Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Increasing batch sizes leads to all of the following, except O 1) reduction in the number...
Question 2 (10 points) The IBP Grocery orders most of its items in lot sizes of...
Question 2 (10 points) The IBP Grocery orders most of its items in lot sizes of 10 units. Average annual demand per side of beef is 720 units per year. Ordering costs are $25 per order with an average purchasing price of $100. Annual inventory carrying costs are estimated to be 40% of the unit cost. Required: 1. Determine the economic order quantity (3 points). 2. Determine the annual cost savings if the shop changes from an order size of...
Which of the following methods can be used to forecast the demand for a NEW product?...
Which of the following methods can be used to forecast the demand for a NEW product? OA) average demand OB ) exponential smoothing OC) equation fitting OD ) moving averages OE) qualitative techniques Which of the following statements concerning inventory management objectives is false? O Knowing how much inventory should be ordered at one time. Provide the required level of customer service. Reduce the sum of all costs involved. When the order is placed is not a priority. All are...
Fisk Corporation is trying to improve its inventory control system and has installed an online system...
Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 97,200 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second...
Fisk Corporation is trying to improve its inventory control system and has installed an online system...
Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 57,600 units per year, an ordering cost of $12 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $3 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second...
1. Which of the following affects the calculation of the reorder point? a. Average usage b....
1. Which of the following affects the calculation of the reorder point? a. Average usage b. Average lead time c. Safety stock d. All of the above 2. The role of safety stock in an organization is to a. Reduce the lead-time for an order to be received. b. Reduce the likelihood of a stockout. c. Reduce the reorder point. d. Decrease the economic order quantity. 3. The costs of preparing, issuing, and paying purchase orders, plus receiving and inspecting...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number of facilities, making them more flexible, or increasing capacity 2. Increasing number of facilities increases facility and inventory costs, decreases transportation costs and increases response time 3. Inventory is needed when there is mismatch between supply and demand 4. Increasing inventory generally makes the supply chain more responsive 5. Level of Product Availability is The fraction of demand that is served on time from...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved product quality O b. reduced capacity requirements for a given level of output O c. larger lot sizes O d. reduced inventory levels O e. reduced manufacturing lead times Complete the following statement correctly. Organizational culture refers to: Select one: O a. an exact or approximate linear relationship between two explanatory behavioral variables. O b. assumptions people make that guide their beliefs, behaviors, and...
QUESTION 38 All these are characteristics of a monopoly except, O a. Controls a large share...
QUESTION 38 All these are characteristics of a monopoly except, O a. Controls a large share of the market b. There is one seller of the product Oc Controls a small share of the market d. Has few substitutes QUESTION 39 A rising average cost implies that a marginal cost is equal to average cost b. marginal cost is above average cost C. marginal cost is below average cost d. none of the above QUESTION 40 If long run average...
Question 1 10 pts Carrying capacity is likely determined by all of the following except O...
Question 1 10 pts Carrying capacity is likely determined by all of the following except O space O all of those listed O food O size of the organism
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand =...
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 28 units per day Average lead time = 43 days Item unit cost = $63 for orders of less than 330 units Item unit cost = $62 for orders of 330 units or more Ordering cost = $38 Inventory carrying cost = 20% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a....
Question 2 (10 points) The IBP Grocery orders most of its items in lot sizes of 10 units. Average annual demand per side of beef is 720 units per year. Ordering costs are $25 per order with an average purchasing price of $100. Annual inventory carrying costs are estimated to be 40% of the unit cost. Required: 1. Determine the economic order quantity (3 points). 2. Determine the annual cost savings if the shop changes from an order size of...
1. Which of the following affects the calculation of the reorder point? a. Average usage b. Average lead time c. Safety stock d. All of the above 2. The role of safety stock in an organization is to a. Reduce the lead-time for an order to be received. b. Reduce the likelihood of a stockout. c. Reduce the reorder point. d. Decrease the economic order quantity. 3. The costs of preparing, issuing, and paying purchase orders, plus receiving and inspecting...
A. Select the true and false sentences 1. You can increase responsiveness by increasing the number of facilities, making them more flexible, or increasing capacity 2. Increasing number of facilities increases facility and inventory costs, decreases transportation costs and increases response time 3. Inventory is needed when there is mismatch between supply and demand 4. Increasing inventory generally makes the supply chain more responsive 5. Level of Product Availability is The fraction of demand that is served on time from...
Reported benefits of lean implementations include all of the following except: Select one: O a. improved product quality O b. reduced capacity requirements for a given level of output O c. larger lot sizes O d. reduced inventory levels O e. reduced manufacturing lead times Complete the following statement correctly. Organizational culture refers to: Select one: O a. an exact or approximate linear relationship between two explanatory behavioral variables. O b. assumptions people make that guide their beliefs, behaviors, and...
QUESTION 38 All these are characteristics of a monopoly except, O a. Controls a large share of the market b. There is one seller of the product Oc Controls a small share of the market d. Has few substitutes QUESTION 39 A rising average cost implies that a marginal cost is equal to average cost b. marginal cost is above average cost C. marginal cost is below average cost d. none of the above QUESTION 40 If long run average...
Question 1 10 pts Carrying capacity is likely determined by all of the following except O space O all of those listed O food O size of the organism
Most questions answered within 3 hours.
-
AVX Home Entertainment, Inc., recently began a “no-hassles”
return policy. A sample of 505 customers who...
asked 10 seconds ago -
9. Go to the CDC website. What is a current outbreak in the US
(something other...
asked 33 seconds ago -
in
a certain experiment 5.280 g of hydrochloric acid (HCl) reacts with
excess calcium carbonate (CaCO3)....
asked 10 minutes ago -
You see a game at a local fair. You have to throw a dart at a...
asked 7 minutes ago -
Cadmium is a metal that is soft and bluish-white in color.
Cadmium was used for a...
asked 10 minutes ago -
Suppose that a competitive firm’s MC = 3 + 2q, AVC = 3 + q, and...
asked 14 minutes ago -
When I invoke the forward or backward method the current_number
isnt being changed. Not sure if...
asked 15 minutes ago -
At the Pinelands University Medical Center, clinics trials were
performed with a medical treatment intended to...
asked 28 minutes ago -
Question 1.
XOR
Challenge 1: The key is a single digit
Decrypt the cipher =
snw{fzs...
asked 34 minutes ago -
Propose the importance of the financial account (from the BOP)
to economic indicators.?
asked 30 minutes ago -
Please submit the following files for this
assignment:
**************************Animal.h, Animal.cpp,
Mammal.h, Mammal.cpp, Cat.h, Cat.cpp,
main.cpp********************************************************
Assignment...
asked 31 minutes ago -
Multidimensional arrays can be stored in row major order or in
column major order. The access...
asked 33 minutes ago