Homework Answers
Demand for an item is forecasted at 100, 150, 75, 75, 50, and 60. Each setup...
Demand for an item is forecasted at 100, 150, 75, 75, 50, and 60. Each setup costs $80, and inventory holding cost is $1.25 per week. Find the order quantities selected by the Silver-Meal heuristic.
5 points Consider an item with item cost 100. The cost per order is 75 and...
5 points Consider an item with item cost 100. The cost per order is 75 and holding cost is 30% of the item cost. Daly demand is 10 units. The supplier takes 12 days to deliver the products. Assume that demand is constant. Also assume that working days in a year are 300 1. What shall be economic order quantity? 2. What shall be reorder point to run this inventory system? 3- What shall be total annual cost to run...
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent...
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent 50%-60% of all items but only 10%-15% of the total value? A. A items B. B items C. C items D. A items plus B items E. B items plus C items 27. If no variations in demand during the item's lead time exist and no safety stock is needed, then the ROP will equal to: A. the EOC B. expected demand during lead...
Problem 5. Use EOQ model to solve following problem. The item is demanded 50 weeks a year. Item c...
Problem 5. Use EOQ model to solve following problem. The item is demanded 50 weeks a year. Item cost: $10 Fixed Order cost: $250 Annual holding cost: 33% of item cost Average demand: 515 per week, constant rate a. Calculate the optimal order quantity and the total inventory cost. b. If your purchase quantity is equal to or above 2000, the fixed ordering cost is reduced to $200. Would you take advantage of it? How much would you save annually?
80 75 70 65 60 55 50 45 40 35 30 25 20 D2 S Price...
80 75 70 65 60 55 50 45 40 35 30 25 20 D2 S Price of TV Remote in Dollars D1 0 20 40 60 80 100 120 140 160 Quantity of TV Remotes The above graph shows the supply curve and 2 possible demand curves for a perfectly competitive, constant cost TV remote market. Assume the demand curve is initially D1 and the market is in long run equilibrium. Now assume a very popular new TV show comes...
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying...
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed. Suppose we relax the first assumption and...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and s...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
General Data: 1. Sales are 25% cash, 75% on credit. 2. Of the credit sales, 80%...
General Data: 1. Sales are 25% cash, 75% on credit. 2. Of the credit sales, 80% are collected in the month following the month of sale and 20% in the second month following the sale. 3, Gross Profit margin on sales averages 25% i.e., the COGS is 75% of sales. 4. All inventory purchases are paid during the month in which they are made 5. The store follows the policy of purchasing enough inventory each month to cover the following...
1. Consider the necessary information for an MRP application provided On hand Lead Time 24 32 80 ...
1. Consider the necessary information for an MRP application provided On hand Lead Time 24 32 80 2) E(3 C(2 Requirements include 125 units (80 firm orders and 45 forecast)。亿in week 10 plus the follo wing spares 10 23 17 20 25 Develop the MRP table for this problem. 2) Consider the dynamic demand of an end item following the MRP explosion ess. Time Demand 50 30 20 80 100 The order cost (setup) per order is S125. Inventory carrying...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling in...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
5 points Consider an item with item cost 100. The cost per order is 75 and holding cost is 30% of the item cost. Daly demand is 10 units. The supplier takes 12 days to deliver the products. Assume that demand is constant. Also assume that working days in a year are 300 1. What shall be economic order quantity? 2. What shall be reorder point to run this inventory system? 3- What shall be total annual cost to run...
For questions 26-75, choose the most appropriate choice 26. In the A-B-C classification system, items represent 50%-60% of all items but only 10%-15% of the total value? A. A items B. B items C. C items D. A items plus B items E. B items plus C items 27. If no variations in demand during the item's lead time exist and no safety stock is needed, then the ROP will equal to: A. the EOC B. expected demand during lead...
80 75 70 65 60 55 50 45 40 35 30 25 20 D2 S Price of TV Remote in Dollars D1 0 20 40 60 80 100 120 140 160 Quantity of TV Remotes The above graph shows the supply curve and 2 possible demand curves for a perfectly competitive, constant cost TV remote market. Assume the demand curve is initially D1 and the market is in long run equilibrium. Now assume a very popular new TV show comes...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
General Data: 1. Sales are 25% cash, 75% on credit. 2. Of the credit sales, 80% are collected in the month following the month of sale and 20% in the second month following the sale. 3, Gross Profit margin on sales averages 25% i.e., the COGS is 75% of sales. 4. All inventory purchases are paid during the month in which they are made 5. The store follows the policy of purchasing enough inventory each month to cover the following...
1. Consider the necessary information for an MRP application provided On hand Lead Time 24 32 80 2) E(3 C(2 Requirements include 125 units (80 firm orders and 45 forecast)。亿in week 10 plus the follo wing spares 10 23 17 20 25 Develop the MRP table for this problem. 2) Consider the dynamic demand of an end item following the MRP explosion ess. Time Demand 50 30 20 80 100 The order cost (setup) per order is S125. Inventory carrying...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
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