EFG Company provided you that during the year there will be 50 deliveries of material H. The carrying cost per unit is P2.00 and the total ordering costs and carrying costs is P10,000. What is the annual volume requirement of material H?
Q: 1) Build a quality management plan.
A: A Small Introduction about Quality Management Quality management is the demonstration of supervisin...
Q: When a new busines is startered, or a patent idea needs fundig, venture capitalst or investment bank...
A: Whenever a new business is initiated, funding forms the pre-requisite and approaching to the venture...
Q: Describe the quality of a product based on its dimensions. You may site a specific product and its d...
A: Quality is the ability to measure other similar things to match the standard of the product and serv...
Q: 1. CREATE THE NETWORK DIAGRAM USING AON 2. DETERMINE THE NETWORK PATHS 3. DETERMINE THE CRITICAL PAT...
A: Activity-on-node directs to a precedence diagramming method by using the boxes to show the scheduled...
Q: Problem #3- Brass Department Store - Modified, from textbook page #202. The supplier for toy race ca...
A: case 1 actual
Q: Amy Lloyd is interested in leasing a new car and has contacted three automobile dealers for pricing ...
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b, ...
Q: how does unethical business practices degrade the quality of the experience a customer has with a se...
A: Ethical business is indeed the process of doing business in such a manner that all commercial action...
Q: I need the answer for G,H,I Thank you !
A: From the given data, the LP formulation will be as follows. Objective function: Max Z = 3600F+5400C ...
Q: All questions should be answered in the perspective of the vulnerable population!!!! Answers in smal...
A: Value creation happens when a business or association utilizes its work and assets to make something...
Q: QUESTION 8 We must add for converting a less-than-or-equal constraint for use in a simplex table, O ...
A: We must add for converting a less-than-or-equal constraint for use in a simplex table, a surplus var...
Q: Mr. Ferdinand is a well known entrepreneur who sells fresh organic beef to persons in the local comm...
A: The data for the numerical example is given below. Three week weights = 0.3, 0.2, and 0.1 Four week...
Q: Acompany uses 2,000 units of a product each year (constant usage). The product is purchased from a s...
A: Given, Annual demand = 200 units Unit cost, u = $4 + (5×20) = $5 Ordering cost, o = $25 Inventory Ho...
Q: a. Develop a regression equation to forecast the cost per thousand gallons as a function of the numb...
A: In statistics, a regression equation is used to determine whether or not there is a link between two...
Q: Which one of the following variables is not explicitly considered in the computation of the Economic...
A: Storage cost is the cost incurred when inventory stock is stored and managed in the warehouse of an ...
Q: Flag Faber Manufacturing inc of st paul purchases 9,649 top of the line semiconductor; the maximum b...
A: The detailed solution is given in Step 2.
Q: Project scheduling strategies such as the Work Breakdown Structure (WBS), Activity Definition (AD), ...
A: Scheduling techniques in a project help to proportionate the time set for the project and all its re...
Q: Design a numerical example in order to demonstrate to the Productions and Operations Manager how bre...
A: Break-even analysis is a method that is used by most manufacturing businesses. This method helps in ...
Q: What are the advantages and disadvantages of varying the size of the workforce to meet demand req ui...
A: Fluctuating the size of the labor force to fulfill the need prerequisites of every period is a metho...
Q: What is the formula for optimal setup time?a) V2DQ/ [H(I - d/ p)]b) V(jll-1(1 - d/ p)/ (2D)c) QH(l -...
A: Setup time
Q: Everbright, a light bulb firm, faces both uncertain demand and supply, which can be modeled by norma...
A:
Q: What is the reliability of the following parallel productionprocess? R 1 = 0.95, R2 = 0.90, R3 = 0.9...
A: The given system is in parallel as shown below.
Q: Rock View Restaurant is a new fast food restaurant chain. The Operations Manager has divided its nor...
A: A line balancing heuristic will helps to identify the allocation of activities to workstations based...
Q: Consider the following work breakdown structure: Time Estimates (days) Most Likely Activity Precedes...
A: project completion can be defined as a time between the date financial assistance is awarded and the...
Q: Ferdows Electronics, Inc. (FEI), produces short runsof custom microwave radios for railroads and oth...
A: Given data is Daily demand = 1500 radios Lead time = 1 day Safety stock = 1/2 day Kanban size = 250 ...
Q: Define chase strategy.
A: Inventory is the raw material, work-in-process material and finished products that are used for manu...
Q: Why is it important to view a batch-process operation as a network of interconnected queues?
A: Simply put, batch processing is the process of completing a set of tasks all at once. It's considere...
Q: How important is standardization?
A: The process of setting rules to regulate the development of a product or service based on the consen...
Q: Use the process flow diagram below for an assembly line. Station C Station A Station B Station D Hou...
A: A process flow diagram helps to identify the flow of a process through developing the activities and...
Q: Which of the following is an example of disruptive technologies supporting Logistics? 1. Radio-fre...
A: In the question, we could see various disruptive technologies, these technologies are the use of rad...
Q: Discount-Mart (see Problem 16.8), as part of its newLean program, has signed a long-term contract wi...
A: Given Details Coming up next are particulars about the organization DM: Yearly interest is 2,000 li...
Q: What does one need to do to ensure that the project implementation is on track?
A: Project implementation can be defined as the process where the project is put into action so as to p...
Q: CANON produces printers for sale in northern Europe in its Taiwan factory. Printers sold in differen...
A: Given, Country Mean Weekly Demand Standard Deviation Germany 3,000 2,000 Norway ...
Q: Based on the given information, the best location for Northeastern Insurance Company to open the off...
A: Total weighted score = Sum of (Weight x Factor rating)
Q: Florist Gump manufactures flower pots. Each pot sells for $40. The variable costs associated with ea...
A: Breakeven point(BEP) is the unit of item or total value of revenue which covers the total cost of th...
Q: How does revenue management impact an aggregate plan?
A: Revenue management can be stated as the management that predicts or forecasts the demand of the clie...
Q: BIG company can advertize on three different websites-Yahoo, MSN, and Facebook. Cost and exposure of...
A: To get the best plan at minimum cost, formulate a spreadsheet as shown below:
Q: Burroughs Garment Company manufactures men’s shirts and women’s blouses for Walmark Discount Stores....
A: Let us assume that unit price for shirts as x1 and for blouses as x2. The objective is to minimize t...
Q: A large department store operates 7 days a week. The manager estimates that the minimum number of ...
A: A Small Introduction about Sales Management Deals the board is the method involved with getting s...
Q: Rock View Restaurant is a new fast-food restaurant chain. The Operations Manager has divided its nor...
A: A network diagram refers to the graphical representation which is made of series of connected arrows...
Q: Rock View Restaurant is a new fast-food restaurant chain. The Operations Manager has divided its nor...
A: Cycle time denotes the time taken by a specific resource in a period of time. Given, Drive through c...
Q: The HP dvd1040i 20X Multiformat DVD Writer has an MTBF of 70,000 hours. (a) Assuming continuous oper...
A:
Q: Smith Inc. is a retail mail order firm that currently uses a centralized collection system that requ...
A: The detailed solution is given in Step 2.
Q: Explain how basic indicator approach help operational risk
A: The Basel rules were developed by the Bank of International Settlements (BIS) to standardize operati...
Q: Forecasting with exponential smoothing has been compared to driving a car while gazing in the rearvi...
A: To be determined: Forecasting with exponential smoothing has been compared to driving a car while ga...
Q: Rock View Restaurant is a new fast food restaurant chain. The Operations Manager has divided its nor...
A: A network diagram will helps to identify the activity relationship in a visualized manner with the u...
Q: What is the relationship between the aggregate plan and the master production schedule?
A: Production is the process of developing finished products and services using raw materials and resou...
Q: Justify why cost leadership Strategy is the best marketing strategy to increase sales and regain mar...
A: Cost leadership is a business strategy in which corporations lower product costs in order to acquire...
Q: Use the simplex method to maximize the given function. Assume all variables are nonnegative. Maximi...
A: Given LP-Max f= 7x+14y +4zSubject to-3x+5y+4z≤303x+2y≤ 4x+2y≤ 8x,y,z≥0
Q: Obtain the trend projection with regression forecast for weeks 10 - 13. (Enter your responses rounde...
A: To compare the fits of various forecasting and smoothing approaches, we must employ the MAPE, MAD, a...
Q: The Chattanooga Furniture store gets an average of 50 customers per shift. Marilyn Helms, the manage...
A: Given data:Arrival rate = 50 customer/ shift Cost of waiting = $1 minute/customer Cost of sales pe...
EFG Company provided you that during the year there will be 50 deliveries of material H. The carrying cost per unit is P2.00 and the total ordering costs and carrying costs is P10,000. What is the annual volume requirement of material H?
Step by step
Solved in 2 steps
- Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of face masks. Irrespective of the plan to be followed, demand for the item is expected to be 1,000 units annually. Under Plan A, Barangay Punta Princesa through their purchasing officer is using a digital platform for ordering: order costs would be Php 40 per order. Inventory holding costs (carrying costs) would be Php 100 per unit per annum. Under Plan B order costs would be Php 30 per order. And holding costs would 20% and unit cost is Php 480. Find out EOQ and Total Inventory cost, then come up with your decision which plan would result in the lowest total inventory cost?Barangay Punta Princesa is trying to decide between two alternative order plans for its inventory of face masks. Irrespective of the plan to be followed, demand for the item is expected to be 1,000 units annually. Under Plan A, Barangay Punta Princesa through their purchasing officer is using a digital platform for ordering: order costs would be Php 40 per order. Inventory holding costs (carrying costs) would be Php 100 per unit per annum. Under Plan B order costs would be Php 30 per order. And holding costs would 20% and unit cost is Php 480. Find out EOQ and Total Inventory cost, then come up with your decision which plan would result in the lowest total inventory cost? can you answer this asap?Describe that reorder point & lead time interrelated in inventory analysis in what way ?
- NCY Corp has an annual usage ( of 5,000 units. The ordering cost is RM 200 per order while the carrying cost is RM 2 per unit. The company holds 17 units as safety stocks . It takes 7 days for the shipment to arrive. You are required to calculate EOQ, ROP, TOC and TCC of the company. ( Assume the working days is 360 days).Ahmet Uslu experiences an annual demand of 220 000 MU for pro quality tennisballs at the İzmir Tennis Supply Company. It cost Ahmet 30 MU to place an order andhis carrying cost is 18%. How many orders per year should Ahmet place for the balls? Please mention formulas and do it in detail so I can understand.Describe how in inventory analysis, the reorder point and lead time are related ?
- Compare and contrast the fixed quantity and fixed interval versions of EOQ. In what contexts will each be appropriate?***12.43 Authentic Thai rattan chairs (shown in the photo) are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs. Carrying cost is $30 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand probabilities during the lead time, how much safety stock should be carried? Barry Render Kathmandu DEMAND DURING LEAD TIME PROBABILITY 0 0.2 100 200 300 400 0.2 0.2 0.2 0.213. Combate uses 100,000 units of Material X Annually I its production. Ordering cost consists of P1,000 for placing a long distance call o make the order and P4,000 for delivering the order to the company warehouse. Each material cost P10,000 and the carrying costs are estimated at 15.625% of the inventory cost. Whats is the total ordering cost?
- Problem: 4 ABC Ltd uses EOQ to determine the order quantity for its various components and is planning its orders. The Annual Consumption is 80,000 units. Cost to place one order is RO 1200. Cost per unit is RO 50 and carrying cost is 6% of unit cost. Find A) EOQ B) Number of orders per year C) Ordering cost D) Carrying cost and E) The total cost of inventory1. What is the economic order quantity for BBE in units? In pounds? 4.What is the total cost for using air carrier transportation?Describe how are reorder point & lead time interrelated in inventory analysis?