You are conducting a retrospective analysis for an Order-Up-To system (thus, the unsold inventory at the end of a week is carried over to the next week). The beginning inventory in week 1 is 150 units, the demand in week 1 is 180 units and the demand during week 2 is 250 units. If you receive a shipment of 115 units every week, at the end of week 2,     the inventory level is 180       the inventory level is 200       the inventory level is 310       the backorder level is 30       the backorder level is 50       none of the above is correct

The annual demand for pollock (a type of fish) at Ant Kitchens is 1000 pounds.  The per pound cost of Pollock for Ant Kitchens $4.00.  Fish are delivered frozen from the supplier three weeks after the order is placed.  Each time an order of Pollack is received, Ant incurs $200 in handling costs to store the Pollack for use.  Ant Kitchens cost of capital is 20%.  Assume 50 weeks in a year.   a) If Ant currently orders pollock 4 times per year, what are the inventory ordering and holding costs associated with this policy?   b) What is the optimal continuous review ordering policy for pollock at Ant?  What is the cost of this policy?  How does this answer compare to part a?   c) If Ant Kitchens follows the inventory policies above, how long does the company hold the average pound of pollock in inventory in each case?  What is the inventory turnover?  Interpret these quantities in a sentence.

Which of the following is less likely to represent an inventory ordering cost? a. Warehousing costs b. Transportation costs per order c. Cost of initiating an order d. Lost profits from lost sales due to shortages e. Cost of production disruptions and set up costs to reinstate production due to shortage of raw materials or components

CU, Incorporated (CUI), produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity, Q, to meet the annual demand at the lowest cost. The price of copper depends on the quantity ordered. Here are price-break and other data for the problem:           Price of copper $ 0.79 per pound up to 2,999 pounds   $ 0.78 per pound for orders between 3,000 and 5,999 pounds   $ 0.76 per pound for orders 6,000 pounds or greater Annual demand   50,000 pounds per year Holding cost   20 percent per unit per year of the price of the copper Ordering cost $ 30         Which quantity should be ordered?