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Problem 2 A local service station is open 365 days per year. Sales of 10W40 premium...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.00 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. follows ≻Demand = 80 bags/week follows ≻Order cost = $ 55/order follows ≻Annual holding cost = 29 percent of cost follows ≻Desired cycle-service level equals = 96 percent follows ≻Lead time = 4 week(s) (28 working days)...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.50 per bag. The following information is available about these bags: Demand 80 bags/week Order cost $58.00/order Annual holding cost 40 percent of cost Desired cycle-service level 80 percent Lead time 4 weeks (24 working days) Standard deviation of weekly demand 15 bags Current on-hand inventory is 320 bags, with no open orders or backorders. a....
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
9) Identify the appropriate inventory model to obtain the optimal lot size for the given problem...
9) Identify the appropriate inventory model to obtain the optimal lot size for the given problem description: A drugstore places an order every fourteen days for many of the items it stocks. The manager of the drugstore wants a service level of 98%. The replenishment lead-time is 2 days. Average demand for one specific item is normally distributed with a mean of 40 units per day, and the standard deviation of demand is 3 units per day. Select one: a....
Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about these bags: follows≻Demandequals=85 bags/week follows≻Order cost=$50.00/order follows≻Annual holding costequals=35 percent of cost follows≻Desired cycle-service levelequals=80 percent follows≻Lead time=4 weeks (24 working days) follows≻Standard deviation of weekly demand= 15 bags follows≻Current on-hand inventory is 320 bags, with no open orders or backorders. a. Suppose that the weekly demand...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 95 bags/week Order cost = $58/order Annual holding cost = 25 percent of cost Desired cycle@service level = 90 percent Lead time = 4 weeks (28 working days) Standard deviation of weekly demand = 16 bags Current on-hand inventory is 315 bags, with...
The demand for a particular type of yogurt in a supermarket is normally distributed with a...
The demand for a particular type of yogurt in a supermarket is normally distributed with a mean of 80 units per day and a standard deviation of 4 units per day. Lead time for delivery of the yogurt is 4 days. The supermarket uses a fixed order size of 92 units for yogurt orders. The ordering cost is $30 per order and the annual cost of holding inventory is $1/unit. Assume 300 days per year. if the manager wants a...
A golf specialty wholesaler operates 350 days per year. Management is trying to determine an inventory...
A golf specialty wholesaler operates 350 days per year. Management is trying to determine an inventory policy for its 1-irons. The cost to place orders with the supplier is $25/order; the demand averages 12,000 items per day, with a standard deviation of 3,000 item. The annual inventory holding cost is $2.00 per item. The lead time form the supplier is 5 days, with a standard deviation of 2 days. It is important to maintain a 95 percent cycle-service level to...
Petty House operates 52 weeks per year, 6 days per week, and uses a continuous review inventory
Petty House operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system (i.e. Q system). It purchases kitty litter for $ 10 per bag. The following information is available about these bags. Demand = 102 bags/ week Order cost = $ 49/ order Annual holding cost = 25 percent of cogs Desired cycle service level = 80 percent Lead time = 3 weeks Standard deviation of weekly demand = 15 bags Current on-hand inventory...
Problem 13-28 Regional Supermarket is open 350 days per year. Daily use of cash register tape ave...
Problem 13-28 Regional Supermarket is open 350 days per year. Daily use of cash register tape averages 17 rolls. Usage appears normally distributed with a standard deviation of 4 rolls per day. The cost of ordering tape is $1.00, and carrying costs are 44 cents per roll a year. Lead time is 4 days Use Table1 and Table?. a. What is the EOQ? (Round your answer to the nearest whole number.) b. What ROP will provide a lead time service...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.50 per bag. The following information is available about these bags: Demand 80 bags/week Order cost $58.00/order Annual holding cost 40 percent of cost Desired cycle-service level 80 percent Lead time 4 weeks (24 working days) Standard deviation of weekly demand 15 bags Current on-hand inventory is 320 bags, with no open orders or backorders. a....
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 95 bags/week Order cost = $58/order Annual holding cost = 25 percent of cost Desired cycle@service level = 90 percent Lead time = 4 weeks (28 working days) Standard deviation of weekly demand = 16 bags Current on-hand inventory is 315 bags, with...
A golf specialty wholesaler operates 350 days per year. Management is trying to determine an inventory policy for its 1-irons. The cost to place orders with the supplier is $25/order; the demand averages 12,000 items per day, with a standard deviation of 3,000 item. The annual inventory holding cost is $2.00 per item. The lead time form the supplier is 5 days, with a standard deviation of 2 days. It is important to maintain a 95 percent cycle-service level to...
Problem 13-28 Regional Supermarket is open 350 days per year. Daily use of cash register tape averages 17 rolls. Usage appears normally distributed with a standard deviation of 4 rolls per day. The cost of ordering tape is $1.00, and carrying costs are 44 cents per roll a year. Lead time is 4 days Use Table1 and Table?. a. What is the EOQ? (Round your answer to the nearest whole number.) b. What ROP will provide a lead time service...
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