Safety stock = 16.50 gallons
Reorder point = 132.50 gallons
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IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They...
A dairy company gets milk from two dairies and then blends the milk to get the desired amount of butterfat. Milk from dairy I costs $2.40 per gallon, and milk from dairy Il costs $0.80 per gallon. At most $144 is available for purchasing milk. Dairy I can supply at most 50 gallons averaging 3.9% butterfat, and dairy Il can supply at most 90 gallons averaging 2.9% butterfat. Answer parts a and b. a. How much milk from each supplier...
A dairy company gets milk from two dairies and then blends the milk to get the desired amount of butterfat. Milk from dairy I costs ?$2.402.40 per? gallon, and milk from dairy II costs ?$0.800.80 per gallon. At most ?$144144 is available for purchasing milk. Dairy I can supply at most 5050 gallons averaging 3.73.7?% ?butterfat, and dairy II can supply at most 8080 gallons averaging 2.92.9?% butterfat. The company can buy at most 100 gallons of milk. Answer parts...
A dairy company gets milk from two dairies and then blends the milk to get the desired l costs S0.80 per gallon. Al most $144 is available for purchasing milk. Dairy I can supply at most 50 80 gallons averaging 29% butterfat Answer parts a-d of butterfat Milk from dairy 1 costs $2.40 per gallon, and milk rod with All supporting written work showing how you derived your final answers for this portion of the problem should be shown on...
The supermarket GoodFood orders fresh milk daily directly from Farmer Brigg. The daily demand for milk at the supermarket is normally distributed with an expected demand of 100 gallons and a standard deviation of 20 gallons. GoodFood pays $0.70 per gallon and sells the gallon for $1.00. If GoodFood has milk left over at the end of the day, he cannot keep it and sell it the next day, because it will be sour. However, Farmer Brigg can feed the...
Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.0 gallons per week. The new manager desires a service level of 90 percent. Lead time is two days, and the dairy is open seven days a week. (Hint: Work in terms of weeks.) Use Table B and Table B1. a-1. If an ROP model is used, what ROP...
A golf specialty wholesaler operates 350 days per year. Management is trying to determine an inventory policy for its 1-irons. The cost to place orders with the supplier is $25/order; the demand averages 12,000 items per day, with a standard deviation of 3,000 item. The annual inventory holding cost is $2.00 per item. The lead time form the supplier is 5 days, with a standard deviation of 2 days. It is important to maintain a 95 percent cycle-service level 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 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) A firm has a daily demand of 450 units. The lead time of receiving supplies is 3 days. If demand has a standard deviation of 100 units per day, what should be their safety stock? The firm plans for a 95% service level. What should be their reorder point? Note: ?0.95 = 1.64. A) This firm decides to increase their service level to 98%. What should be their safety stock? What should be their reorder point? Note: ?0.98 =...
The manager of a car wash received a revised price list from the vendor who supplies soap, and a promise of a shorter lead time for deliveries. Formerly the lead time was 4 days, but now the vendor promises a reduction of 25 percent in that time. Annual usage of soap is 5990 gallons. The car wash is open 360 days a year. Assume that daily usage is normal, and that it has a standard deviation of 4.0 gallons per...
please show work or explain i dont just want answers im trying to figure out how to do the problems Problem ward: 0.00 points Problems? Adiust credit for all students. 1-277 TB Problem Qu. 1-277 Learned Corporation has provided the following ... Learned Corporation has provided the following information: Cost per Period Cost per Unit $ 6.10 $ 4,15 $ 1.75 $ 27,600 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling...