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Tile Depot, specializing in retail of construction materials, carries a popular flooring tile. The annual demand...
Smith's Florist popular flower bouquet has a weekly demand of 40 units. Each bouquet is sold...
Smith's Florist popular flower bouquet has a weekly demand of 40 units. Each bouquet is sold for $100. The ordering cost is $60 per order. The carrying cost is 30% of the selling price per unit per year. The store operates 50 weeks a year. Required: i. Compute the Economic Order Quantity (EOQ) ii. What is the total annual carrying cost this year? iii. What is the time between orders (i.e. length of an order cycle) in weeks using EOQ.
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used...
HighLife corporation has the following information: Average demand = 30 units per day Average lead time...
HighLife corporation has the following information: Average demand = 30 units per day Average lead time = 40 days Item unit cost = $45 for orders of less than 400 units Item unit cost = $40 for orders of 400 units or more Ordering cost = $50 Inventory carrying cost = 15% The business year is 300 days Standard deviation of demand during lead time = 90 Desired service level = 95% What is the TAC at $40/unit?
The main trait of a single-period model is that Select one: a inventory has limited value...
The main trait of a single-period model is that Select one: a inventory has limited value after a certain period of time. O b. supply is limited. c. the order quantity should usually equal the expected value of demand d. the cost of a shortage cannot be determined accurately. e. it has the largest EOQ sizes. O $60 Exhibit A: A retailer has the following data on a popular model digital camera: Annual Demand 15,000 units Ordering Cost per order...
A store faces demand for one of its popular products at a constant rate of 2,400...
A store faces demand for one of its popular products at a constant rate of 2,400 units per year. It costs the store $70 to process an order to replenish stock and $20 per unit per year to carry the item in inventory. A shipment from the supplier is typically received 12 working days after an order is placed. The store buys the product for $90 per unit and sells it for $160 per unit. At the moment the store...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
Annual demand for an item is 1,250,000 units. The holding cost rate is 20% of the...
Annual demand for an item is 1,250,000 units. The holding cost rate is 20% of the item cost. Ordering costs are $4 per order. Quantity discounts are available according to the schedule below: Quantity Price per Unit ($) 1-999 1.15 1,000-2,499 1.10 2,500-4,999 1.08 5,000+ 1.05 What is the total annual cost of your policy? ~$1,313,949 ~$1,351,540 ~$1,377,276 ~$1,422,620 Assume 52 5-day weeks per year. If the lead-time is 1 weeks, what should the reorder point be? If necessary, round...
A juice company purchases components from a variety of sources through their global network of suppliers. They are looki...
A juice company purchases components from a variety of sources through their global network of suppliers. They are looking to determine their order quantity for PET bottles. They have forecast their demand for PET bottles for the next year to be 1195295 cases. Being a standard component, sales are expected to be constant/uniform over the course of the year. They operate 5 days per week so each year is made up of 260 days. The lead time for PET bottles...
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand =...
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 28 units per day Average lead time = 43 days Item unit cost = $63 for orders of less than 330 units Item unit cost = $62 for orders of 330 units or more Ordering cost = $38 Inventory carrying cost = 20% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a....
QUESTION 1 Florida Mining Equipment Depot conducts recapitalization (or overhaul) operations on large, heavy mining equipment....
QUESTION 1 Florida Mining Equipment Depot conducts recapitalization (or overhaul) operations on large, heavy mining equipment. Vehicles scheduled for periodic overhaul and repair are brought to the depot and a complete overhaul returns them back to the minim company in a "like new" condition. In order for ope smoothly, spare parts must be available so that the production line does not idle. Below is a table of three critical parts used in the overhaul process. The annual holding and backorder...
Data Table Annual demand for denim cloth 40,700 yards Ordering cost per purchase order $185 Carrying cost per year 10% of purchase costs Safety-stock requirements None Cost of denim cloth $11 per yard The purchasing lead time is 2 weeks. The Fabric World is open 220 days a year (44 weeks for 5 days a week). The Fabric World sells fabrics to a wide range of industrial and consumer users. One of the products it carries is denim cloth, used...
The main trait of a single-period model is that Select one: a inventory has limited value after a certain period of time. O b. supply is limited. c. the order quantity should usually equal the expected value of demand d. the cost of a shortage cannot be determined accurately. e. it has the largest EOQ sizes. O $60 Exhibit A: A retailer has the following data on a popular model digital camera: Annual Demand 15,000 units Ordering Cost per order...
A store faces demand for one of its popular products at a constant rate of 2,400 units per year. It costs the store $70 to process an order to replenish stock and $20 per unit per year to carry the item in inventory. A shipment from the supplier is typically received 12 working days after an order is placed. The store buys the product for $90 per unit and sells it for $160 per unit. At the moment the store...
Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products Annual demand for this product is 5.000 units carrying costs $50 per unit per year, order costs for her company typically run nearly $30 per order and load time averages 10 days. Assume 250 working days per year.) a) The economic order quality is units fround your response to the nearest whole number). b) The average Inventory is units (round your response to the...
QUESTION 1 Florida Mining Equipment Depot conducts recapitalization (or overhaul) operations on large, heavy mining equipment. Vehicles scheduled for periodic overhaul and repair are brought to the depot and a complete overhaul returns them back to the minim company in a "like new" condition. In order for ope smoothly, spare parts must be available so that the production line does not idle. Below is a table of three critical parts used in the overhaul process. The annual holding and backorder...
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