Operations Management
17th Edition
ISBN: 9781259142208
Author: CACHON, Gérard, Terwiesch, Christian
Publisher: Mcgraw-hill Education,
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Textbook Question
Chapter 11, Problem 1PA
For 10 percent of the products in a category, a firm fails to satisfy all demand during the month. What is its in-stock probability?
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Students have asked these similar questions
A building materials supplier obtains its bagged cement from a single supplier. Demand is reasonably constant throughout the year, and last year the company sold 2,000 tonnes of this product. It estimates the costs of placing an order at around £25 each time an order is placed, and calculates that the annual cost of holding inventory is 20 per cent of purchase cost. The company purchases the cement at £60 per tonne. How much should the company order at a time?
A grocer carries 9,300 different items in their store. In a normal week, demand occurs for 4,900 of these items. Of those 4,900 items,
175 are not available for the entire week and another 330 items are available for only part of the week.
Round your answer as a percentage rounded to one decimal place.
What is the grocer's in-stock probability during a normal week?
%
Abdullah records the following monthly purchases and sales of
an item.
Month
Number bought
Cost of each unit (€)
Number sold
November
110
22
73
December
60
26
71
January
February
March
70
30
49
50
28
53
80
24
37
April
40
32
71
Assuming he has no opening stock (Before November),
1. What is the remaining stock at the end of the period
(April)?
2. What is the cost (cost of purchase) of the total inventory
(Currency in Saudi Riyals))?
3. If each unit is sold for 35SR, What is the income for
Abdullah's company till end of April?
Chapter 11 Solutions
Operations Management
Ch. 11 - Prob. 1CQCh. 11 - Prob. 2CQCh. 11 - Prob. 3CQCh. 11 - Prob. 4CQCh. 11 - Prob. 5CQCh. 11 - Prob. 6CQCh. 11 - Prob. 7CQCh. 11 - Prob. 8CQCh. 11 - Prob. 9CQCh. 11 - Prob. 10CQ
Ch. 11 - Prob. 11CQCh. 11 - Prob. 12CQCh. 11 - Prob. 13CQCh. 11 - Over time, consumers have less of a need for a...Ch. 11 - For 10 percent of the products in a category, a...Ch. 11 - Anvils Works requires, on average, 2800 tons of...Ch. 11 - Prob. 3PACh. 11 - Prob. 1CCh. 11 - Prob. 2CCh. 11 - Rob Honeycutt created Timbuk2 to offer consumers...
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