Homework Answers
Answer 28:
Information given in as under:
|
Working Days in a year (W) = |
300 |
|
Annual Demand (D) = |
16714 |
|
Daily demand (d) = D/W = 16714 / 300 = |
55.713 |
|
Lead Time in days (LT) = |
6 |
|
Reorder point (ROP) = d*LT = |
334.28 |
units |
Add Answer to:
QUESTION 28 Lebron, the purchasing manager for Lakers Incorporated, orders 500 units of SKU W88167894 at...
Lebron, the purchasing manager for Lakers Incorporated, orders 500 units of SKU #BB167894 at a time....
Lebron, the purchasing manager for Lakers Incorporated, orders 500 units of SKU #BB167894 at a time. Lakers Incorporated works 300 days a year. SKU #BB167894 has a demand of 19,611 a year. It takes 7 days from the time Lebron places an order from the time it arrives at the door step of Lakers Incorporated. What is the reorder point for SKU #BB167894? Excel Access
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas’s fastest moving inventory item has a demand of 6000 units per year. The cost of each unit is $100.00, and the inventory carrying cost is $10.00 per unit per year. The average ordering cost is $30.00 per order. It takes about 5 days for an order to arrive, and demand for 1 week is 120 units (this is a...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with...
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation.? Thomas's fastest-moving inventory item has a demand of 5,750 units per year. The cost of each unit is $96?, and the inventory carrying cost is $8 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to?arrive, and the demand for 1 week is 115 units.? (This is a corporate?...
QUESTION 26 A local retailer purchased inventory from an overseas supplier and believes the assumptions of...
QUESTION 26 A local retailer purchased inventory from an overseas supplier and believes the assumptions of the EOQ model are met reasonably well. Data from their accountant show annual demand (D) =19,951 units, ordering cost (S) - $42 per order, and holding cost (11) - 54 per unit per year How many times per year will she replenish her inventory of this material? (or 'How many orders will she place in one year?) Demand 19,951 unit per year ordering cost...
Hello I need help to figure out the MIN Inventory for my stimulation game. I got...
Hello I need help to figure out the MIN Inventory for my stimulation game. I got the daily ending inventory but how do I get the min inventory and total capactiy needed in excel. For example, I got my available capacity of 20, and the daily ending inventory by taking the beginning inventory-the demand+available capacity. But I'm not sure how to calculate min inventory and total capacity needed in excel. Also can you please help with Order point below. thank...
Question 8 (2 points) You are the operations manager of a firm that uses the continuous...
Question 8 (2 points) You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand - 25,000 units/year Ordering cost - $38/order Holding cost - $2/unit/year Lead time - 4 days Standard deviation in daily demand - 5 units Service level - 95% (z-1.65) What is the reorder point? (Please round your calculations to the nearest whole...
b)what is the average inventory if the EOQ is used?... units (round your response to two...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Question 26 3 point An large auto repair shop has been purchasing windshields for their cam...
Question 26 3 point An large auto repair shop has been purchasing windshields for their cam at the rate of 250 windshields per order. The firm estimates that carrying (or holding) cost is $28 per year, and that ord about $253 per order. The current price of each windshield is $200. The assumptions of the basic EQ model apply. For what annual demand (D) is the current action optimal? units per order holding cost order cost product cost 250 units...
Please answer question 2 and 3. Q2 (33 points) A manufacturer produces and sells bottled drinks....
Please answer question 2 and 3.
Q2 (33 points) A manufacturer produces and sells bottled drinks. Their production capacity is 570 units daily, but their sales at the moment are estimated at 400 units per day. The manufacturer produces Mondays through Fridays. The variable cost for production is $1.5. The manufacturer incurs about $250 labor cost per production order for setups. Accounting estimates annual holding costs as $0.30 per unit. a) Determine the optimal production quantity for the bottled drinks....
QUESTION 7 Northwestern Bells stocks a certain switch connector at its central warehouse for supplying field...
QUESTION 7 Northwestern Bells stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 44,530 units. Northwestern estimates its annual holding cost for this item to be $25 per unit per year. The cost to place and process an order from the supplier is 54.58. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. What is...
Lebron, the purchasing manager for Lakers Incorporated, orders 500 units of SKU #BB167894 at a time. Lakers Incorporated works 300 days a year. SKU #BB167894 has a demand of 19,611 a year. It takes 7 days from the time Lebron places an order from the time it arrives at the door step of Lakers Incorporated. What is the reorder point for SKU #BB167894? Excel Access
QUESTION 26 A local retailer purchased inventory from an overseas supplier and believes the assumptions of the EOQ model are met reasonably well. Data from their accountant show annual demand (D) =19,951 units, ordering cost (S) - $42 per order, and holding cost (11) - 54 per unit per year How many times per year will she replenish her inventory of this material? (or 'How many orders will she place in one year?) Demand 19,951 unit per year ordering cost...
Question 8 (2 points) You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand - 25,000 units/year Ordering cost - $38/order Holding cost - $2/unit/year Lead time - 4 days Standard deviation in daily demand - 5 units Service level - 95% (z-1.65) What is the reorder point? (Please round your calculations to the nearest whole...
b)what is the average inventory if the EOQ is used?... units
(round your response to two decimals)
c) what is the optimal number of orders per year?... orders
(round your response to two decimals)
d) what is the optimal number of days in between any two
orders?... days (round your response to two decimals)
e) what is the annual cost of ordering and holding inventory?
...$per year (round your response to two decimals)
f)what is the total annual inventory cost,...
Question 26 3 point An large auto repair shop has been purchasing windshields for their cam at the rate of 250 windshields per order. The firm estimates that carrying (or holding) cost is $28 per year, and that ord about $253 per order. The current price of each windshield is $200. The assumptions of the basic EQ model apply. For what annual demand (D) is the current action optimal? units per order holding cost order cost product cost 250 units...
Please answer question 2 and 3.
Q2 (33 points) A manufacturer produces and sells bottled drinks. Their production capacity is 570 units daily, but their sales at the moment are estimated at 400 units per day. The manufacturer produces Mondays through Fridays. The variable cost for production is $1.5. The manufacturer incurs about $250 labor cost per production order for setups. Accounting estimates annual holding costs as $0.30 per unit. a) Determine the optimal production quantity for the bottled drinks....
QUESTION 7 Northwestern Bells stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 44,530 units. Northwestern estimates its annual holding cost for this item to be $25 per unit per year. The cost to place and process an order from the supplier is 54.58. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. What is...
Most questions answered within 3 hours.
-
You capture data by having 8 people fill in 30 small dots on a
piece of...
asked 2 hours ago -
What are the z-values such that 70% of the area lies in the
middle of the...
asked 4 hours ago -
You borrow $29,500 to purchase a brand new car. The interest
rate is 6%, and the...
asked 4 hours ago -
The amount of time it takes an asteroid, whose average distance
from the Sun is 4.70...
asked 4 hours ago -
A 0.289 kg mass slides on a frictionless floor with a speed of
1.34 m/s. The...
asked 4 hours ago -
15.A box contains five red balls, three green balls, and two
yellow balls. Suppose you select...
asked 7 hours ago -
Assume you are given the following for Stackelberg industries:
Return on Assets (ROA) = 8%
Debt...
asked 6 hours ago -
an engineer proposes to use mmWave in 5G network to
increase data rate.
What are the...
asked 6 hours ago -
Explain the idea behind using SEMIJOIN in distributed
query processing.
asked 6 hours ago -
why
is context important in selecting and applying guidelines and
principles for interface design?
illustrate your...
asked 6 hours ago -
In a certain board game, a player rolls two fair six-sided dice
until the player rolls...
asked 7 hours ago -
You are going to deposit $3,200 in an account that pays .58
percent interest compounded quarterly....
asked 6 hours ago