3. Setup costs involves: a. costs of staff posted for ordering of goods b. expenses incurred on transportation of purchased orders c. inspection cost of material d. all the above.
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- If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c , find the minimum cost.#1. ii. Thanks.distributor of automotive parts is considering ordering and inventory policy for a new make of tire. This is a specialty item; annual demand is only 2000 units. The cost of placing an order is $100, and annual inventory holding costs are estimated at 20% of the cost of an item. The price paid for the new tires will vary depending on the order quantity according to the following schedule: Order Quantity Less than 100 100 to 599 600 to 1199 1200 or more Cost per Unit $61 $60 $59 $58 Analyze this data to determine the Economic Order Quantity for this inventory item.
- A phone company can purchase an equipment for $250,000 to produce the phone cover for $10 per cover. Alternatively, a vendor could supply the cover for $15 each, inclusive. The company will make the decision to buy the equipment when: 1) The supplier cost per cover is more than $10. 2) The demand on the cover is more than 50000 3) The demand on the cover is less than 50000 4) None of the aboveThe following table shows the expenses and income for a local college student. Assume that amounts shown for salaries and wages are after taxes and that 1 month = 4 weeks. Income Expenses Part-time Job: $1100/month Rent: $550/month Student Loans: $8400/year Groceries: $50/week Scholarship: $5700/year Tuition and Fees: $7500/year Health Insurance: $40/month Entertainment: $40/week Phone: $65/month a) What is the student's monthly income? b) What is the student's monthly expenses? c) What is the student's net monthly cash flow?STAR Co. provides paper to smaller companies with volumes that are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The demands for these widths vary from week to week. The following cutting patterns have been established. Min s.t. 12-ft Pattern Number 15-ft 30-ft 1 2 P1, P2, P3 P4 P5 ≥ 0 3 4 5 12-ft 15-ft 30-ft Trim Loss (ft) 0 0 8 3 7 6 0 0 0 1 C 3 0 2 0 10 Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 3(12) + 0(15) + 2(30) = 96 feet used results in 100 - 96 = 4 foot of trim loss). Orders in hand for the coming week are 5,680 12- foot rolls, 1,690 15-foot rolls, and 3,360 30-foot rolls. Any of the three types of rolls produced in excess of the orders in hand will be sold on the open market at the selling price. No inventory is held. 10 Formulate an integer programming model that will determine how many 100-foot rolls to cut…
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