An electronic manufacturer in San Francisco receives its motherboards from a supplier in Hong Kong. The lead time for orders is 3weeks. One of their board costs $16 per unit and the holding cost for this board is $0.5 per week. They manage their inventory toachieve a 97 percent in-stock probability. Weekly demand is for 150 boards with a standard deviation of 200.Use the following table when needed:In-stock probability99%98%97%96%Z value2.332.051.881.75a. How many boards do they have on on order on average?boardsb.How many boards do they have on hand on average?boardsc. For this board what is the total holding cost incurred per week?per week(Round your answer to 2 decimal places.)d.What is the holding cost they incur per board?per board

Given Data Lead time (LT) = 3 weeks Cost = $16 per units Holding cost (H) = $0.5 per week…

Answered: An electronic manufacturer in San…

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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A health and nutrition store stocks a multivitamin with an annual demand of 1,000 bottles has Co probability distribution with μ = 25 and σ = 5. (a) What is the recommended order quantity? (Round your answer to the nearest integer.) = $23.50 and C = $9. The demand exhibits some variability such that the lead-time demand follows a normal (b) What are the reorder point and safety stock if the store desires at most a 4% probability of stock-out on any given order cycle? (Round your answers to the nearest integer.) reorder point safety stock (c) If a manager sets the reorder point at 30, what is the probability of a stock-out on any given order cycle? (Round your answer to four decimal places.) How many times would you expect a stock-out during the year if this reorder point were used? (Round your answer to the nearest integer.)
A retailer has two stores selling the same product. Weekly demand at store 1 is normally distributed with a mean of 100 and a standard deviation of 10, while weekly demand at store 2 is normally distributed with a mean of 150 and a standard deviation of 25. Demand at the two stores is independent. The retailer orders from a supplier with a 1 week lead time using a periodic review policy with a review period of 1 week, and targets a 95% service level. If the retailer wants to centralize inventory across the two stores, i.e., hold just one stock of inventory to serve demand from both stores, what should the order-up-to level be? PLEASE SHOW CALCULATION
please solve this on a paper i uploaded it before but the answer is wrong
Solve Problem 14 assuming that the lead time demand follows a Laplace distribution with mean and variance equal to the mean and variance of lead time demand you computed for Problem 14. What difference do you see in the (Q, R) values as compared to those for the normal case?
A department store uses a (Q, R) policy to control its inventories. Sales of a pocket FM radioaverage 1.4 radios per week. The radio costs the store $50.00, and fixed costs of replenishmentamount to $20.00. Holding costs are based on a 20 percent annual interest charge, and thestore manager estimates a $12.50 cost of lost profit and loss of goodwill if the radio is demanded when out of stock. Reorder lead time is 2 weeks, and statistical studies have shownthat demand over the lead time is accurately described by a Poisson distribution. Find the optimallot sizes and reorder points for this item.
PC World stocks and sells a particular brand of personal computer. It costs the store £ 460 each time it place an order with the manufacture for the personal computers. The annual cost of carrying the PCs in inventory is £ 150. The store manager estimates that annual demand for the PCs will be 1,800 units. Determine optimal order quantity using the basic EOQ model (you should round to the nearest integer number). Your Answer: Answer Page 6 of 20 Previous Page Next Page Activate Wi Go to Sertings O of 20 aucstions saved O I ) E Submit Quiz 36°C 立

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