in a noninstantaneous receipt model daily is 85 units and daily production is 120 units. the...
in a noninstantaneous receipt model daily is 85 units
and daily production is 120 units.
the C o is $70 and Cc is $10 per unit per year
what is the maximum inventory level?
they are open 365 days a year.
Homework Answers
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in a noninstantaneous receipt model daily is 85 units
and daily production is 120 units.
the...
QUESTION 14 In a non-instantaneous receipt model (i.e., production run model), daily demand is 40 units...
QUESTION 14 In a non-instantaneous receipt model (i.e., production run model), daily demand is 40 units and daily production is 100 units, Co-$50 and Ch-$3 per unityear. The production facility operates 300 days per year. Assume the optimal production quantity is 817. What is the maximum inventory level? O A. 348 B. 577 ° C. 490 D. 780 QUESTION 15 In a non-instantaneous receipt model (i.e., production run model), daily demand is 40 units and daily production is 10 units,...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the...
The production floor produces 8500 units/day and the associated direct-operated store sells 50 units/hour with the selling price at $120/unit. The direct-operated store operates 12 hours/day and 365 days/year, but the production works for 250 working days/year. Given that the production setup cost per production run is $1500 and the holding cost per year is $5/unit. (a) Calculate the optimal batch size for each production run. (b) What is the maximum inventory level with regard to the optimal batch size?...
Given an EOQ model with shortages in which annual demand is 5000 units, Co = $120,...
Given an EOQ model with shortages in which annual demand is 5000 units, Co = $120, Cc = $15 per unit per year, and Cs = $40, what is the order quantity?
PLEASE DO BY HAND! DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up th...
PLEASE DO BY HAND!
DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up the manufacturing process, and the carrying cost is about 70 cents per unit per year. When the production process has been set up, 120 lawnmowers units can be made daily. The demand during the production period is approximately 60 units per day. The company operates its...
Daily sales 325 units Std. deviation of daily demand 39 Cost to place an order $30...
Daily sales 325 units Std. deviation of daily demand 39 Cost to place an order $30 Freight cost $250 Avg. Inventory (last 12 months) 2,750 units Cost of 1 unit of inventory $125 Cost of Goods Sold $14,828,125 Selling price of 1 unit $250 Avg. replenishment cycle 11 days Average inventory value $343,750 Re-stock fee is $55 Cost of capital = 22.5% Inventory Risk = 1.5% Storage space 5.5% =0.75% Insurance Current number of warehouses = 24 Prime interest rate...
An automobile manufacturer stocks a certain inventory item. The daily demand for the inventory item is...
An automobile manufacturer stocks a certain inventory item. The daily demand for the inventory item is 20 units. The company estimates its annual holding cost for this item to be $10 per unit. The cost to place and process an order from the supplier is $200. The company operates 300 days per year, and the lead time to receive an order from the supplier is 3 working days on average. (a) Find the economic order quantity. (b) Find...
Suppose the daily demand of a product follows a normal distribution with the mean of 50...
Suppose the daily demand of a product follows a normal distribution with the mean of 50 units and the standard deviation of 10 units. Lead time is 9 days. The ordering cost is $400 per order, and the inventory holding cost is $20 per unit per year. A cycle service level (probability of no stockout) of 95% is required. Using the fixed order quantity model, what is the reorder point? 500 450 O 720 630 MRP is a technique designed...
Alexis Company uses 881 units of a product per year on a continuous basis. The product...
Alexis Company uses 881 units of a product per year on a continuous basis. The product has a fixed cost of $45 per order, and carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ in units b. Determine the average level of inventory. (Note: Use a 365-day year to...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost:...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost: $0.02 per unit per day Annual Demand: 25,550 units Production rate: 90 units per day Determine the production order quantity, and the length (in days) of each inventory cycle. (1 year = 365 days) 2DS Formula: 2; VH [1-(d/p)] Notes Comments n
EOQ, reorder point, and safety stock Alexis Company uses 805 units of a product per year...
EOQ, reorder point, and safety stock Alexis Company uses 805 units of a product per year on a continuous basis. The product has a fixed cost of $50 per order, and its carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ. b. Determine the average level of inventory. (Note:...
QUESTION 14 In a non-instantaneous receipt model (i.e., production run model), daily demand is 40 units and daily production is 100 units, Co-$50 and Ch-$3 per unityear. The production facility operates 300 days per year. Assume the optimal production quantity is 817. What is the maximum inventory level? O A. 348 B. 577 ° C. 490 D. 780 QUESTION 15 In a non-instantaneous receipt model (i.e., production run model), daily demand is 40 units and daily production is 10 units,...
PLEASE DO BY HAND!
DQuestion 12 6 pts Ace Manufacturing produces commercial lawnmowers units in batches. the company estimates the demand for the year is 10,000 units. It costs about $80 to set up the manufacturing process, and the carrying cost is about 70 cents per unit per year. When the production process has been set up, 120 lawnmowers units can be made daily. The demand during the production period is approximately 60 units per day. The company operates its...
Daily sales 325 units Std. deviation of daily demand 39 Cost to place an order $30 Freight cost $250 Avg. Inventory (last 12 months) 2,750 units Cost of 1 unit of inventory $125 Cost of Goods Sold $14,828,125 Selling price of 1 unit $250 Avg. replenishment cycle 11 days Average inventory value $343,750 Re-stock fee is $55 Cost of capital = 22.5% Inventory Risk = 1.5% Storage space 5.5% =0.75% Insurance Current number of warehouses = 24 Prime interest rate...
Suppose the daily demand of a product follows a normal distribution with the mean of 50 units and the standard deviation of 10 units. Lead time is 9 days. The ordering cost is $400 per order, and the inventory holding cost is $20 per unit per year. A cycle service level (probability of no stockout) of 95% is required. Using the fixed order quantity model, what is the reorder point? 500 450 O 720 630 MRP is a technique designed...
Question 7 Consider a POQ model as follow: Set-up cost: $20 per set up Holding cost: $0.02 per unit per day Annual Demand: 25,550 units Production rate: 90 units per day Determine the production order quantity, and the length (in days) of each inventory cycle. (1 year = 365 days) 2DS Formula: 2; VH [1-(d/p)] Notes Comments n
EOQ, reorder point, and safety stock Alexis Company uses 805 units of a product per year on a continuous basis. The product has a fixed cost of $50 per order, and its carrying cost is $4 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days' usage in inventory as a safety stock. a. Calculate the EOQ. b. Determine the average level of inventory. (Note:...
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