Homework Answers
A. Z = 1.65 (for 95% service level)
Weekly demand = 273
Lead time = 4 weeks
Standard deviation = 95
ROP = (weekly demand * Lead time) + (Z * standard deviation * sqrt (lead time))
= (273 * 4) + ( 1.65 * 95 * sqrt(4))
= 1,405.5
Do give a positive rating if you think this answer helped
Add Answer to:
Need help with a.
Problem 11-19 (Algo) The annual demand for a product is 14,200 units....
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...
nt Week5 Saved Help Save & Exit Subm The annual demand for a product is 14,800...
nt Week5 Saved Help Save & Exit Subm The annual demand for a product is 14,800 units. The weekly demand is 285 units with a standard deviation of 95 units. The cost to place an order is $31.00, and the time from ordering to receipt is two weeks. The annual inventory carrying cost is $0.20 per unit. a. Find the reorder point necessary to provide a 90 percent service probability. (Use Excel's NORM.S.INVO) function to find the z value. Round...
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....
Problem 11-20 (Algo) Daily demand for a product is 170 units, with a standard deviation of...
Problem 11-20 (Algo) Daily demand for a product is 170 units, with a standard deviation of 30 units. The review period is 5 days and the lead time is 2 days. At the time of review, there are 20 units in stock. If 95 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
Problem 11-15 (Algo) Given the following information, formulate an inventory management system. The item is demanded...
Problem 11-15 (Algo) Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER VALUE PARAMETER VALUE Item cost $ 11.00 Standard deviation of weekly demand 30 per week Order cost $ 277.00 Lead time 1 week Annual holding cost 32 % of item cost Service probability 90 % Annual demand 26,900 Average weekly demand 538 per week a. Determine the order quantity and reorder point. (Use Excel's NORM.S.INV() function to find the...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual deland Average Keekly demand VALUE $ 7.00 $283.ee 32% of item cost 22,100 442 per week PARAMETER Standard deviation of weekly demand Lead time Service probability VALUE 20 per week 1 week 95% a. Determine the order quantity and reorder point (Use Excel's NORM.S.INV() function to find the z...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of 20 units. The review period is 5 days and the lead time is 6 days. At the time of review, there are 50 units in stock. If 90 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INVO function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
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 an item is 1,250,000 units. The holding cost rate is 20% of the...
Annual demand for an item is 1,250,000 units. The holding cost rate is 20% of the item cost. Ordering costs are $4 per order. Quantity discounts are available according to the schedule below: Quantity Price per Unit ($) 1-999 1.15 1,000-2,499 1.10 2,500-4,999 1.08 5,000+ 1.05 What is the total annual cost of your policy? ~$1,313,949 ~$1,351,540 ~$1,377,276 ~$1,422,620 Assume 52 5-day weeks per year. If the lead-time is 1 weeks, what should the reorder point be? If necessary, round...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The review period is 20 days and the lead time is 10 days. At the time of review, there are 50 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered quantity units
nt Week5 Saved Help Save & Exit Subm The annual demand for a product is 14,800 units. The weekly demand is 285 units with a standard deviation of 95 units. The cost to place an order is $31.00, and the time from ordering to receipt is two weeks. The annual inventory carrying cost is $0.20 per unit. a. Find the reorder point necessary to provide a 90 percent service probability. (Use Excel's NORM.S.INVO) function to find the z value. Round...
Problem 11-20 (Algo) Daily demand for a product is 170 units, with a standard deviation of 30 units. The review period is 5 days and the lead time is 2 days. At the time of review, there are 20 units in stock. If 95 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
Surved Help Sove & Exit Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual deland Average Keekly demand VALUE $ 7.00 $283.ee 32% of item cost 22,100 442 per week PARAMETER Standard deviation of weekly demand Lead time Service probability VALUE 20 per week 1 week 95% a. Determine the order quantity and reorder point (Use Excel's NORM.S.INV() function to find the z...
Problem 11-20 (Algo) Daily demand for a product is 110 units, with a standard deviation of 20 units. The review period is 5 days and the lead time is 6 days. At the time of review, there are 50 units in stock. If 90 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INVO function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered...
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...
Daily demand for a product is 100 units, with a standard deviation of 15 units. The review period is 20 days and the lead time is 10 days. At the time of review, there are 50 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.) Ordered quantity units
Most questions answered within 3 hours.
-
You are attempting to calculate a firm’s free cash flow to
equity. You know the following...
asked 39 minutes ago -
the following reaction occurs in a balloon containing
N2O2 gas
N2O4(g)=2NO2(g)
will the volume of the...
asked 1 hour ago -
answer the questions throughout this program
public class Day implements Comparable {
Private Boolean atWork;...
asked 1 hour ago -
This is C++ code for parking fee management program
#include <iostream>
#include <iomanip>
using namespace std;...
asked 1 hour ago -
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 3 hours ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 4 hours ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 5 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 6 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 6 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 6 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 7 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 7 hours ago