Item X is a standard item stocked in a company'sinventory of spare parts. Each year, the firm usesabout 2,000 units of Item X, which costs Php 1,000per unit. Storage costs, which include insurance andcost of capital, amount to 18 percent of item unitcost. Placing an order for more of Item X costs Php400. The company operates 360 days per year andItem X is received 9 days after placement of order. How many times per year would Item *X be ordered?O 21x50x40xO None of the aboveWhat is Item X's average inventory*level?40 units48 units223 unitsO None of the above

The order quantity that minimizes the overall holding costs and ordering expenses in inventory…

Answered: How many times per year would Item * X…

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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3. Peter's order quantity for tocino is 5,000 kilos. Peter maintains a safety stock of Tocino at 500 kilos, and its order point is 1,500 kilos. What is the lead time, assuming daily usage is 50 kilos?
If economic order quantity is 2,500 units and consumption in units for one year are 15,000 units, then number of orders in a year will be: a. 10 orders b. 5 orders c. 12 orders d. 6 orders
Trying to figure out
20 Lead time for one of your fastest-moving products is a) What would be an appropriate reorder point? 100 days. Demand during this period averages units per day. units (enter your response as a whole number). b) How does your answer change if demand during lead time doubles? c) How does your answer change if demand during lead time drops in half? units (enter your response as a whole number). units (enter your response as a whole number).
Please do not give solution in image format thanku Demand for Bartley's Baseball Gloves is 50 gloves per day, with a standard deviation of 5 gloves per day. It takes 12 days lead time to restock. Bartley wants to maintain a 93.7% level of service. How much safety stock does he need to carry? Hang on to 3 places beyond the decimal, properly rounded. Note that this question asks for SAFETY STOCK, not Reorder Point.
1. can you describe push inventory system that are called “push system?” is one system better than the other, in your view do you think all industries have a choice in where they can use a push system or a pull system?
Exercise 11.8 We Care Associates (WCA), a local physician practice group, orders supplies from various distributors. Order quantities of fifteen items have been determined based on the past five years of usage. Other relevant information from the practice’s inventory records is depicted in Table EX 11.8. The practice is functional for fifty-two weeks a year. Item No. Weekly Demand (Unit/Week) Unit Cost ($) Yearly Carrying Rate of Each Item Ordering Cost ($) 1 400 2.50 15% 12.00 2 1,600 0.50 16% 6.00 3 175 37.50 20% 32.00 4 250 3.5 12% 50.00 5 250 1.75 18% 12.00 6 32 2,300.00 2% 35.00 7 1,500 1.25 14% 10.00 8 2,200 0.65 17% 6.00 9 1,270 0.95 21% 5.00 10 120 12.50 12% 12.00 11 220 2.00 15% 28.00 12 350 1.50 14% 18.00 13 18 5,000.00 2% 25.00 14 6 6,700.00 2% 50.00 15 1,250 2.60 22% 19.00…
3
Please explain me in brief about Pros and Cons of Re-Order Point Control and Re-Order Cycle Control Inventory control Systems.
The Budd Gear Co. specializes in heat-treating gears for automobile companies. At 8:00 a.m., when Budd's shop opened today, five orders (listed in order of arrival) were waiting to be processed. Order Size Order (units) 16 ABCDE 66084 10 Per Unit Time in Heat Treatment (minutes/unit) 4 12 3 10 1 Due Date (min. from now) 160 200 180 190 220 a. If the due date rule is used, what sequence should be used? The sequence is b. What will be the average job tardiness? (Round your answer to 2 decimal places.) Average job tardiness c. What will be the average number of jobs in the system? (Round your answer to 2 decimal places.) Average number of jobs d. Would the Shortest processing time rule produce better results in terms of average job tardiness? (Round your answer to the nearest whole number.) (Click to select) new average job tardiness is (Click to select) ✓ minutes.

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How many times per year would Item * X be ordered? 21x 50x O 40x * None of the above What is Item X's average inventory level? 40 units O 48 units 223 units None of the above