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QUESTION 8 Store A orders on a weekly basis. Its weekly demand is 50 units with...
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard...
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard deviation of five units. The holding cost is $10 per unit per week and a 0.99 in-stock probability is desired. a) What is Store B's weekly inventory holding cost if lead time is two weeks? b) What is Store B's weekly inventory holding cost per unit?
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard...
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard deviation of five units. The holding cost is $10 per unit per week and a 0.99 in-stock probability is desired. a) What is Store B's weekly inventory holding cost if lead time is two weeks? b) What is Store B's weekly inventory holding cost per unit?
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...
High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers. A...
High Tech Inc. is a virtual store that stocks a variety of calculators in its warehouse. Customer orders are placed; the orders are picked and packaged; and then orders are shipped to the customers. A fixed-order-quantity inventory control system (FQS) helps monitor and control these SKUs. The following information is for one of the calculators that High Tech stocks, sells, and ships. Average demand 9.5 calculators per week Lead time 5 weeks Order cost $15/order Unit cost $10.00 Carrying charge...
Bob’s apple store utilizes a continuous review system. Current on had inventory is 295 bags of...
Bob’s apple store utilizes a continuous review system. Current on had inventory is 295 bags of apples, with no open orders or backorders. He buys apples year round, 52 weeks a year, 5 days a week. He buys apples for $10.20 a bag. The following information is available about these bags of apples: Demand = 80 bags/week Order cost = $48/order Annual Holding cost = 32 percent of the cost of a bag Desired cycle-service level = 87 percent Lead...
Given the following information, formulate an inventory management system
Problem 1. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.Last YearItem cost$10.00Order cost$250.00annual hold cost (%)33% of item costAnnual demand25,750average demand515per weekStandard deviation of weekly demand25per weeklead time1weekservice probability95%
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean...
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. If...
Jake, Inc. begins a review of ordering policies for its continuous review system by checking the...
Jake, Inc. begins a review of ordering policies for its continuous review system by checking the current policies for a sample of its A items. Following are the characteristics of one item: Demand (D) = 94 units/week (assume 52 weeks per year) Ordering and setup cost (S) = $720/order Holding cost (H) = $23/unit/year Lead time (L) =3 weeks Standard deviation of weekly demand =30 units Cycle-service level =82 percent Develop the best policies for a periodic-review system. a. What...
Annual demand for a Tonka Trucks is 22,100 units: with a weekly standard deviation of 85...
Annual demand for a Tonka Trucks is 22,100 units: with a weekly standard deviation of 85 units. The cost of making an order from Indonesia and paying shipping is $1,200, and the time from ordering to receipt is 3 weeks. The annual inventory carrying cost is $1.50 per unit. 1. Specifically, what is the optimal order quantity? 2. To provide a 98% service level, what must the reorder point be? Samantha's Poker Gallery orders snacks from Cisco every week. The...
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....
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard deviation of five units. The holding cost is $10 per unit per week and a 0.99 in-stock probability is desired. a) What is Store B's weekly inventory holding cost if lead time is two weeks? b) What is Store B's weekly inventory holding cost per unit?
22.Store B orders on a weekly basis. Its weekly demand is 50 units with a standard deviation of five units. The holding cost is $10 per unit per week and a 0.99 in-stock probability is desired. a) What is Store B's weekly inventory holding cost if lead time is two weeks? b) What is Store B's weekly inventory holding cost per unit?
Problem 1. Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year.Last YearItem cost$10.00Order cost$250.00annual hold cost (%)33% of item costAnnual demand25,750average demand515per weekStandard deviation of weekly demand25per weeklead time1weekservice probability95%
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. If...
Annual demand for a Tonka Trucks is 22,100 units: with a weekly standard deviation of 85 units. The cost of making an order from Indonesia and paying shipping is $1,200, and the time from ordering to receipt is 3 weeks. The annual inventory carrying cost is $1.50 per unit. 1. Specifically, what is the optimal order quantity? 2. To provide a 98% service level, what must the reorder point be? Samantha's Poker Gallery orders snacks from Cisco every week. The...
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