After a merger, Old Framkranz found himself the only inventory clerk left at Allied Breakwater Company (ABC). The merger had left ABC with only 10 parts in inventory, and he'd been told to manage them as effectively as possible. Each part was to be reviewed once a week. (ABC worked a very exhausting five-day week.) Framkranz knew inventory carrying cost was 20 percent per dollar of cost per year. He also knew, to really manage a part's inventory well, he would have to spend a full day on the review, but he could do a reasonably good job in half a day. Even the most cursory review would require one-quarter day per part, however. Files for the 10 parts contain the following information. How should Framkranz schedule the review of the parts?

After a merger, Old Framkranz found himself the only inventory clerk left at Allied Breakwater Company (ABC). The merger had left ABC with only 10 parts in inventory, and he'd been told to manage them as effectively as possible. Each part was to be reviewed once a week. (ABC worked a very exhausting five-day week.) Framkranz knew inventory carrying cost was 20 percent per dollar of cost per year. He also knew, to really manage a part's inventory well, he would have to spend a full day on the review, but he could do a reasonably good job in half a day. Even the most cursory review would require one-quarter day per part, however. Files for the 10 parts contain the following information. How should Framkranz schedule the review of the parts?

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...

See similar textbooks

Similar questions

Indicate whether the item below is used as key performance indicators for the areas of (A) Financial, (B) Customer, (C) Internal Process, or (D) Learning and Growth performance. Choose the one best choice. Average time from when clients enter and leave the bank (A) Financial(B) Customer(C) Internal Process(D) Learning and Growth performance.
27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A dog
Please do not give solution in image format thanku Pick three important roles you play in your life (for example, student, parent, intern, the role you play at your job, etc.). What are your top priorities for each role regarding the impact you want to make? Identify which quadrant in the Time Management Matrix they fit into.
Company C
Please solve it down Thanks in advance
What are the three financial measurements necessary to adequately measure a firm’s performance? net profit, return on investment, cash flow net profit, net assets, return on investment return on investment, net assets, cash flow gross income, net profit, cash flow gross income, net profit, return on investment
Not use Ai and chatgpt please.
Don't provide AI solution
Can you provide these formulas in Excel?
I need answer typing clear urjent no chatgpt used i will give upvotes
Unemployment insurance automatically stimulates the economy during an economic contraction, which is good from the workers’ point of view. From the firm’s point of view, however, the UI system can be overbearing on business during prolonged contractions.a. What is it about the UI system that generates these opposing views?b. How could the UI system be changed to also assist firms during economic contractions while not removing the benefits available to laid-off workers?
Please do not give solution in image format thanku