Homework Answers
Reorder point is the level of inventory which the firm holds in stock and when the inventory level reach this point, the firm must reorder the item. Economic Order Quantity refers to the number of unit that are added to the inventory which can minimize the total inventory cost. It maintain a balance between setup costs and carrying costs.
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7. Suppose that Sam's Cat Hotel in the problem above uses a P system instead...
Each certified instructor puts in 480 hours per quarter regular time and can work an additional 1...
Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120 hours overtime. Regular-time wages and benefits cost Carlton $7,200 per employee per quarter for regular time worked up to 480 hours, with an overtime cost of $20 per hour. Unused regular time for certified instructors is paid at $15 per hour. There is no cost for unused overtime capacity The cost of hiring, training, and certifying a new employee is $10,000. Layoff costs...
Bob Carlton's golf camp estimates the following workforce requirements for its services over the next two...
Bob Carlton's golf camp estimates the following workforce requirements for its services over the next two years: Quarter 1 2 3 4 5 6 7 8 Demand (hrs) 4,400 6,500 3,200 5,200 4,500 6,300 3,800 4,900 Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120 hours overtime. Regular-time wages and benefits cost Carlton $7,200 per employee per quarter for regular time worked up to 480 hours, with an overtime cost of $20...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 95 bags/week Order cost = $58/order Annual holding cost = 25 percent of cost Desired cycle@service level = 90 percent Lead time = 4 weeks (28 working days) Standard deviation of weekly demand = 16 bags Current on-hand inventory is 315 bags, with...
Sam's Cat Hotel operates 52 weeks per year and uses a continuous review inventory system. It...
Sam's Cat Hotel operates 52 weeks per year and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 85 bags/week Order cost = $57/order Annual holding cost = 26% of cost per bag Desired cycle-service level = 90% Lead-time = 2 weeks Standard deviation of weekly demand = 18 bags What is the economic order quantity (EOQ) for kitty litter? What would be the average...
Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about these bags: follows≻Demandequals=85 bags/week follows≻Order cost=$50.00/order follows≻Annual holding costequals=35 percent of cost follows≻Desired cycle-service levelequals=80 percent follows≻Lead time=4 weeks (24 working days) follows≻Standard deviation of weekly demand= 15 bags follows≻Current on-hand inventory is 320 bags, with no open orders or backorders. a. Suppose that the weekly demand...
Tim Booker's tennis camp estimates the workforce requirements for its services over the next two years...
Tim Booker's tennis camp estimates the workforce requirements for its services over the next two years in the accompanying table. Quarter 1 2 3 4 5 6 7 8 Demand(hours) 4,200 6,400 3,000 4,800 4,400 6,240 3,600 4,800 Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120 hours overtime. Regular-time wages and benefits cost Booker $ 7,200 per employee per quarter for regular time worked up to 480 hours, with an overtime...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.00 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. follows ≻Demand = 80 bags/week follows ≻Order cost = $ 55/order follows ≻Annual holding cost = 29 percent of cost follows ≻Desired cycle-service level equals = 96 percent follows ≻Lead time = 4 week(s) (28 working days)...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.50 per bag. The following information is available about these bags: Demand 80 bags/week Order cost $58.00/order Annual holding cost 40 percent of cost Desired cycle-service level 80 percent Lead time 4 weeks (24 working days) Standard deviation of weekly demand 15 bags Current on-hand inventory is 320 bags, with no open orders or backorders. a....
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...
Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120 hours overtime. Regular-time wages and benefits cost Carlton $7,200 per employee per quarter for regular time worked up to 480 hours, with an overtime cost of $20 per hour. Unused regular time for certified instructors is paid at $15 per hour. There is no cost for unused overtime capacity The cost of hiring, training, and certifying a new employee is $10,000. Layoff costs...
Bob Carlton's golf camp estimates the following workforce requirements for its services over the next two years: Quarter 1 2 3 4 5 6 7 8 Demand (hrs) 4,400 6,500 3,200 5,200 4,500 6,300 3,800 4,900 Each certified instructor puts in 480 hours per quarter regular time and can work an additional 120 hours overtime. Regular-time wages and benefits cost Carlton $7,200 per employee per quarter for regular time worked up to 480 hours, with an overtime cost of $20...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about these bags. Demand = 95 bags/week Order cost = $58/order Annual holding cost = 25 percent of cost Desired cycle@service level = 90 percent Lead time = 4 weeks (28 working days) Standard deviation of weekly demand = 16 bags Current on-hand inventory is 315 bags, with...
Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.25 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. Demand 96 bags/week Order cost- $58/order >Annual holding cost 26 percent of cost > Desired cycle-service level 90 percent > Lead time 1 week(s) (7 working days) > Standard deviation of weekly demand 13 bags >Current on-hand...
Sam's Cat Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $12.50 per bag. The following information is available about these bags: Demand 80 bags/week Order cost $58.00/order Annual holding cost 40 percent of cost Desired cycle-service level 80 percent Lead time 4 weeks (24 working days) Standard deviation of weekly demand 15 bags Current on-hand inventory is 320 bags, with no open orders or backorders. a....
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