Compute for Michaela Bag economic order quantity.
Q: Managing quality is an important integral in operations management. In addition to being a critical ...
A: Quality is defined as an outcome, a feature of a product or service supplied to a client and the hal...
Q: _1 Question 3: 2 !What are the best investment decisions based on 3 ja. Maximax 4 b. Maximin Risk Fu...
A: find return on each category
Q: Projects may be audited at any point in the life cycle. Even after projects are closed, it is common...
A: The term audit can be understood as a formal examination of the books of accounts of the company. It...
Q: Basseterre, St. Kitts, April 29, 2021 (SKNIS): St. Kitts and Nevis Youth Ambassador Corps officially...
A: Note: "Since you have posted an inquiry with different sub-parts, we will settle the initial three s...
Q: Describe and differentiate these steps.
A: PERT and CPM both are tools of project management that helps in scheduling the tasks of the activiti...
Q: Ten samples of 15 parts each were taken from an ongoing process to establish a p-chart for control. ...
A: Given-
Q: Freeze Inc.’s CEO established as a goal for top management to complete the project on or before 22 w...
A: Activity-on-node is a project management term that leads to a precedence diagramming method that use...
Q: Discuss whether any duty drawback is admissible under section 75 of Customs Act in the following cas...
A: Section 75 of Customs Act: Admissibility of Drawback The drawback under section 75 is on a whole ot...
Q: 2. Overbooking is the practice of booking seats/rooms in excess of the actual seats available in fli...
A: As per the given information in the question, PI = Price of a unit of capacity = PHP 3500 per day (H...
Q: The Baton Rouge Police Department has five detectivesquads available for assignment to five open cri...
A: given,
Q: Four things must be known about material inputs in standard development?
A: Materials refer to all the inputs that are required for making the final product. For having a stand...
Q: 10. Quarterly demand for Jaguar XJ8’s at a Tacloban Auto dealership is forecast with the equation, ...
A: Forecasting is used by companies to match supply with demand and to avoid opportunity costs issues. ...
Q: TRUE or FALSE 1. The value-based quality perspective is from the point view of the product design...
A: 1. Value-based quality perspective This quality viewpoint compares a product's quality to that of co...
Q: g transportation problem:
A: A transportation problem helps to identify the optimal cost indicating lines using the unit cost bet...
Q: What is the best decision alternative under Maximax criterion?
A: Here, there are three alternatives and four states and nature, these decision alternatives are hirin...
Q: Question 2 Bryan has been working for Habib Jewels for almost 12 years. He is well known for his ski...
A: In the given question Bryan has been working for Habib Jewels for pretty much 12 years. he's well-kn...
Q: An example can be seen in the operation of a security-conscious jewelry shop. Customers are allowed ...
A: Operations management is described as a process through which business practices are put up to the h...
Q: Discuss the differences between a causal model and a time-series model. Be sure to provide examples ...
A: Causal model of forecasting is an approach that would predict or forecast the futuristic events base...
Q: A shop that makes candles offers a scented candle, which has a monthly demand of 520 boxes. Candles ...
A: Given- Monthly Demand = 520 boxesSetup cost or Ordering cost (S)= $73 per lotHolding Cost (H) = $1...
Q: What is the total cost of reducing this project by two weeks? O a. 44 b. 76 C. 48 d. 50 e. 34
A: Here, there are three critical paths, these paths are A-B-C-D-E, A-G-H-E and A-F-I-E, I have also be...
Q: It has been said that forecasting using exponential smoothing is like driving a car by looking in th...
A: Exponential smoothing is a time series forecasting technique for univariate data that can be develop...
Q: The McGranger Mortgage Company is interested in monitoring the performance of the mortgage process. ...
A: Find the Given details below: Given details: Sample Mean Range 1 7 9 2 9 12 3 5 3 4 13 ...
Q: Are some aspects of organizational effectiveness not taken into account by lean management? Is this ...
A: Lean management is a quality efficiency-oriented method that looks for continuous improvement in an ...
Q: Recreation and wellness intrant project Health Coverage Cross selling 7 1/22/2022 1/30/2022 1 1/22/2...
A: Find the Given details below: Code Activity Activity Duration(Days) Start date End date A Recre...
Q: J .C. Howard's medical testing company in Kansas wishes to assign a set of jobs to a set of machines...
A: A Small Introduction about Production Management Production the executives is a course of plannin...
Q: PT Cahaya Pintar Utama (PT. CPU) makes special lights that are popular in new homes. PT. CPU demand ...
A: given,
Q: ANSWER THE QUESTION BELOW BASED UPON THIS INFORMATION (NOTE: THIS INFORMATION DOES NOT CHANGE FOR AL...
A: Decision variable: Suppose-X be the no. of Suits to produceY be the no. of Sports Coats to produce...
Q: Susan has just been hired as a professional SCUBA diver at a resort in Bali. She is a certified dive...
A: Productivity training is tied in with gaining more headway, significantly quicker. To accomplish you...
Q: nager is getting nervous that if he/she waits too long, he/she will miss out on any backup options l...
A: being a manager isn't a easy task and specially when you are trying to work with another competitive...
Q: As we saw in Problem Set 2, on a Thursday, Jeanie decided that she would like to have a dinner party...
A: Given data is Desired crash hours = 4
Q: Would you say that system with higher efficiency ratios rather than other systems will have higher u...
A: There is often confusion between efficiency and utilization and sometimes both these terms are consi...
Q: 1. Prepare a flowchart on preparing a meal, vou may choose either breakfast, lunch, or dinner. You n...
A: Note: - As it has been specified we will answer question 2 here. A cause and effect diagram or fish...
Q: g) Suppose that the profit contribution of component 3 decrease by $2.00 . Would the optimal solutio...
A:
Q: or each project phase (Iniating, planning, executing and closing) identify and describe at least one...
A: In project management, there are five process groups, these are starting with initiating and then, p...
Q: 55. The mail order firm of L. L. Pea receives an averageof 200 calls per hour, where times between c...
A: Given data is as follows: The arrival time is 200/hr. The service rate per hour is 20/hr. The wage r...
Q: Give 3 supporting points as to why implementing Return bottle policy can reduce the cost of produ...
A: A Small Introduction about Production Cost Management Cost of production alludes to the absolute ...
Q: In terms of quality assurance, why is it crucial to validate methods?
A: First of all let us understand what is quality Validation Process validation is defined in a guideli...
Q: please develop a space matrix for Macdonalds in space matrix format.
A: INTRODUCTION- McDonald's is perhaps the biggest organization that has some expertise in inexpensive ...
Q: Bullseye Shirt Company makes three types of shirts: athletic, varsity, and surfer. The shirts are ma...
A: Decision Variable: Suppose- Xij be the yards of fabric of the ith ingredient used in the jth shir...
Q: Problem 4 A. Complete the following Table for Product A MPS Record for Product A Demand time fence: ...
A: Given data is
Q: Identify and explain ONE key factor prompted Sushiro to operate outside Japan.
A: A Small Introduction about Operation Management Operations management (OM) is the organization of...
Q: (a) Draw a project netvork. (Submit a file vith a maximum size of 1 MB.) Browse. No file selected. T...
A: A project schedule network diagram shows the sequential and analytical association between tasks in ...
Q: A project manager cannot make sound decisions without an accurate picture of the project's current s...
A: Project scheduling and project cost are two fundamental parts of any project. These two are directly...
Q: With specific examples of each answer, discuss any 4 forms of Industrial Action
A: Industrial actions are a piece of organizational life and emerge out of different financial or non-m...
Q: Please show your math! Steel Mills in three cities produce the following amounts of steels: Location...
A: Given data is
Q: re in construc
A: Using a Work Breakdown Structure (WBS), a project may be broken down into smaller, more manageable t...
Q: Activity Resources Duration (days) Precedence activity A Sub-con 10 Direct labour, Material Supplier...
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...
Q: State (2) two pros and (2) two cons of regional agreements. You must include examples of countries a...
A: A pact agreed by two or more countries to support the free flow of goods and services across their b...
Q: What is their productivity
A: Labor productivity indicating the proportion between total output and total input labor hours or cos...
Q: A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant ma...
A:
Step by step
Solved in 2 steps with 1 images
- The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.Sam's Pet Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $13.00 per bag. The following information is available about these bags: ≻Demand=75 bags/week ≻Order cost=$55.00/order ≻Annual holding cost=25 percent of cost ≻Desired cycle-service level=80 percent ≻Lead time=4 weeks (24 working days) ≻Standard deviation of weekly demand=15 bags ≻Current on-hand inventory is 320 bags, with no open orders or backorders. Part 2 a. Suppose that the weekly demand forecast of 75 bags is incorrect and actual demand averages only 50 bags per week. How much higher will total costs be, owing to the distorted EOQ caused by this forecast error? The costs will be $enter your response here higher owing to the error in EOQ. (Enter your response rounded to two decimal places.) a. What is the EOQ? What would the average time between orders (in weeks)? b. What should R be? c. An inventory withdraw…Explain briefly the elements of inventory management?
- Earthbound Corporation is a manufacturer and distributor of air conditioning systems. You have been engaged to install an accounting system for Earthbound period among the inventory control features earthbound desires as part of the system are indicators of how much to order and when period. The following information is furnished for a product called “Hydronix” which is carried in inventory: Hydronix are sold by the gross (12 dozen) at a list price of P800 per gross FOB shipper. John receives a 40% trade discount off list price on purchases in gross lots. Freight cost is P20 gross from the shipping point to John's plant John uses about 5,000 Hydronix during 259-day production year and must purchase a total of 36 gross per year to allow for normal breakage. Minimum and maximum usages are 12 and 28, respectively. It takes 20 working days (normal delivery time) to receive an order from the date the purchase request is initiated. A rush order in full gross lots can be received by air…A local TV repairs shop uses 36,000 units of a part each year (A maximum consumption of 100 units per working day). It costs RM20 to place and receive an order. The shop orders in lots of 400 units. It cost RM4 to carry one unit per year of inventory. Calculate total annual ordering cost Calculate total annual carrying cost Calculate total annual inventory cost Calculate the Economic Order Quantity Calculate the total annual cost inventory cost using EOQ inventory Policy How much is the saving if using EOQ? Compute re-ordering point assuming the lead time is 3 days.MGR Corporation sells table napkins. These are sold by dozen per package for Php 20. They sell 2,000 packages per month. Each package sells at Php 10 and requires 6 days lead time from date of order to date of delivery. The ordering cost is at Php 1.20 and the carrying cost is 10% per annum. a. Assuming that the present inventory level is 200 packages and there is no safety stock, when is the next order placed (use 360 days/year)
- Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the total carrying costExplore the concept of Vendor-Managed Inventory (VMI) and its synergy with the Wilson approach.Explain the difference between static and dynamic inventory models?
- Floral Beauty, Inc., is a large floral arrangements store located in Asheville Mall. Bridal Lilies, which are a specially created bunch of lilies for bridal bouquets, cost Floral Beauty $19 each. There is an annual demand for 22,000 Bridal Lilies. The manager of Floral Beauty has determined that the ordering cost is $85 per order, and the carrying cost, as a percentage of the unit cost, is 14%. Floral Beauty is now considering a new supplier of Bridal Lilies. Each lily would cost only $17.50, but to get this discount, Floral Beauty would have to buy shipments of 2,000 Bridal Lilies at a time. Should Floral Beauty use the new supplier and take this discount for quantity buying? d) What is the total annual inventory cost (including purchase cost) for the current supplier? e) What is the annual holding cost for the new supplier (when purchasing 2,000 each order)? f) What is the total annual inventory cost (including purchase cost) for the new supplier (when I Need help on the formulas…Floral Beauty, Inc., is a large floral arrangements store located in Asheville Mall. Bridal Lilies, which are a specially created bunch of lilies for bridal bouquets, cost Floral Beauty $19 each. There is an annual demand for 22,000 Bridal Lilies. The manager of Floral Beauty has determined that the ordering cost is $85 per order, and the carrying cost, as a percentage of the unit cost, is 14%. Floral Beauty is now considering a new supplier of Bridal Lilies. Each lily would cost only $17.50, but to get this discount, Floral Beauty would have to buy shipments of 2,000 Bridal Lilies at a time. Should Floral Beauty use the new supplier and take this discount for quantity buying? d) What is the total annual inventory cost (including purchase cost) for the current supplier? e) What is the annual holding cost for the new supplier (when purchasing 2,000 each order)? f) What is the total annual inventory cost (including purchase cost) for the new supplier (when I Need help on the formulas…Inventory Management Reorder The ToyWorld company produces toys out of plastic ordered from an outside supplier. ToyWorld's daily demand for plastic is normally distributed with a mean of 7,800 pounds and a standard deviation of 1,050 pounds. Lead time is 16 days. (Use the Formula Sheet Z table to determine Z values.) ToyWorld uses an average of pounds of plastic during the lead time. Find the average pounds of plastic. If ToyWorld uses a 70% service level, how much safety stock will be used? What is the reorder point if ToyWorld wants to limit the probability of a stockout to 8 percent? What is the service level if ToyWorld reorders when the plastic inventory reaches 134,586 pounds?