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Practice Problem 1 Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are...
Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24...
Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each. Annual demand is 7500 fan assemblies, the annual inventory holding cost rate is $4 per unit, and the cost to place an order is estimated to be $60. What is the optimal order quantity (rounded to the nearest integer)? Assuming that the fan assemblies are ordered in quantities equal to the optimal order quanitity, calculate the following: a. Average inventory level b. The...
The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its...
The Talbot Company uses electrical assemblies to produce an array of small appliances. One of its high cost / high volume assemblies, the XO-01, has an estimated annual demand of 8,000 units. Talbot estimates the cost to place an order is $50, and the holding cost for each assembly is $10 per year. The company operates 250 days per year. What is the total annual holding and ordering cost if Talbot orders using the Economic Order Quantity (EOQ)?
The Burdell Company is a small manufacturing company that uses gear assemblies to produce four different...
The Burdell Company is a small manufacturing company that uses gear assemblies to produce four different models of mountain bikes. One of these gear assemblies, the "Smooth Shifter", is used for the two most expensive of Burdell's four models, and has an estimated weekly demand of 7 units. Currently, this assembly is purchased in lots of 100 units. Burdell estimates the cost to place an order is $40, and the holding cost for each assembly is $5/unit/month. The company operates...
The Boilermakers is a manufacturing company that uses gear assemblies to produce four different models of...
The Boilermakers is a manufacturing company that uses gear assemblies to produce four different models of mountain bikes. One of these gear assemblies, the "Smooth Shifter," is used for the two most expensive models, and has an estimated annual demand of 540 units. The Boilermakers estimates the cost to place an order is $100, and the holding cost for each assembly is $10 per month. a) Currently, not knowing about EOQ, the purchasing manager places an order for the Smooth...
Demand for the Deskpro computer at Best Buy is 1,000 units per month. Best Buy incurs...
Demand for the Deskpro computer at Best Buy is 1,000 units per month. Best Buy incurs a fixed order placement, transportation, and receiving cost of $4,000 each time an order is placed. Each computer costs Best Buy $500 and the retailer has a holding cost of 20 percent. The store manager orders in lots of 200 units for each replenishment order. Calculate: 1. The number of times the manager should place an order (order frequency) to meet the annual demand. 2. The...
QUESTION 2 It is a requirement that you complete Industrial Engineering Practice I and II before you can raduate...
QUESTION 2 It is a requirement that you complete Industrial Engineering Practice I and II before you can raduate. Your brother owns a hardware store and on the occasions you have worked in the store you have notice his business experience problems with inventory holding. You offered your assistance in solving some of the inventory problems. During your observations you determine the annual demand for number six screws is 100 000. For the purpose of the Work Integrated Learning exercise,...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells low flow toilets to contractors for use in commercial office buildings. The estimated annual demand for the toilets is 5,475 units. The estimated average demand per day is 18 units. The purchase cost from the toilet manufacturer is $135.00 per unit. The lead-time for a new order is 5 days. The ordering cost is $90.00 per order. The average holding cost per unit per...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling in...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
Question Set 2. MUSTBE DONE USING EXCEL operation must periodically purchase bulk quantities of b...
Question Set 2. MUSTBE DONE USING EXCEL operation must periodically purchase bulk quantities of bolts. The bolts are purchased in manu boxes of 500 and are consumed at a constant rate. The operation expects to purchase 30,000 boxes over the coming year. Each box costs $150, the annual holding cost per box is $20, and the cost of placing an order is $240 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it sells to customers around the coutry. A Japanese manufacture supplies theitem using airfreigt. It has following characteristics:m Annual demand 1.200 units Leadtime Holding costs -25% per year Purchase price, delivered 75 USD per unit Ordering cost 25USD per unit - 1 week 1. Design a reorder point method of control for this item. Plot orders time diagramme. 2. What are the annual ordering and...
Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each. Annual demand is 7500 fan assemblies, the annual inventory holding cost rate is $4 per unit, and the cost to place an order is estimated to be $60. What is the optimal order quantity (rounded to the nearest integer)? Assuming that the fan assemblies are ordered in quantities equal to the optimal order quanitity, calculate the following: a. Average inventory level b. The...
The Boilermakers is a manufacturing company that uses gear assemblies to produce four different models of mountain bikes. One of these gear assemblies, the "Smooth Shifter," is used for the two most expensive models, and has an estimated annual demand of 540 units. The Boilermakers estimates the cost to place an order is $100, and the holding cost for each assembly is $10 per month. a) Currently, not knowing about EOQ, the purchasing manager places an order for the Smooth...
QUESTION 2 It is a requirement that you complete Industrial Engineering Practice I and II before you can raduate. Your brother owns a hardware store and on the occasions you have worked in the store you have notice his business experience problems with inventory holding. You offered your assistance in solving some of the inventory problems. During your observations you determine the annual demand for number six screws is 100 000. For the purpose of the Work Integrated Learning exercise,...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
Question Set 2. MUSTBE DONE USING EXCEL operation must periodically purchase bulk quantities of bolts. The bolts are purchased in manu boxes of 500 and are consumed at a constant rate. The operation expects to purchase 30,000 boxes over the coming year. Each box costs $150, the annual holding cost per box is $20, and the cost of placing an order is $240 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it sells to customers around the coutry. A Japanese manufacture supplies theitem using airfreigt. It has following characteristics:m Annual demand 1.200 units Leadtime Holding costs -25% per year Purchase price, delivered 75 USD per unit Ordering cost 25USD per unit - 1 week 1. Design a reorder point method of control for this item. Plot orders time diagramme. 2. What are the annual ordering and...
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