Wear A Mask (WAM) uses a continuous review system and operates 52 weeks peryear with the following characteristics:Demand (d) = 52,505 units/weekOrdering cost (S) = $55.00/orderHolding cost (H) = $2.50/unit/year■ Lead time (L) = 3 week(s)Cycle-service level = 90%, z = 1.28▪ Demand is normally distributed, with a standard deviation of weekly demand of103 units.■▪ Current on-hand inventory is 1,040 units, with no scheduled receipts and nobackorders.What is the optimal order quantity? (Enter your response rounded to nearest wholenumber.)

Optimal order quantity is Economic order quantity. It is determined by following way: Optimal order…

Answered: ▪ Ordering cost (S) = $55.00/order ▪…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A major automobile manufacturer located in Georgetown, Kentucky, has two certified vendors that produce brake pads with the information shown below. New Albany Manufacturing is located in Columbus, Ohio, and LaPlaya Manufacturing is located in Monterrey, Mexico. The automobile assembly factory is assumed to operate 250 days per year. CertifiedSupplier OrderSize (Q) Price per Unit (P) OversightCostper Unit (O) TransportCost perUnit (Ct) Order Cost(Co) Cost to StoreOne UnitOne Year (Ch) Order LeadTime inDays (L) New Albany Mfg. 59,000 $11.74 $0.00 $0.37 $255 $1.70 51 LaPlaya Mfg. 118,000 $11.08 $0.42 $0.87 $290 $1.35 99 Use the Total Supply Chain Cost Excel template to compute the supply chain costs associated with each supplier if the annual demand is 1,180,000 brake pads. Do not round intermediate calculations. Round your answer to the nearest dollar. Order quantity: 59,000 units 118,000 units Total procurement cost: $ $ Total management oversight…
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The motel replaces broken glasses at a rateof 25 per day. In the past, this quantity has tended to vary normally and have a standard deviationof three glasses per day. Glasses are ordered from a Cleveland supplier. Lead time is normally distributed with an average of 10 days and a standard deviation of 2 days. What ROP should be used toachieve a service level of 95 percent?
True Blue says that annual margin for each of its loyalty program members averages $366.60. These customers order an average of 3.3 times per year, and contribution margin as percent of revenue averages 25% for these customers. Given these numbers, calculate average order size in retail dollars for True Blue's loyalty program members. Rounding: penny. Your Answer: Answer
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