ( d) is 5 units with a std. dev. (od) of 1 unit. Average lead time ( LT) is 24 days with a std. dev. (OLT) of 1 day. The inventory manager wants to operate within 3 std. deviations (z = 3). Find the reorder point (ROP) and safety stock (S). ROP=141, SS=120 ROP=141, SS=21 ROP=120, SS=21 ROP=21, SS=141
Part (A) To control the inventory, organizations have three alternate approaches: Economic Order Quantity (EOQ). Materials Requirements Planning (MRP) and Just-in-Time (JIT). Discuss those three approaches identify the goal of each one? And how the organization can achieve such a goal? Part (B) Some threats could be happened in the production cycle, one of them is over or under production threat. Discuss two problems and two controls related to this threat. for the toolbar, press ALT F10 (PC) or ALT+FN+F10 (Mac).
Basic EOQ Model Item X is a standard item stocked in a company's inventory of spare parts. Each year, the firm uses about 2,000 units of Item X, which costs Php 1,000 per unit. Storage costs, which include insurance and cost of capital, amount to 18 percent of item unit cost. Placing an order for more of Item X costs Php 400. The company operates 360 days per year and Item X is received 9 days after placement of order. How much would be Item X's total annual purchasing cost? * O Php 8,485 O Php 2,000,000 None of the above Php 16,971
Production Quantity Model A manufacturing company operates 300 days a year with an annual demand for component C of 43,200 units. The fabrication department at the company is able to produce 800 units per day and send them over to assembly while production is in progress. If assembly sends a work order for 11,200 units of component C to fabrication, how long is the order receipt period? Given the order quantity in the previous question, what is the average inventory level for component C?

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