Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8

Jill's Job Shop buys two parts (Tegdiws and Widgets) for use in its production system from two different suppliers. The parts are needed throughout the entire 52-week year. Tegdiws are used at a relatively constant rate and are ordered whenever the remaining quantity drops to the reorder level. Widgets are ordered from a supplier who stops by every four weeks. Data for both products are as follows: ITEM Annual demand Holding cost (% of item cost) Setup or order cost Lead time Safety stock Item cost TEGDIW 11,000 10 % $110.00 Optimal reorder quantity Reorder point 4 weeks 65 units $15 a. What is the reorder quantity and reorder point for Tegdiws? Note: Round your answers to the nearest whole number. Answer is complete but not entirely correct. 550 x units 911✔ units WIDGET 8,000 20 % $10.00 4 week 7 units $8

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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