Production and Operations Analysis, Seventh Edition
7th Edition
ISBN: 9781478623069
Author: Steven Nahmias, Tava Lennon Olsen
Publisher: Waveland Press, Inc.
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Chapter 5, Problem 33AP
a
Summary Introduction
Interpretation:Number of gallons to be purchased is to be calculated.
Concept Introduction:
b
Summary Introduction
Interpretation:Number of gallons to purchase when 94% fill rate criterion is adopted.
Concept Introduction:
Normal distribution is the probability function with continuous series. It is bell shaped distribution function where mean, median and mode are same.
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You run a food bar in UCLA Ackerman, and you sell chocolate croissants for breakfast. Your daily demand for chocolate croissants is on average 50, with a standard deviation of 8. The unit cost of a croissant is $0.70, and you sell at a unit price of $3.00. The refrigerated chocolate croissant must be consumed within 7days (one week) after purchased from your supplier, so you dispose leftover inventory and purchase fresh croissants once every week. Assume the demand in each of the seven days is independently distributed. (The z-table for normal distribution is attached.)
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A manufacturer has a production facility that requires 15,604 units of component JY21 per year.
Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a
lead time of 7 days. The unit purchase cost is $25.6 per unit. The cost to place and process an order
from the supplier is $121 per order. The unit inventory carrying cost per year is 10.5 percent of the
unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If
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cost?
Use at least 4 decimal places.
A large manufacturer purchases a part from a supplier under a continuous review system. The average demand is 400 units a day with a standard deviation of 50 units a day. It costs $55 to process each order.
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Chapter 5 Solutions
Production and Operations Analysis, Seventh Edition
Ch. 5.2 - Prob. 1PCh. 5.2 - Prob. 2PCh. 5.2 - Prob. 4PCh. 5.3 - Prob. 7PCh. 5.3 - Prob. 9PCh. 5.3 - Prob. 12PCh. 5.5 - Prob. 16PCh. 5.5 - Prob. 18PCh. 5.6 - Prob. 21PCh. 5.7 - Prob. 24P
Ch. 5.7 - Prob. 25PCh. 5.7 - Prob. 26PCh. 5.7 - Prob. 27PCh. 5 - Prob. 28APCh. 5 - Prob. 31APCh. 5 - Prob. 32APCh. 5 - Prob. 33APCh. 5 - Prob. 37APCh. 5 - Prob. 38APCh. 5 - Prob. 40APCh. 5 - Prob. 41APCh. 5 - Prob. 43APCh. 5 - Prob. 44APCh. 5 - Prob. 45APCh. 5 - Prob. 46APCh. 5 - Prob. 47APCh. 5 - Prob. 48APCh. 5 - Prob. 49APCh. 5 - Prob. 50APCh. 5 - Prob. 51AP
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