Josie Gall's firm has developed the supply, demand, cost, and inventory data that follow.Supply AvailablePeriod123RegularTime403540Overtime151515Subcontract101010DemandForecast30 units$100$150$200$6506555Initial inventoryRegular-time cost per unitOvertime cost per unitSubcontract cost per unitCarrying cost per unit per monthAssume that the initial inventory has no holding cost in the first period, and backorders are not permitted.Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is(Enter your response as a whole number.)

The given problem is for Aggregate planning. It has been specified to use the transportation method…

Answered: Josie Gall's firm has developed the…

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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es Garden Variety Flower Shop uses 930 clay pots a month. The pots are purchased at $3.90 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering costs are $10 per order. The manager has been using an order size of 2,000 flower pots. a.What additional annual cost is the shop incurring by staying with this order size? (Round your optimal order quantity to the nearest whole number. Round all other intermediate calculations and your final answer to 2 decimal places.) Additional annual cost b.Other than cost savings, what benefit would using the optimal order quantity yield (relative to the order size of 2,000)? (Use the rounded order quantity from Part a. Round your final answer to the nearest whole percent.) About % of the storage space would be needed. Check my
Subject: calculus
The seasonal demand for a particular product is given below: Period 1 2 3 4 5 6 Demand 300 450 100 450 450 100 The fixed parameters are: Fixed Cost $8 Unit Production Cost $1 Holding Cost $1.3 Calculate total ordering cost using following three methods: i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity Please do fast .. ASAP.. fast
Michigan State figurines Inc. sells Crystal figurines to spartan fans. They buy the figurines from the manufacture for $19 per unit. They send orders electronically to the manufacturer, cost and $33 per order and they experience an average sleep time of six days for each order to arrive from the manufacture. Their inventory Karen cost is 20%. The average daily demand for the figurines is two units per day. They are open for business 250 days a year. Answer the following questions. I am struggling with the last two.
Kooyman hardware sells 31 different types of drills. They had demand for 25 of the drills and satisfied 78 percent of the demand. What was their fill rate for drills? % ( Do not round intermediate calculations.
Which type of inventory system would you use in the following situations?a. Supplying your kitchen with fresh food.b. Obtaining a daily newspaper.c. Buying gas for your car.To which of these items do you impute the highest stockout cost?
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The seasonal demand for a particular product is given below: Period 123 4 5 6 Demand 300 450 100 450 450 100 The fixed parameters are: Fixed Cost $8 Unit Production Cost $1 Holding Cost $1.3 Calculate total ordering cost using following three methods: i) Lot-for-Lot ii) Wagner-Whitin algorithm iii) Fixed order quantity
Ram Roy's firm has developed the following supply, demand, cost, and inventory data Period 1 2 3 Regular Time 30 30 40 Supply Available Overtime Subcontract 5 15 15 15 5 5 Demand Forecast 40 20 units $100 $150 $200 $6 45 55 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period and backorders are not permitted Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number)
ARP Engines is a producer of outboard motors and ships worldwide. The company has recently set up a new distribution centre and wants to decide on an inventory policy for one of its products. It has determined the following pertinent information: expected average weekly demand weekly demand standard deviation holding cost production setup cost delivery lead time 400 motors 50 motors $25/motor $5,000/order 3 weeks The company plans to operate 5 days per week, 50 weeks per year. a. Compute the Economic Order Quantity (ignore the variation in demand) given the informa- tion gathered by the company. What is the time between orders and the total cost of operating the EOQ inventory policy? b. The company is considering using the EOQ as the order quantity in a continuous review system. Compute the reorder point and safety stock to meet a service level of 99%. What is the cost of this Q system inventory policy? c. If the company thinks to use the TBO (computed in part a) as the period for a…
Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Period 1 W N 3 Regular Time 30 35 40 Overtime 15 15 20 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract 10 10 10 Subcontract cost per unit Carrying cost per unit per month 20 units $100 $160 $250 $2 Demand Forecast 40 55 60 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $ (enter your response as a whole number).
Weekly Average Demand 698 Standard deviation of (weekly) demand 35 Setup cost ($) 1750 Procurement cost ($) 290 Holding cost /unit/week ($) 1 In the provided table, you will find details about the demand and inventory levels of the "Galaxy Explorer" drone, a best-selling product at a department store. The store is open for 42 weeks in a year. The store manager placed an order in the beginning of week 13, and he expects to receive the orders in the beginning of week 15. On average, how many units of "Galaxy Explorer" drone should the store manager expect to sell while waiting for the order to arrive? (Do not round your intermediate calculations. Round your final answers to the nearest whole number. Only enter a number. Do not enter any units

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