A local retailer anticipates an annual demand that product, and these shortages are backordered at a rate of 2 OMR per unit backordered. The co ordering is 200 OMR, whereas, the annual holding cost is 1 OMR per unit. The retailer operates 30C per year. What is the optimal time between two consecutive order in weeks, assume 52 weeks in a y Round-up to the nearest integer a. 11 b. О O c. 13 d. None is correct O e. 10 Of. 12

A local retailer anticipates an annual demand that product, and these shortages are backordered at a rate of 2 OMR per unit backordered. The co ordering is 200 OMR, whereas, the annual holding cost is 1 OMR per unit. The retailer operates 30C per year. What is the optimal time between two consecutive order in weeks, assume 52 weeks in a y Round-up to the nearest integer a. 11 b. О O c. 13 d. None is correct O e. 10 Of. 12

Name: A local retailer anticipates an annual demand 12000 units of a produc
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Description: A local retailer anticipates an annual demand 12000 units of a product. The retailer allows shortages forthat product, and these shortages are backordered at a rate of 2 OMR per unit backordered. The cost ofordering is 200 OMR, whereas, the annual h

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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Cheryl Druehl has asked you to help her determinethe best ordering policy for a new product. The demand for thenew product has been forecasted to be about I ,000 units annually.To help you get a handle on the carrying and ordering costs,Cheryl has given you the list of last year's costs. She thought thatthese costs might be appropriate for the new product. She also told you that these data were compiled for 10,000 inventoryitems that were carried or held during the year. You havealso determined that 200 orders were placed last year. Your job as a new opera tions management graduate is to help Cheryl determinethe economic order quantity for the new product.
44 Which of these statements about the production order quantity model is FALSE? Select one: a. The production order quantity model is appropriate when the assumptions of the basic EOQ model are met, except that receipt is noninstantaneous. b. Because receipt is noninstantaneous, some units are used immediately and not stored in inventory. c. All else equal, the smaller the ratio of demand rate to production rate, the larger is the production order quantity. d. Average inventory is less than one-half of the production order quantity. e. None of the above is false.
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Please do not give solution in image formate thanku. Race One Motors is an Indonesian car manufacturer. At its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 300 per day, and it uses these subcomponents at a rate of 12,500 per year (of 250 working days). Holding costs are $22 per item per year, and ordering costs are $32 per order. a) What is the economic production quantity b) how many production runs will be made each year c) what is the max inventory level d) what percentage of time will the facility be producing components e) what is the annual cost of ordering and holding inventory
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AaBbCc AaBbCc AaBbCc No Spacing Normal Reuse Heading 1 Replace Files Paragraph Styles Editing Reuse Files Item SKU A3378 has a demand that is normally distributed during the lead time, with a mean of 360 units and standard deviation of 12. If Hinsdale cannot have stockouts in more than 10% of the time in any order, how much safety stock should be maintained and at what reorder point? 1. SKU F5402: daily demand is normally distributed with a mean of 16, standard deviation of 4, lead time is 4 days, and must operate at a 95% service level. 2. SKU B7319: daily demand is constant at 24 units per day, lead time is normally with a mean of 6 days and standard deviation of 2 days, and must operate at a 95% service level. 3. SKU F9004: daily demand is normally distributed with a mean of 21 units and a standard deviation of 3 days. The lead time is also normally distributed with a mean of 4 days, standard deviation of 2 days, and a service level of 90% is required. dictions: On acer %24 4. % &…
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