A printing company anticipates using 40,000 reams of paper at a uniform rate over the next year. Each time they place an order for X units of reams of paper, it is charged a flat fee of $200. Carrying costs are $4 per unit per year. A. use the formula for Economic Order Quantity to find out how many reams of paper they should purchase in each order. B. how many orders should they place over the year?
Q: Develop a Ghantt Chart in excel based on the following information Start Date…
A: Find the given details below: Start Date End Date Duration(Days) 18-01-2022 01-05-2022 103…
Q: Transport LP model formulation The Alfa company produces a single item in three plants, P1, P2 and…
A: Given data is
Q: Although it is now barely profitable, Mr. Osei Nyame Bekyere is concerned about the changes in the…
A: given, Mr. Osei Nyame Bekyere has run other small businesses and he is known as a benevolent owner,…
Q: Given the following MRP matrix for Item D, Complete the MRP matrix below to identify the projected…
A:
Q: Case Problem LP: Special Products Jim Kelley is in charge of production planning at Special…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Consider the following LP problem. Minimire 2- 9.20x, + 5.90x2 Subject toi Constraint 1 Sx1 + 3x2…
A: a.
Q: Consider the following time series data. 2 3 4 5 6 Week 1 Value 19 12 14 10 16 13 (a) Construct a…
A: 3-period moving average forecast (Ft)= At-1+At-2+At-33 Exponential smoothing Forecast…
Q: Mondale High school purchases 700 math's sets per annum. The cost of each math set is R80. Each set…
A:
Q: Problem 1 The following network describes a transportation scenario in which there are four sources…
A: a) Min cost = 7AP + 8 AQ + 9 AR + 4BP + 6BQ + 7BR + 8 CP + 9 CQ + 9 CR + 12 DP + 9 DQ + 8 DR…
Q: Explain how Mitarai has integrated elements of American and Japanese culture in Canon
A: Fujio Mitarai is the president and CEO of Canon, a corporation that makes cameras and office…
Q: Discuss and illustrate the economic justification for establishing a warehouse.
A: A warehouse is much needed beacuse it supports the organisation to store its items in off seasons…
Q: Fujio Mitarai, Chairman and CEO of Canon has turned around Canon’s fortunes and multiplied its net…
A: Fujio Mitarai after becoming the CEO of Canon has reversed fortunes and increased or multiplied the…
Q: A factory manufactures two products A and B on three machines X, Y, and Z. Product A requires 10 min…
A: Assume X1 = A and X2 = B Given that, The profit contribution of products A and B are 23.00 per unit…
Q: Given a project with the following characteristics, answer the following questions: You are the…
A: Given- No. of birdhouses to built = 20 Earned value (EV) = 20×100= $2000 CPI = 0.9091 Actual cost…
Q: Draw a diagram that illustrates all phases of the business process life cycle and their key…
A:
Q: The management of the Executive Furniture Corporation decided to expand the production capacity at…
A: Transportation problem is a problem wherein the main objective is to minimise the cost of…
Q: How would a company as successful at foreign market entry as IKEA could have failed in Japan?
A: IKEA, a Swedish multinational corporation that develops and distributes ready-to-assemble furniture…
Q: 10. The backward pass is used to determine the Latest Start Time (LST) and Latest Finish Time (LFT)…
A: A forward and backward passing operations will helps the project management to identify the ES, EF,…
Q: Explain briefly the IT Governance Standards: ISO 9001, 27002
A: IT governance system can be stated as the system that describes the ways and techniques or methods…
Q: Compare and contrast operations analysis with the lean manufacturing approach and how do unnecessary…
A: Lean manufacturing can be stated as the manufacturing approach based on an outlook or ideology of…
Q: EFG reports annual sales of $ 30 million, annual cost of goods sold of $ 15 million, inventory of $…
A:
Q: What comprises a Project Management Plan? What is the link with the Project Feasibility Study? What…
A: The purpose of a project management plan is to determine the outcome of the project and to determine…
Q: Apple Corporation is planning to produce their new product called the next generation low cost…
A: Given, Fixed cost for investing the new product = $4500000 Variable cost = $0.75 per unit Selling…
Q: Discuss how the SAP ERP system evolved until it gave birth to the new SAP S/4HANA.
A: SAP ERP is an enterprise resource planning software . It was developed by the German company known…
Q: Considering the complexity and the risk inherent in supply chains , does it make sense for a company…
A: To be determined: Considering the complexity and the risk inherent in supply chains , does it make…
Q: a. What are the critical activities? If necessary, round your answers to two decimal places. If your…
A: Critical path and PERT analysis is a method to find the earliest possible completion time of the…
Q: Consuelo Chua, Inc. is a disk drive manufacturer in need of an aggregate plan for July through…
A: given,
Q: A manufacturer produces three models, I, II, and III, of a certain product using raw materials A and…
A: X1 = Units of model 1 X2 = Units of model 2 X3 = Units of model 3
Q: A company currently in the 3rd month of a 2 year project. The financial committee would like to have…
A: Current period = 3 month Total period = 24 months Estimated Planned Value = 37500 Rate of…
Q: A manager hires labor and rents capital equipment in a very competitive market. Currently the wage…
A: Wage rate = $7 / hour Capital = $11 / hour Marginal product of labor = 65 units Ratio of marginal…
Q: The Demand for the 50 Kg Maize meal bag at Shoprite is 4000 units per month, Shoprite incurs a fixed…
A:
Q: a. Draw the scatter diagram b. With a ruler, draw rend line on your scatter diagram c. Solve for the…
A: A Scatter diagram shows the relationship between two variables whether they are positively…
Q: 1. What's the cycle time for this production line? 2. What's the theoretical minimum number of…
A:
Q: Green Carpet Inc. produces and markets different products for lawn care. Two well known fertilizers…
A: Part (A): Decision Variables:Suppose-X1 be the per kg production of fertilizer U-SmileX2 be the…
Q: MGMT Mobile Company (MMC) offers mobile services to users on a monthly subscription basis. Special…
A: given, MGMT Mobile Company (MMC) offers mobile services to users on a monthly subscription basis.…
Q: There are three stores, every day Steve will buy something from one of the stores. If yesterday…
A: A Markov chain here with the stated being the store that is being visited. Based on each of the…
Q: n quality assurance, to monitor characteristics that can be measured we can use: A. control chart…
A: A control chart is tool which helps to identify the process controllability based on the data types…
Q: The following statement was included in a letter that went out to all employees of a certain…
A: Here the individual has simply stated his position and introduces her/him with all his staffs and…
Q: Question 1 Collection of methods for planning experiments, obtaining data, and then organizing,…
A: Data interpretation means analysing ,summarising ,organising and using the data in its best possible…
Q: According to Pettigrew, in order for genuine integration to occur within a school, all of the…
A: Integration is the idea bringing together different things to treat as one and work as a unit. It…
Q: Pizza Hut is going through some challenges and has asked you to identify the most suitable market…
A: Pizza Hut is one of the top fast food chains in the world. They have a large selection of pizzas as…
Q: How is the increase in transportation costs likely to affect global supply chain networks and their…
A: A supply chain network covers the movement of material/information that affects the supply chain.…
Q: Consider the following project activities: | Duration Activity Predecessor (DAY) 4 A A 3 A 5 D E C F…
A: Activity Predecessor Duration A - 4 B A 3 C A 3 D B 5 E C 2 F C 1 G D, E 6 H F, G 5
Q: hat is the future setup of supply chain management. explain thoroughly
A: Supply chain is distinct as a process which regulator the flow of the procedure from 1 end to…
Q: What are three options to consider when searching for win-win alternatives in negotiation? How does…
A: A win-win negotiation entails a thorough evaluation of both your own and your opponent's views in…
Q: What decision should be made by the optimist? What decision should be made by the conservative? What…
A: Solution 1:- Step 1:- Find the maximum value from each row. Step 2:- Find the maximum value from all…
Q: Comparing the grocery and the toys section at a retailer: Grocery should have higher days of…
A: Grocery refers to items which are used in house or used in making food and other eatables items in…
Q: Gives 5 ways on how you can contribute to sustainability?
A: Sustainability means reducing your depend on natural resources by ensuring that you replace what you…
Q: Please answer, i'll leave thumbs up!!! 07. D (15) (20) (10) (10) E (30) (15) The figure above shows…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 1. Find the dual problems of the following primal problems. Solve the primal problems. a) Min z =…
A: Linear programming is a technique to reach the best outcome which is represented by linear…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.A store has collected the following information on one of its products:Demand = 4,500 units/year Standard deviation of weekly demand = 12 units Ordering costs = $40/order Holding costs = $3/unit/year Cycle-service level = 90% (z for 90% = 1.28) Lead-time = 2 weeks Number of weeks per year = 52 weeks a. If a firm uses the continuous review system to control the inventory, what would be the order quantity and reorder point?David's Delicatessen flies in Hebrew National salamis regularly to satisfy a growing demand for the salamis in Silicon Valley. The owner, David Gold, estimates that the demand for the salamis is pretty steady at 175 per month. The salamis cost Gold $1.85 each. The fixed cost of calling his brother in New York and having the salamis flown in is $200. It takes three weeks to receive an order. Gold's accountant, Irving Wu, recommendsan annual cost of capital of 22 percent, a cost of shelf space of 3 percent of the value of the item, and a cost of 2 percent of the value for taxes and insurance. How many salamis should Gold have on hand when he phones his brother to send another shipment?
- David’s Delicatessen flies in Hebrew National salamis regularly to satisfy a growing demand for the salamis in Silicon Valley. The owner, David Gold, estimates that the demand for the salamis is pretty steady at 175 per month. The salamis cost Gold $1.85 each. The fixed cost of calling his brother in New York and having the salamis flown in is $200. It takes three weeks to receive an order. Gold’s accountant, Irving Wu, recommends an annual cost of capital of 22 percent, a cost of shelf space of 3 percent of the value of the item, and a cost of 2 percent of the value for taxes and insurance.a. How many salamis should Gold have flown in and how often should he order them?b. How many salamis should Gold have on hand when he phones his brother to send another shipment?c. Suppose that the salamis sell for $3 each. Are these salamis a profitable item for Gold? If so, what annual profit can he expect to realize from this item? (Assume that he operates the system optimally.)d. If the salamis…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?Kendi Company uses 800 units of a product per year on a continuous basis. The product has a Fixed Cost of $50 per order, and its carrying cost is $2 per unit per year. It takes 5 days to receive a shipment after an order is placed, and the firm wishes to hold 10 days’ usage in inventory as a safety stock. Show Computations and Explanations. A. Calculate the EOQ. B. Determine the Average Level of Inventory. (Note: Use a 365-day year to calculate daily usage.) (Format: 111.11) C. Determine the Reorder Point. (Format: 11.11)
- Fisk Corporation is trying to improve its inventory control system and has installed an online computer at its retail stores. Fisk anticipates sales of 112, 500 units per year, an ordering cost of $3 per order, and carrying costs of $1.20 per unit. a. What is the economic ordering quantity? b. How many orders will be placed during the year? c. What will the average inventory be? d. 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 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?
- 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? LACharlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every six weeks to take orders. Because the orders are shipped directly from Italy, they take five weeks to arrive.Charlie's Pizza uses an average of 200 pounds of pepperoni each week, with a standard deviation of 32 pounds. Charlie's prides itself on offering only the best-quality ingredients and a high level of service, so it wants to ensure a 95 percent probability of not stocking out on pepperoni.Assume that the sales representative just walked in the door and there are currently 420 pounds of pepperoni in the walk-in cooler. How many pounds of pepperoni would you order? (Use Excel's NORM.S.INV() function to find the z value. Do not round intermediate calculations. Round z value to 2 decimal places and final answer to the nearest whole number.)Southern Markets, Inc. is considering the use of ABCanalysis to focus on the most critical SKUs in its inventory.Currently, there are approximately 20,000 different SKUswith a total dollar usage of $10,000,000 per year.a. What would you expect to be the number of SKUs and thetotal annual dollar usage for A items, B items, and C itemsat Southern Markets, Inc.? b. The following table provides a random sample of the unitvalues and annual demands of eight SKUs. Categorizethese SKUs as A, B, and C items.