1.UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH counts its current inventory on hand once per day and phones in its order for delivery 24 hous later. Determine the number of hamburgers UAHH should order for the following conditions:a.Average daily demand – 600b.Standard deviation of daily demand – 100c.Demand service probability – 99%d.Hamburger inventory – 8002. A consulting firm is trying to determine how to minimize the annual costs associated with purchasing high-quality paper for its printers. Each time an order is placed, an ordering cost of $50 is incurred. The price per ream of printer depends on Q, the cost of a ream of a paper is $10. The annual holding cost is 20% of the dollar value of inventory. During each months, the consulting firm uses 80 reams of printer paper. Answer followinga. The average inventory levelb. Total annual inventory holding costc. The number of orders placed during the yeard. Annual ordering costse.the optimal order quantity and the number of order placed each year.
1.UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH counts its current inventory on hand once per day and phones in its order for delivery 24 hous later. Determine the number of hamburgers UAHH should order for the following conditions:a.Average daily demand – 600b.Standard deviation of daily demand – 100c.Demand service probability – 99%d.Hamburger inventory – 8002. A consulting firm is trying to determine how to minimize the annual costs associated with purchasing high-quality paper for its printers. Each time an order is placed, an ordering cost of $50 is incurred. The price per ream of printer depends on Q, the cost of a ream of a paper is $10. The annual holding cost is 20% of the dollar value of inventory. During each months, the consulting firm uses 80 reams of printer paper. Answer followinga. The average inventory levelb. Total annual inventory holding costc. The number of orders placed during the yeard. Annual ordering costse.the optimal order quantity and the number of order placed each year.
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