Homework Answers
Add Answer to:
A firm is operating a fixed inventory system. One product has the following characteristics: Order cost...
"Peterson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per...
"Peterson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item: Demand = 50,000 units/year, Ordering cost = $35/order, Inventory-carrying or holding cost as a percent of item value = 25%, Item (Unit) cost = $8 calculate the economic order quantity (EOQ) that is the Square Root (2 * Demand * Ordering cost)/Square root (holding cost * unit cost)"
A firm has been ordering a certain item 600 units at a time. The firm...
A firm has been ordering a certain item 600 units at a time. The firm estimates that ordering cost is $200/order, and that annual demand is 1800 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of holding cost (H: avg $cost of holding one piece for 1 year) would their ordering policy (600 units per order) be economically optimal (be the EOQ)? EOQ = Sq Root[(2D*S)/H] Where: D...
SS LIMITED Inventory Cost Management Annual Holding Cost / unit Total Holding Cost / Buffer Stock...
SS LIMITED Inventory Cost Management Annual Holding Cost / unit Total Holding Cost / Buffer Stock Total Holding Cost / Orders Fixed Cost / order Total Ordering Cost / Orders Total Cost Saving by Economic Order Quantity Annual Consumption, units 1,800,000 £1.50 £37.50 Quantity per Order, units 50,000 £42,000.00 £37,500.00 £1,350.00 £80,850.00 Economic Order Quantity, units 9,487 £42,000.00 £7,115.25 £7,115.00 £56,230.25 £24,619.75 Buffer Stock, units 28,000 Weekly Demand, units 36,000 Lead Time, weeks 2...
Southern Office Supplies Inc.
Southern Office Supplies Inc. distributes office supplies to customers in the Southeast. One popular SKU is laser printer paper. Ordering costs are $51.00 per order. One ream of paper costs $3.80, and Southern uses a 25 percent annual inventory-holding cost rate. The average annual demand is 15,500 reams and historical data shows that the standard deviation of weekly demand is about 72. The lead time from the manufacturer is 3 weeks. The data has been collected in the Microsoft Excel...
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...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it sells to customers around the coutry. A Japanese manufacture supplies theitem using airfreigt. It has following characteristics:m Annual demand 1.200 units Leadtime Holding costs -25% per year Purchase price, delivered 75 USD per unit Ordering cost 25USD per unit - 1 week 1. Design a reorder point method of control for this item. Plot orders time diagramme. 2. What are the annual ordering and...
Petty House operates 52 weeks per year, 6 days per week, and uses a continuous review inventory
Petty House operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system (i.e. Q system). It purchases kitty litter for $ 10 per bag. The following information is available about these bags. Demand = 102 bags/ week Order cost = $ 49/ order Annual holding cost = 25 percent of cogs Desired cycle service level = 80 percent Lead time = 3 weeks Standard deviation of weekly demand = 15 bags Current on-hand inventory...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving...
Eagle Insurance is a large insurance company chain with a central inventory operation. The company’s fastest-moving inventory item has a demand of 80,000 units per year. The cost of each unit is $200, and the inventory carrying cost is $15 per unit per year. The average ordering cost is $60 per order. It takes about 2 days for an order to arrive. This is a corporate operation, and there are 250 working days per year. (Please show all work including...
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...
Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks...
Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks a year. 2. Item cost Order cost Annual holding cost (%) Annual demand Average demand $20 $250 10% df item cost 25,000 500 per week Standard deviation of weekly demand Lead time Service probability 25 per week 1 week 95% Compute the order quantity and reorder point. For the order quantity, please provide at least one step of calculation and the correct answer for...
TEST Assignment 1 A computer-supply mail- order house has a memory chips in inventory that it sells to customers around the coutry. A Japanese manufacture supplies theitem using airfreigt. It has following characteristics:m Annual demand 1.200 units Leadtime Holding costs -25% per year Purchase price, delivered 75 USD per unit Ordering cost 25USD per unit - 1 week 1. Design a reorder point method of control for this item. Plot orders time diagramme. 2. What are the annual ordering and...
Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks a year. 2. Item cost Order cost Annual holding cost (%) Annual demand Average demand $20 $250 10% df item cost 25,000 500 per week Standard deviation of weekly demand Lead time Service probability 25 per week 1 week 95% Compute the order quantity and reorder point. For the order quantity, please provide at least one step of calculation and the correct answer for...
Most questions answered within 3 hours.
-
The vapor pressure of a solution containing 38.7 g glycerin
(C3H8O3) in 146.2 g ethanol (C2H5OH)...
asked 5 seconds from now -
without using map
1. Write a C++ program to find out the top 10 words in...
asked 1 minute ago -
A physics major is cooking breakfast when he notices that the
frictional force between the steel...
asked 5 minutes ago -
1)Calculate the percent ionization of a
0.330 M solution of hypochlorous
acid.
% Ionization = %...
asked 3 minutes ago -
A cyclohexane (c-hex) solution is prepared by fully dissolving
9.11g of a newly synthesized organic compound...
asked 11 minutes ago -
SCHEME :-)
[5 marks] Write a procedure called convert that takes as
arguments: a temperature value...
asked 17 minutes ago -
Are
Acetyl CoA and Pyruvate biological molecules that are used to get
ATP energy in aerobic...
asked 18 minutes ago -
Two waves are traveling on a string, one with a wave function,
y1 = 0.05sin(4x -...
asked 25 minutes ago -
Develop an ideal customer profile for three Dell Customer
groups( a supplier, a global business, and...
asked 28 minutes ago -
Suppose, for any future year, the probability its October rain
is more than 3 inches is...
asked 32 minutes ago -
Solve the following systems of linear equations using
substitution 12p + 3q = 15 6q +...
asked 40 minutes ago -
Prof. D went grocery shopping and purchased one dozen eggs and
one pound of flour (all...
asked 47 minutes ago