find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period. Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

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Answer 1

Question

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

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The Bucks Grande exhibition baseball team plays 50 weeks each year and uses an average of 350 baseballs per week. The team orders baseballs from Coopers-Town, Inc., a ball manufacturer noted for six-sigma-level consistency and high product quality. The cost to order baseballs is $100 per order and the annual holding cost per ball is 38 percent of the purchase price. Coopers-Town’s price structure is: Order Quantity Price per Unit 1–999 $7.50 1,000–4999 $7.25 5,000 or more $6.50 a. How many baseballs should the team buy per order? b. What is the total annual cost associated with the best order quantity? c. Coopers-Town, Inc., discovers that, owing to special manufacturing processes required for the Buck’s baseballs, it has underestimated the setup time required on a capacity-constrained piece of machinery. Coopers-Town adds another category to the price structure to provide an incentive for larger orders and thereby hopes to…

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7,100 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 9% of the items in inventory are A items, 39% are B items, and 52% are C items. She would like to set up a system in which all A items are counted monthly (every 19 working days), all B items are counted quarterly (every 60 working days), and all C items are counted semiannually (every 119 working days). How many items need to be counted each day? The total number of items that need to be counted each day is _______ items (round your response to the nearest whole number). To find the number of items counted per day for each class of items, use the following formula: Number of items counted per day=Inventoryx Percent of inventory/ Working days. Sum the number of items for each class to arrive at the total number of items that need to be counted each day.

Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 6,500 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 9% of the items in inventory are A items, 34% are B items, and 57% are C items. She would like to set up a system in which all A items are counted monthly (every 18 working days), all B items are counted quarterly (every 61 working days), and all C items are counted semiannually (every 124 working days). How many items need to be counted each day? The total number of items that need to be counted each day is items (round your response to the nearest whole number).

Answer 2

Question

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

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Answer 3

Question

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

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Answer 4

Question

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

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Answer 5

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

Answer 6

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

Answer 7

Chapter 8, Problem 51AP

a)

Summary Introduction

Interpretation: find the optimal order policy during 100week quarter based on the silver-meal heuristic and also calculate the total holding and ordering costs incurred over the 10-week period.

Concept Introduction: One of the forward method is Silver meal heuristic method. This method defined as planning the production in manufacturing and also within the minimum cost to determine the quantities of the production to achieve the requirement of the process. It is also called as dynamic-lot-size model.

Answer 8

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

Answer 9

b)

Summary Introduction

Interpretation: Determine the optimal policy and compare the total holding and ordering cost over the 10 weeks to the answer obtained in part (a).

Concept Introduction: Production Order Quantity(POQ) is determines that the volume of the optimal production for the every order of production for the goods with the independent demand.one of the model EOQ(Economic Order Quantity)refers that the goods are shipped in bulk of orders at a time.

Answer 10

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

Answer 11

c)

Summary Introduction

Interpretation: Determine the economical in general to face a smooth or a spiky demand pattern based on the results of part (a) and part (b)

Concept Introduction: Spiky demand refers to bulk orders of the product. Suppose when bulk orders occurs, the overall historical demand curve yields to have a rather spiky shape. This kind of shape refers that certain orders for the significant percentage of the total demand.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 8.1 - Prob. 1P Ch. 8.1 - Prob. 2P Ch. 8.1 - Prob. 3P Ch. 8.1 - Prob. 4P Ch. 8.1 - Prob. 5P Ch. 8.1 - Prob. 6P Ch. 8.1 - Prob. 7P Ch. 8.1 - Prob. 8P Ch. 8.1 - Prob. 9P Ch. 8.2 - Prob. 10P

Solution Summary: The author calculates the optimal order policy during 100week quarter based on the silver-meal heuristic method and the total holding and ordering costs incurred over the 10-week period.

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