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For questions 1-4, please use the following scenario: Rocky Mountain Power (RMP) maintains an inventory of...
Use the following information to answer questions 17-20. A large hospital uses a certain intravenous solution...
Use the following information to answer questions 17-20.
A large hospital uses a certain intravenous solution that it
maintains in inventory. Assume the hospital uses reorder point
method to control the inventory of this item. Pertinent data about
this item are as follows:
------------------------------------------------------------
Forecast of demanda = 1,000 units per week
Forecast errora, std. dev. =100 units per week
Lead time = 4 weeks
Carrying cost = 25 % per year
Purchase price, delivered = $52 per unit
Replenishment...
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...
A construction equipment dealer is facing a difficult inventory problem. Low inventory turnover is squeezing profit...
A construction equipment dealer is facing a difficult inventory problem. Low inventory turnover is squeezing profit margins and causing cash-flow problems. One of the top-selling SKUs in the storage is a special small appliance. Sales are 18 units per week, and the supplier charges $60 per unit. The cost of placing an order with the supplier is $45. Annual holding cost is 25 percent of a product’s value, and the shop operates 52 weeks per year. Management chose a 390-unit...
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of...
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of demanda = 36,000 units per week Forecast error, std. dev. = 800 units per week Lead time = 2.5 weeks Lead time error, std. dev = 1.2 weeks Carrying cost = 20% per year Purchase price, delivered = $65 per unit Replenishment order cost = $2,000 per order Stockout cost - $2 per unit EOQ = 24,000 units In-stock Probability during the lead time...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 64 gallons of Green Paint every week (for 52 weeks per year). They purchase Green Paint from their supplier at a price of $3.50 per gallon. [The company does not hold Safety Stock] It takes 2.25 weeks to receive an order...
need C, D, and F completed Use the Continuous Inventory Model and the data below to...
need C, D, and F completed
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of demanda = 36,000 units per week Forecast error, std. dev. = 800 units per week Lead time = 2.5 weeks Lead time error", std. dev = 1.2 weeks Carrying cost = 20 % per year Purchase price, delivered = $65 per unit Replenishment order cost = $2,000 per order Stockout cost = $2 per unit EOQ = 24,000...
Problem 2 The ER would like to add Tegaderm (a semi-occlusive dressing) to the pharmacy’s inventory,...
Problem 2 The ER would like to add Tegaderm (a semi-occlusive dressing) to the pharmacy’s inventory, as it currently stocks none and it would be helpful for patients to be able to apply at home after discharge. It has been assigned SKU-2319. You are in charge of ordering the correct amount of inventory. We know demand will be 80 dressings per day. Tegaderm is pricey, at about $1.50 per dressing with a fixed ordering and shipping cost of $12 per...
can you show how to do this work Question 13 Using a computerized Inventory Management System,...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
Please answer the following 4 questions based on the same problem: A small shop implemented a...
Please answer the following 4 questions based on the same problem: A small shop implemented a continuous review policy in managing its inventory with the given parameters for one item: Annual demand: 15,000 units Holding costs: 40% of purchase price per year. Landed purchase cost: $10 Setup cost: $75 per order Number of working days per calendar year: 250 Lead time: 3 days Required service level: 95% 1. Determine the reorder point, assuming no safety stock. Round your answer to...
Use the following information to answer questions 17-20.
A large hospital uses a certain intravenous solution that it
maintains in inventory. Assume the hospital uses reorder point
method to control the inventory of this item. Pertinent data about
this item are as follows:
------------------------------------------------------------
Forecast of demanda = 1,000 units per week
Forecast errora, std. dev. =100 units per week
Lead time = 4 weeks
Carrying cost = 25 % per year
Purchase price, delivered = $52 per unit
Replenishment...
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of demanda = 36,000 units per week Forecast error, std. dev. = 800 units per week Lead time = 2.5 weeks Lead time error, std. dev = 1.2 weeks Carrying cost = 20% per year Purchase price, delivered = $65 per unit Replenishment order cost = $2,000 per order Stockout cost - $2 per unit EOQ = 24,000 units In-stock Probability during the lead time...
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 64 gallons of Green Paint every week (for 52 weeks per year). They purchase Green Paint from their supplier at a price of $3.50 per gallon. [The company does not hold Safety Stock] It takes 2.25 weeks to receive an order...
need C, D, and F completed
Use the Continuous Inventory Model and the data below to answer these six questions. Forecast of demanda = 36,000 units per week Forecast error, std. dev. = 800 units per week Lead time = 2.5 weeks Lead time error", std. dev = 1.2 weeks Carrying cost = 20 % per year Purchase price, delivered = $65 per unit Replenishment order cost = $2,000 per order Stockout cost = $2 per unit EOQ = 24,000...
can you show how to do this work
Question 13 Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores X and their distribution warehouse. The Paint Supply Store franchise sells an average of 74 gallons of Purple Paint every week (for 52 weeks per year, Standard Deviation of the Demand - 8 gallons). They purchase Purple Paint from their supplier at a price...
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