Beginning QuantityEndingInventory Order? LostWeekDemandinventoryon-orderinventoryposition (yes/no) Sales110053240336438555634730831940105711301253

Introduction to Inventory ManagementInventory management is a crucial aspect of operations for…

Answered: Beginning Quantity Ending Inventory…

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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QUESTION 2 A firm has the following revenue and cost functions. TR = 120 Q – Q² TC =;Q² +30 Q Q + 10 2. Determine the quantity level at which the firm maximizes its total profit. (Hint: use marginal revenue = marginal cost rule) L10 Mar
Questions in red 10-12
Question: Consider a company facing a demand pattern and costs as follows: Month Jan Feb Mar Apr Мay Jun Jul Aug Sep Oct Nov Dec Sequential number 1 3 4 6. 7 8. 9 10 11 12 Total Requirements (units) 20 40 110 120 60 30 30 80 120 130 40 800 Given: Fixed ordering cost A = $25.00, carrying cost r (per month) = $0.05 (Carrying costs are very high in this industry) and unit variable cost v = $4.00. Using a "three-month" decision rule, the replenishment schedule and associated costs are as follows: Month 1 3 4 5 | 7 8 9. 10 11 12 Total Starting inventory Replenishment | 170 Requirements Ending inventory Total replenishment costs: $110.00 Total carrying costs: $156.00 Total replenishment + carrying: $256.00 150 110 90 30 110 80 170 40 210 130 290 800 40 110 20 60 30 20 30 12 40 800 150 110 90 110 80 170 780 Construct a replenishment schedule and calculate the associated costs using the Fixed Economic Order Quantity method. 20
question 3 Sam's Cat Hotel operates 52weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about these bags. Refer to the standard normal table AT END for z-values. ≻Demand= 92 bags/week ≻Order cost =$58/order ≻Annual holding cost =26 percent of cost ≻Desired cycle-service level=99 percent ≻Lead time = 1 week(s) (5 working days) ≻Standard deviation of weekly demand = 20 bags ≻Current on-hand inventory is 310 bags, with no open orders or backorders. a. What is the EOQ? Sam's optimal order quantity is__________ bags. (Enter your response rounded to the nearest whole number.) What would be the average time between orders (in weeks)? The average time between orders is _________weeks. (Enter your response rounded to one decimal place.) b. What should R be? The reorder point is _________ bags. (Enter your response rounded to the…
QUESTION 15 ID-planned order release using EOQ technique Clancy's Motors has the following demand to meet for custom manufactured fuel injector parts. The holding cost for that item is $2 per month and each setup costs $80. Lead time is 0 months. Calculate the planned order releases using: the EOQ technique including the holding cost of any inventory left over after month 7? Month Requirement 1 400 What is the total cost? 2016 2509 1405 1536 2 150 3 200 150 100 150 250
Quantity Ordered From To Price Per Roll 1 and up Order Quantity 1 86 2 452 3 492 4 191 5 356 6 148 7 342 8 382 9 276 10 118 11 464 12 188 13 25 14 427 15 30 16 111 17 161 18 314 19 442 20 429 21 451 22 32 23 181 24 163 25 336 26 240 27 68 28 317 29 435 30 211 31 76 32 374 33 415 34 408 35 196 36 302 37 312 38 31 39 317 40 394 41 348 42 49 43 500 44 490 45 94 46 285 47 237 48 101 49 53 50 257 51 273 52 415 53 346 54 133 55 287 56 431 57 113 58 197 59 6 60 328 61 114 62 207 63 273 64 257 65 113 66 400 67 324 68 500 69 60 70 117 71 466 72 370 73 293 74 164 75 63 76 252 77 394 78 109 79 233 80 340 81 430 82 210 83 363…
Question: How do you use the Silver-Meal ordering policy to find the Total annual Cost for the damand and parameters listed below? Month Period Demand Jan. 1 110 Feb. 2 40 Mar. 3 150 Apr. 4 130 May 5 60 Jun. 6 30 Jul. 7 20 Aug. 8 30 Sep. 9 80 Oct. 10 120 Nov. 11 130 Dec. 12 100 Total 1000 Given cost parameter: Value Order cost $25 Unit cost $8 Holding cost rate (monthly) 5%
question 5 At Dot Com, a large retailer of popular books, demand is constant at 20,400 books per year. The cost of placing an order to replenish stock is $75, and the annual cost of holding is $6.00 per book. Stock is received 12 working days after an order has been placed. No backordering is allowed. Assume 325 working days a year. a. Dot Com's optimal order quantity is______ books. (Enter your response rounded to the nearest whole number.) b. The optimal number of orders per year is_____ orders. (Enter your response rounded to the nearest whole number.) c. The optimal interval (in working days) between orders is____ days. (Enter your response rounded to one decimal place.) d. The demand during lead time is ______ books. (Enter your response rounded to the nearest whole number.) e. The reorder point is _____ books. (Enter your response rounded to the nearest whole number.) f. The inventory position immediately after an order has been placed is _______ books.…
Q1. A manufacturer buys certain equipment form suppliers at Rs. 30 per unit. Total annual needs are 800 units. The following further data are available: Annual return on investments 10% Rent, insurance, storing per unit per year Rs. 2 Cost of placing an order Rs. 100. Determine EOQ.
QUESTION 16 Products in an electronic store consist of the following: 20 TVs delivered on January 10th at a cost of $100 each and 30 TVs delivered on February 2nd at a cost of $110. They are the FIFO inventory method, what would the remaining value of inventory be if 15 TV's were sold on February 28th? the same model Using $3.650 O $3,800 O $5,300 O $3,710
Question: calculate the reorder point in meters for the fabric.

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Beginning Quantity Ending Inventory Order? Lost Week Demand inventory on-order inventory position (yes/no) Sales 1 100 53 2 40 3 36 4 38 5 55 6 34 7 30 8 31 9 40 10 57 11 30 12 53