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Problem 14-35 (Algorithmic) Statewide Auto Parts uses a four-week periodic review system to reorder parts for...
Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items....
Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items. The review interval is 12 weeks, and the lead time for receiving the materials ordered from its wholesaler is 4 weeks. Weekly demand is normally distributed, with a mean of 125 units and a standard deviation of 25 units. Refer to the standard normal table LOADING... for z-values. a. What is the average and the standard deviation of demand during the protection interval? The...
Problem 14-31 (Algorithmic) A product with an annual demand of 1150 units has Co = $22.5...
Problem 14-31 (Algorithmic) A product with an annual demand of 1150 units has Co = $22.5 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with 29 and ơ-7. a. What is the recommended order quantity? If required, round your answer to two decimal places. 85.98 b, what are the reorder point and safety stock if the firm desires at most a 3% probability of stock-out on any given order...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every five weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand 14,000 9,000 Holding cost (% of item cost)...
eBook Problem 14-31 (Algorithmic) A product with an annual demand of 1000 units has Co $25.5 and Ch follows a norma...
eBook Problem 14-31 (Algorithmic) A product with an annual demand of 1000 units has Co $25.5 and Ch follows a normal probability distribution with -25 and ơ-5. $8. The demand exhibits some variability such that the lead-time demand a. What is the recommended order quantity? If required, round your answer to two decimal places. 79.84 b, what are the reorder point and safety stock if the firm desires at most a 2% probability of stock-out on any given order cycle?...
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...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from...
Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM TEGDIW WIDGET Annual demand 9,000 9,000 Holding cost (% of item cost)...
Problem 14-31 (Algorithmic) A product with an annual demand of 1100 units has Co = $24.5 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability d...
Problem 14-31 (Algorithmic) A product with an annual demand of 1100 units has Co = $24.5 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with µ = 30 and σ = 6. What is the recommended order quantity? If required, round your answer to two decimal places. Q* = What are the reorder point and safety stock if the firm desires at most a 3% probability of stock-out on...
Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts...
Again Agame Inventory System The Again Agame Company produces a game with plastic injection molded parts (along with many other game parts). They receive the demand orders for their shop for the following week and then set up the plastic molding machine to make the parts. The average demand is 20 units per week, Each time they set up the machine (i.e., order parts), they incur a cost of $9, If they do not have enough parts on hand to...
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws...
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM Annual defand Holding,...
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...
Problem 14-31 (Algorithmic) A product with an annual demand of 1150 units has Co = $22.5 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with 29 and ơ-7. a. What is the recommended order quantity? If required, round your answer to two decimal places. 85.98 b, what are the reorder point and safety stock if the firm desires at most a 3% probability of stock-out on any given order...
eBook Problem 14-31 (Algorithmic) A product with an annual demand of 1000 units has Co $25.5 and Ch follows a normal probability distribution with -25 and ơ-5. $8. The demand exhibits some variability such that the lead-time demand a. What is the recommended order quantity? If required, round your answer to two decimal places. 79.84 b, what are the reorder point and safety stock if the firm desires at most a 2% probability of stock-out on any given order cycle?...
* Week5 2521/activity Saved Help Save & Exit Su Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every two weeks. Data for both products are as follows: ITEM Annual defand Holding,...
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