1) Around the Clock Production of Fire Nozzles View the videos Around the Clock Production of Fire Nozzles 1 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=132KoZwS0yMEgsToDUsZjJe (9.44 minutes, Ctrl+Click on the link) and Around the Clock Production of Fire Nozzles 2 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=44JM0cKtFLqHP5bad6KOHAm (7.43 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 12 and/or 13) after watching these videos. Note: As a rough guideline, please try to keep the written submission to one or two paragraphs. 2) Cyberdyne Systems stocks and sells Cyberdyne glucose meters. The firm gathered the following information from its South Pasadena office: Demand = 19,500 units per year Ordering cost = $25 per order Holding cost = $4 per unit per year The firm’s operations manager wants to calculate the: a) EOQ for the glucose meters. b) Annual holding costs for the glucose meters. c) Annual ordering costs for the glucose meters. d) Total inventory cost for the glucose meters. Note: In chapter 12, section 12.5 of the Stevenson text, the EOQ model is covered with examples (example 2, and example 3); chapter 12 Stevenson lecture power point slides 20 to 34 cover the EOQ model with an example; see lecture video, 14.37 mins to 23.40 mins. 3) Tyrell Corporation manufactures blood pressure monitors. The firm operates its production facility in Cordoba for 250 days per year. It has orders for about 12,500 blood pressure monitors per year and has the capability of producing 300 per day. Setting up the blood pressure monitors production costs $30. The cost of each blood pressure monitor is $1. The holding cost is $2 per blood pressure monitor per year. The firm’s operations manager wants to calculate the: a) EPQ for the blood pressure monitors. b) Annual holding costs for the blood pressure monitors. c) Annual ordering costs for the blood pressure monitors. d) Total inventory cost for the blood pressure monitors.
1) Around the Clock Production of Fire Nozzles
View the videos Around the Clock Production of Fire Nozzles 1 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=132KoZwS0yMEgsToDUsZjJe (9.44 minutes, Ctrl+Click on the link) and Around the Clock Production of Fire Nozzles 2 https://media.gaspar.mheducation.com/GASPARPlayer/play.html?id=44JM0cKtFLqHP5bad6KOHAm (7.43 minutes, Ctrl+Click on the link); what are your key takeaways (tie to one or more of the topics discussed in Chapters 12 and/or 13) after watching these videos.
Note: As a rough guideline, please try to keep the written submission to one or two paragraphs.
2) Cyberdyne Systems stocks and sells Cyberdyne glucose meters. The firm gathered the following information from its South Pasadena office:
Demand = 19,500 units per year
Ordering cost = $25 per order
Holding cost = $4 per unit per year
The firm’s operations manager wants to calculate the:
- a) EOQ for the glucose meters.
- b) Annual holding costs for the glucose meters.
- c) Annual ordering costs for the glucose meters.
- d) Total inventory cost for the glucose meters.
Note: In chapter 12, section 12.5 of the Stevenson text, the EOQ model is covered with examples (example 2, and example 3); chapter 12 Stevenson lecture power point slides 20 to 34 cover the EOQ model with an example; see lecture video, 14.37 mins to 23.40 mins.
3) Tyrell Corporation manufactures blood pressure monitors. The firm operates its production facility in Cordoba for 250 days per year. It has orders for about 12,500 blood pressure monitors per year and has the capability of producing 300 per day. Setting up the blood pressure monitors production costs $30. The cost of each blood pressure monitor is $1. The holding cost is $2 per blood pressure monitor per year.
The firm’s operations manager wants to calculate the:
- a) EPQ for the blood pressure monitors.
- b) Annual holding costs for the blood pressure monitors.
- c) Annual ordering costs for the blood pressure monitors.
- d) Total inventory cost for the blood pressure monitors.
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