Determine the lot sizing obtained from the EOQ formula. Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

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Answer 1

Question

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

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Develop a lot-for-lot solution and calculate total relevant costs for the gross requirements in the following table*. Period Gross requirements Develop a lot-for-lot solution (enter your responses as whole numbers). Period Gross requirements On-hand at beginning of period On-hand at end of period 1 Order receipt Order release 30 2 3 30 1 30 40 || 4 5 2 6 7 40 70 20 *Holding cost = $3.50/unit/week; setup cost = $150; lead time = 1 week; beginning inventory = 40. 3 4 30 8 9 10 11 12 5 6 7 40 70 20 20 80 8 60 9 10 20 80 11 12 60

Semans is a manufacturer that produces bracket assemblies. Demand for bracket assemblies (X) is 128 units. The following is the BOM in indented form: DESCRIPTION Bracket assembly Wall board Hanger subassembly Hanger casting Ceramic knob Rivet head screw Metal tong Plastic cap USAGE 1 ITEM X A B D E 5 F G 3 1 Below is a table indicating current inventory levels: Item X 26 D 196 F G 95 Inventory 17 69 17 145 1,220 b. What are the net requirements for each item? (Leave no cells blank - be certain to enter "0" wherever required.) Item Net Requirements A B C D F G

Consider the following information. PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Q = 60, LT= 3 weeks, Safety Stock = 5 1 70 70 PART X Gross Requirements Scheduled Receipts Projected On-Hand Inventory 100 Planned Order Releases 1 70 70 100 2 0 > X WEEK 3 40 Compute the planned order releases and projected on-hand inventory for component part X. Round your answers to the nearest whole number. If your answer is zero, enter "0". 2 0 4 0 100 WEEK 3 40 5 160 60 4 0 40 0 X 5 160 Check My Work -60 0

Answer 2

Question

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

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Answer 3

Question

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

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Answer 4

Question

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

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Answer 5

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

Answer 6

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Answer 7

Chapter 8.2, Problem 17P

a)

Summary Introduction

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Answer 8

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

Answer 9

b)

Summary Introduction

Interpretation: Determine the lot sizes using the silver-meal heuristic.

Concept Introduction: Silver-Meal Heuristic method is the one of the forward method that determines the average cost per period as the process of the total number of periods to the current order to be expand and stop the process when the process enter into the increase level.

Answer 10

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

Answer 11

c)

Summary Introduction

Interpretation: Determine the lot sizes using Least Unit Cost heuristic.

Concept Introduction: one of the lot-sizing technique method is Least Unit Cost (LUC) method. The main advantage is that it is more complete analysis technique and also concentrate on the setup cost will change when the size of the order increases.

Answer 12

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

Answer 13

d)

Summary Introduction

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

Answer 14

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

Answer 15

e)

Summary Introduction

Interpretation: Compare the holding and setup costs obtained over the six periods using the policies found in Part (a) and Part (b) with the cost of a lot-for-lot policy.

Concept Introduction: one of the flexible policy is lot-for-lot policy. In this policy, the system reacts on the original demand with adding the anticipated demand from the forecast order and finally settle the quantity of the order based on the demand.

Answer 16

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Answer 17

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Answer 18

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Answer 19

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

Determine the lot sizing obtained from the EOQ formula. Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Concept explainers

Videos

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

Want to see the full answer?

Chapter 8 Solutions

Determine the lot sizing obtained from the EOQ formula. Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Concept explainers

Videos

Interpretation: Determine the lot sizing obtained from the EOQ formula. Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Interpretation: Determine the lot sizes using Part Period Balancing method. Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.

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Chapter 8 Solutions

Interpretation: Determine the lot sizing obtained from the EOQ formula.

Concept Introduction: EOQ (Economic Order Quantity) is a Firm should include the inventory with each and every order to reduce the total number of costs of inventory like order cost, setup holding cost, Shortage cost. Etc.

Interpretation: Determine the lot sizes using Part Period Balancing method.

Concept Introduction: Part Period Balancing (PPB) method is the same as the EOQ (Economic Order Quantity).PPB is the Lot-sizing method to recover the lowest cost in interrelated between order cost and inventory cost.