2. A manager then obtained 10 lists of items with their following unit cost and gets thepeso value in annual basis. By doing the A-B approach you will need to multiply theannual demand for t particular items to its unit costs as follows:Item NumberAnnual DemandUnit CostAnnual PesoValue13,50036022,0007035,40050042,50010051,2007062,0001,00071,20021082,0004,000910,00010101,500200Item Number Annual Peso Classification % of itemValue2/3% of annualPeso Value

Find the Given details below: Given details: Item Number Annual Demand Unit Cost 1 3500 360…

Answered: 2. A manager then obtained 10 lists of…

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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JA manufacturing company produces finished products as well as re- placement parts. One particular product has the following bill of materials: 2. (4) D (30) (25) (20) The manufacturer independent demand requirements for both the parent item as well as the subassemblies for the next 8 weeks: Independent Period Demand 2 4 6. Assembly A Assembly B 25 25 25 15 15 15 70 100 70 100 25 25 25 25 25 Assembly C 15 15 15 15 15 Assemblies D and E are purchased from a supplier so they are not manufac- tured by the company, and therefore have no independent demand. CR
Q1) Cannon sells 22mm lens for digital cameras. The manager considers using a continuous review policy to manage the inventory of this product and he is planning for the reorder point and the order quantity in 2021 taking the inventory cost into account. The annual demand for 2021 is forecasted as 400+10*6 and expected to be fairly stable during the year. Other relevant data is as follows: The standard deviation of the weekly demand is 10. Targeted cycle service level is 90% (no-stock out probability) Lead time is 4 weeks Each 22mm lens costs $2000 Annual holding cost is 25% of item cost, i.e. H=$ 500. Ordering cost is $1000 per order Using your student number calculate the annual demand. (e.g., for student numberBBAW190102, the last digit is 2 and the annual demand is 400+10*6=420) Using the annual demand forecast, calculate the weekly demand forecast for 2021 (Assume 52 weeks in a year)? What is the economic order quantity, E0Q? What is the reorder point and safety stock? 5-…
A. Determine the order quantity. B. Determine the reorder point.
Chris Sandvig Irrigation, Inc., has summarized theprice list from four potential suppliers of an underground controlvalve. See the accompanying table on the next page. Annual usageis 2,400 valves; order cost is $10 per order; and annual inventory holding costs are $3 .33 per unit.Which vendor should be selected and what order quantity isbest if Sandvig Irrigation wants to minimize total cost?
2. (Quantity Discount) County Hospital orders syringes from a hospital supply firm. The hospital expects to use 40,000 per year. The cost to order and have the syringes delivered is $800. The annual carrying cost is $1.90 per syringe because of security and theft. The hospital supply firm offers the following quantity discount pricing schedule. Qty 0-9,999 10,000-19,999 20,000-29,999 30,000-39,999 40,000-49,999 50,000+ Price $ 3.40 $ 3.20 $ 3.00 $ 2.80 $ 2.60 $ 2.40 What is best order quantity for syringes that minimize total cost?
Define each of the following terms: c. Economic Ordering Quantity (EOQ); EOQ model; EOQ range
10.4 A company wishes to establish an EOQ for an item for which the annual demand is $800,000, the ordering cost is $32, and the cost of carrying inventory is 20%. Calculate the following: a. The EOQ in dollars. b. Number of orders per year. c. Cost of ordering, cost of carrying inventory, and total cost. d. Compare your answers to those in problem 10.3.
Given the following information for a purchased component, what is the total annual cost for the item? Annual demand = 500,000 Purchase price = $10 per unit Order quantity 100,000 • Order cost = $5 per order • Annual holding cost per unit = = $2 . $2.510,100 O $510,025 $510,250 O $5,100,250 O $5,100,025
1. Michael Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity for controlling inventory. He wants you to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 30 units/period with an ordering cost of $30/order. The cost of carrying a Super-Z Wedge in inventory is $2.00/unit/ period. No safety stock is carried for this item. a. Calculate the economic order quantity. b. Calculate the average cycle stock for this item using the order quantity in question a. c. Assuming there are 12 periods per year, calculate total cost per year.
Please do not give solution in image format thanku What are order cycle costs if annual demand is 8,000 units, with the following order quantities and annual order cost is $97? a. Order quantity of 1,000 = b. Order quantity of 500 = C. Order qty of 8,000 =
5. A product whose EOQ is 120 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is: Select one: a. 900 b. 40 c. 360 d. 30 e. 10
Genchev Industries conducts an ABC analysis of its inventory and develops the following table from its findings. Item Annual Usage Unit Cost Dollar Usage 1 9,960 $43.20 $430,272 2 3,362 $22.80 $76,654 3 8,332 $9.90 $82,487 4 3,074 $22.30 $68,550 5 2,968 $8.40 $24,931 6 4,195 $25.00 $104,875 7 4,536 $19.20 $87,091 8 9,538 $65.60 $625,693 9 3,484 $3.20 $11,149 10 10,232 $5.70 $58,322 Which of these items is a C item? a. Item 8 b. Item 6 c. Item 5 d. Item 1

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