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nt Week5 Saved Help Save & Exit Subm The annual demand for a product is 14,800...
Need help with a. Problem 11-19 (Algo) The annual demand for a product is 14,200 units....
Need help with a.
Problem 11-19 (Algo) The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Use Excel's NORM.S.INV() function to find the z value. Round z...
Annual demand for a product is 10,920 units; weekly demand is 210 units with a standard...
Annual demand for a product is 10,920 units; weekly demand is 210 units with a standard deviation of 40 units. The cost of placing an order is $155, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.70 per unit. a. To provide a 90 percent service probability, what must the reorder point be? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations....
Week5 Saved Help Save & Exit Submi Lieutenant Commander Data is planning to make his monthly...
Week5 Saved Help Save & Exit Submi Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of Isolinear chips. The trip will take Data about five days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of five per day (seven days per week) with a standard deviation of demand of two per day. He needs...
nt Weeks Served Help Save & Exit Submit 5 days Daily demand for a products 90...
nt Weeks Served Help Save & Exit Submit 5 days Daily demand for a products 90 units, with a standard deviation of 30 units. The review period is 20 days and the lead time At the time of review, there are 20 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest...
1 - the annual demand for product 15600 units the weekly demand is 280 units with...
1 - the annual demand for product 15600 units the weekly demand is 280 units with a standard deviation 90 units the cost to place an order is $31.00 and the time from order to receipt is 4 weeks the annual inventory carrying cost is $0.10 per unit A- what is the EOQ quantity? B- from the information above what is the reorder point maintain a 95% service level? 2 - the weekly demand is 200 units the cost to...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual deland Average Keekly demand VALUE $ 7.00 $283.ee 32% of item cost 22,100 442 per week PARAMETER Standard deviation of weekly demand Lead time Service probability VALUE 20 per week 1 week 95% a. Determine the order quantity and reorder point (Use Excel's NORM.S.INV() function to find the z...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The review period is 20 days and the lead time is 10 days. At the time of review, there are 50 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered quantity units
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws...
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM Annual defand Holding,...
Week5 Saved Help Save & Exit Sub Item X is a standard item stocked in a...
Week5 Saved Help Save & Exit Sub Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $7 per unit of average inventory. Every time an order is placed for more of item X, it costs $26. a. Whenever item X is ordered, what should the order...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of 20 units. The review period is 5 days and the lead time is 6 days. At the time of review, there are 50 units in stock. If 90 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INVO function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
Need help with a.
Problem 11-19 (Algo) The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Use Excel's NORM.S.INV() function to find the z value. Round z...
Week5 Saved Help Save & Exit Submi Lieutenant Commander Data is planning to make his monthly (every 30 days) trek to Gamma Hydra City to pick up a supply of Isolinear chips. The trip will take Data about five days. Before he leaves, he calls in the order to the GHC Supply Store. He uses chips at an average rate of five per day (seven days per week) with a standard deviation of demand of two per day. He needs...
nt Weeks Served Help Save & Exit Submit 5 days Daily demand for a products 90 units, with a standard deviation of 30 units. The review period is 20 days and the lead time At the time of review, there are 20 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual deland Average Keekly demand VALUE $ 7.00 $283.ee 32% of item cost 22,100 442 per week PARAMETER Standard deviation of weekly demand Lead time Service probability VALUE 20 per week 1 week 95% a. Determine the order quantity and reorder point (Use Excel's NORM.S.INV() function to find the z...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The review period is 20 days and the lead time is 10 days. At the time of review, there are 50 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered quantity units
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM Annual defand Holding,...
Week5 Saved Help Save & Exit Sub Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,600 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $7 per unit of average inventory. Every time an order is placed for more of item X, it costs $26. a. Whenever item X is ordered, what should the order...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of 20 units. The review period is 5 days and the lead time is 6 days. At the time of review, there are 50 units in stock. If 90 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INVO function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
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