Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. Under the current order quantity of 5,000 boxes and current reorder point of 4,200 boxes, what would be the order-up-to level S that the retailer should use as a baseline to calculate how much inventory to order when conducting a periodic review? Numeric Response 1500
Q: What is the bottleneck time per batch of this operation? Fo?
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: Define the supply chains for the following products from the first source of raw materials to the…
A: Production is the process of transforming the raw materials into the finished products and services…
Q: 4. Organic Grains LLC uses statistical process control to ensure that its health-conscious,…
A: Given data:
Q: there are numerous methods of gathering evidence of a students or candidates performance ,…
A: Performance is the act of establishing an output/outcome by utilizing the power of all available and…
Q: QUESTION 1 The table below shows the sales figures for a brand of shoe over the last 12 months.…
A: *As per guidelines of multiple questions, the first one is answerable, repost the remaining…
Q: Explanation of how the capacity analysis reacts to several processes running in simultaneously.
A: Capacity analysis is the difference between actual output and possible output in any process. The…
Q: Do you believe that a process improvement project needs or should prioritize workplace organization?…
A: Process improvement refers to the practice of analyzing the existing process and improving the…
Q: Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field…
A: Economic order quantity is the ideal quality that company orders to meet the customers' demand…
Q: Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a…
A: Find the Calculations methods below: Total Weighted Score = ∑ (Weights * Site Scores) Given details:…
Q: Q-1)Find the optimal solution for the Lpp below by using the graphical method ? Max z=X1+X2 S.TO…
A: Find the Calculations below: Graph: Based on the above graph we conclude that the feasible region…
Q: • Draw the Network diagram. • Calculate expected time and variance for each activity. Find the…
A: The critical path is a project management technique that identifies the sequence of tasks that must…
Q: The marketing department of a soft drink company wishes to determine the maximum expected payoff…
A: Extremely optimistic decision making means maximax criteria. Maximax criteria = maximum payoff of…
Q: 11. Through its online accessory store, Gateway sells its own products, as well as products made by…
A: EOQ is a statistical and mathematical concept used in production and operations management. It…
Q: Based on the above data: What is the Economic Order Quantity (EOQ) for this product? How many orders…
A: Inventory management is a process that involves the planning and control of the stock of products.…
Q: The table below shows the sales figures for a brand of shoe over the last 12 months. Months January…
A: Forecasting method is the method that determines the future values according to the previous years'…
Q: Answer these questions: a. Construct a c-chart to monitor this process. b. Plot the c-chart graph.…
A: A C-chart is a type of control chart that is used for monitoring the process of production. The…
Q: You are shipping 3000 boxes to Malta. Each box is 35x32x18 inches, Each box weighs 88 kg How many…
A: Given: Dimensions of 20' container = 232*90*90 Dimensions of box = 35*32*18
Q: Applications of Linear Programming Problem 1: Blending Problem Muscat Foods produce two types of…
A: Decision variables: Suppose-B= The amount of Blacken honey to be producedG = The amount of Golden…
Q: K The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she…
A: Optimal order quantity is a economic order quantity. it is the square root of (2*Annual demand *…
Q: Produce a detailed Maslow's motivational strategy for an organization that addresses intrinsic and…
A: The Maslow Hierarchy of Needs is related to a person's motivation. According to this idea, a person…
Q: The error measurement that gives weight based on the relative error is: Bias Residual O MSE O MAD…
A: Forecasting errors are the difference between the actual and forecasted values. Forecasts are…
Q: A sound company compresses and palletizes boxes of merchandise for recycling. In the warehouses They…
A: Given data: Storage cost per day H = $0.10 No. of pallets generated daily = 5 pallets a day Fixed…
Q: Explain any two process technologies for materials. b. Discuss any three factors that will help to…
A: Material processing is a term used for a defined set of processes or operations that help in the…
Q: Using a p-chart, what are the upper and lower control limits?
A: Given: Mean = 99.73% Sigma level corresponding to 99.73%, under normal distribution = 3 n= 100
Q: 1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open a plant in…
A: Find the total cost equations below: Location x = Fixed cost (x) + (Variable cost (x) * Units (x))…
Q: Determine whether the following is a feasible sales and operations plan. Assume that the company has…
A: Given, Available labor hours = 56000 hours
Q: You are an experienced machinist with a small tool shop. You have been asked to submit a bid to…
A: The learning curve is a visual representation of units of production and the cumulative time taken…
Q: A process is designed to produce 2,050 units per hour. The process has a scrap rate of 0.9% and a…
A: Given data : Scrap rate=0.9 %= 0.009Inefficiencies=14%= 0.14The actual output of the process=1550…
Q: need help with the critical path method. I want to do the critical path, slack times, and all…
A: The critical path is a term used in project management to describe the sequence of tasks that must…
Q: is it possible to show the formula in a excel spreadsheet, so i can have a better understanding.
A: Formulae used: Adjusted exponential smoothing method:- Ft=FITt-1+ α (At-1 – FITt-1) Tt= Tt-1+ β(Ft–…
Q: How has Foxconn strategically responded to its threats, opportunities, strengths, and weaknesses?
A: Strengths, Weaknesses, Opportunities, and perhaps Threats are referred to as SWOT. Your company's…
Q: QUESTION #4 Four delivery trucks are in a queue at a Tool Company with only one service bay. The…
A: Given data is
Q: According to the EOQ and increase in interest rates would tend to....? A: increase the number of…
A: Here, I want to increase the Interest rate, The yearly carrying cost for each unit is =The cost…
Q: Which of the measure(s) of central location can be used for both numerical and categorical…
A: The value that appears the most frequently in a data collection when it is unique is known as the…
Q: 5. Consider the transportation problem having the following parameter table: Destination 1…
A: Problem Table is D1 D2 D3 Supply S1 3 2.7 0 5 S2 2.9 2.8 0 4 Demand 3 4 2…
Q: why do we need to determine the demographic profile of the customers of a resort business when…
A: "Since you have asked multiple questions, we will answer the first question for you. If you want any…
Q: Calculate the Mean Squared Error for the following data: Actual 90 87 96 102 Forecast 89.3 89.2 93.3…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: A) What do you think are the key dimensions of culture that make Patagonia successful? How does the…
A: (A) Key dimensions: A balance between lighthearted and serious pursuits. Having direct, practical…
Q: The university is scheduling cleaning crews for its ten buildings. Each crew has a different cost…
A: Given data is Objective function: Min Z=270x1+290x2+250x3+270x4+230x5+180x6+180x7+280x8 Subject to…
Q: ...4.19 Income at the architectural firm Spraggins and Yunes for the period February to July was as…
A: Formulae used: The trend-adjusted exponential forecasting is given by AFt = Ft + Tt Where, Ft =…
Q: Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply…
A: There is no other way to do this problem except using Solver in Excel. The arrangement of the…
Q: Ch. 5. Refer to the following hypothetical transitional matrix of the general HR department in a…
A: The transition matrix is one tool to determine the employee supply in the organization. It shows the…
Q: Truck 1 2 3 4 5 A46756 354325 B 5 Route с 9 8 10 5 3 A63454 Ꭰ 8 E75689 10
A: Given data:
Q: ● on billboards and newspapers together must not exceed the amount spent on TV ads. While fund-…
A: Note: - As question 8-7 is only complete we will answer question 8-7 here. Given data is Exposure…
Q: The university administration would like to add some additional parking locations. To make everyone…
A: Given data is Objective function: Min Z=365x1+410x2+405x3+410x4+355x5+445x6 Subject to constraints:…
Q: Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a…
A: Find the Calculation methods below: Total Weighted Score = ∑ (Weight * Site Scores) Part-a…
Q: Explain any two process technologies for materials. b. Discuss any three factors that will help to…
A: Material processing is a term used for a defined set of processes or operations that help in the…
Q: Pizza Hut, with more than 25,000 outlets in the U.S., is planning a new restaurant in Lubbock,…
A: Given data:
Q: a. Using the following, forecast the sales for the months up to january the following year:- i. A…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: VAST is assembling powerful crate engines for aftermarket sale. The number of direct labor hours…
A: Tn = T1 x nb b = ln (learning percentage) / ln(2) where ln stands for natural logarithm…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 97,200 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. What is the economic ordering quantity? How many orders will be placed during the year? What will the average inventory be? What is the total cost of ordering and carrying inventory?During the last 5 weeks, demands for a certain SKU at a retailer were 7 units (5 weeks ago), 4 units, 4 units, 4 units, and 5 units (last week). The retailer uses a period review model with order-up-to level 71 units, a review period of 2 weeks, and the lead time is 11 weeks. It is time to order. How much should the retailer order?Fisk Corporation is trying to improve its inventory control system and has installed an online system at its retail stores. Fisk anticipates sales of 58,800 units per year, an ordering cost of $4 per order, and carrying costs of $1.50 per unit. In the second year, Fisk Corporation finds that it can reduce ordering costs to $1 per order, but carrying costs will stay the same at $1.50 per unit. a-1. What is the economic ordering quantity for the second year? Economic ordering quantity (EOQ) a-2. How many orders will be placed during the second year? Number of orders a-3. What will the average inventory be for the second year? Average inventory Total costs units units a-4. What is the total cost of ordering and carrying inventory for second year? LA
- Alina Limited is a manufacturer of widgets orders components for use in manufacturing. The estimated demand for the components during the coming year is 15,000. Order costs are $100 per order; carrying costs are $12 per component. Using the economic order quantity model What is Alina Ltd’s optimum order quantity? If the supplier guarantees a three (3) day delivery on any order that is placed, What is the re-order point?You are in charge of inventory control of a highly successful product retailed by your firm. Weekly demand for this item varies, with an average of 200 units and a standard deviation of 16 units. It is purchased from a wholesaler at a cost of $12.50 per unit. You are using a continuous review system to control this inventory. The supply lead time is 4 weeks. Placingan order costs $50, and the inventory carrying rate per year is 20 percent of the item’s cost. Your firm operates 5 days per week, 50 weeks per year.a. What is the optimal ordering quantity for this item?b. How many units of the item should be maintained as safety stock for 99 percent protection against stockouts during an order cycle?c. If supply lead time can be reduced to 2 weeks, what is the percent reduction in the number of units maintained as safety stock for the same 99 percent stockout protection?d. If through appropriate sales promotions, the demand variability is reduced so that the standard deviation of weekly…It is your responsibility, as the new head of the automotive section of Nichols Department Store, to ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelin tires, XW size 185 × 14 BSW. A perpetual inventory system has been used, so you examine this as well as other records and come up with the following data: Cost per tire $35 each Holding cost 20 percent of tire cost per year Demand 1,000 per year Ordering cost $20 per order Standard deviation of daily demand 3 tires Delivery lead time 4 days Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 98 percent. Assume the demand occurs 365 days per year. Determine the order quantity. Note: Round your answer to the nearest whole number. Determine the reorder point. Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places and final answer to the…
- The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?H & K Electronic Warehouse sells a 12-pack of AAA batteries, and this is a very popular item. Demand for this is normally distributed, with an average of 50 packs per day and a standard deviation of 16. The average delivery time is 5 days, with a standard deviation of 2 days. Delivery time has been found to be normally distributed. A 96% service level is desired. What is the standard deviation of demand during the lead time? How much safety stock should be carried, and what should be the reorder pointDaily demand for product sample kits is normally distributed with a mean of 35 units and a standard deviation of 4. Supply is virtually certain with a lead time of 9 days. The cost of placing an order is $20, and annual carrying costs for one kit is 25 percent. The price of one kit is $12.50. Assume a year has 365 days.If a 99% service level is desired, what is average inventory on hand? If demand had no variation, what would the reorder point be?
- The Aladdin Carpet Store has a customer demand that is normally distributed with an average daily demand of 30 meters and a standard deviation of 5 meters per day. The lead time for receiving a new order of carpet is 10 days. The store wants a service level of 95%, representing a probability of stockout equal to 5%. 1. What size of safety stock should the company keep ? 2. What is the reorder point?Annually a company requires 45 units of one of its components that it distributes throughout the country and its inventory maintenance cost is 10% of the cost of the product. The cost of the product is 2000 per unit. The cost to order is $ 125,000. Based on the above data, determine: 1. The economic quantity of the order2. If 10 days have elapsed since placing the order. What is the reorder point if the safety inventory is 1500 units?3. Quantity of the order to be made?4. What is the total cost of inventory management?A company is targeting a cycle service level of 25%. What should their reorder point be if they have an average weekly demand of 100, a weekly demand standard deviation of 20, and a lead time of 5 weeks?