Answer Problem #3 : items 11& 12 Problem 3: Economic Order QuantityGHI Company has an annual demand of 100,000.00 units of Material Y. The ordering cost is 125.00 per order, cost perunit 5.00, and the annual carrying cost per unit is 1.00. Assume that the units will be required evenly throughout the year.Compute for the following:9. Economic order quantity10. Number of orders made on first quarter11. Total carrying cost12. Total ordering cost

Ordering Cost The total ordering cost would be the product of the cost per order O and the number of…

Answered: Problem 3: Economic Order Quantity GHI…

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 Based on the information given below, compute the planned order releases and projected on hand balances for part A, P and M. Graph 1: Bill of Materials (BOM) J (2) Y (3) P (2) B M Table 2: Materials Requirement for Part A, P and M Part A Week 1 2 3 4 5 6. Gross requirement Scheduled receipts Projected on-hand inventory Net Requirements Planned order receipts Planned order releases Quantity = 50, Lead Time = 2, Safety Stock = 0 20 10 20 50 25 Part P Week 1 2 4 Gross requirement Scheduled receipts Projected on-hand inventory Net Requirements Planned order receipts Planned order releases Quantity = Lot-for-Lot, Lead Time = 1, Safety Stock = 30 60 100 %3D
Each Triam Deluxe gamer computer system consists of two speakers, a monitor, a system unit, a keyboard, and an installation kit. These pieces are packed together and shipped as a complete kit. In MRP terms, all of these items are level 1 items that make the level 0 kits. Complete the MRP records, using the following information: • Production plans for complete kits are as follows: Start assembling 4,500 kits in week 2 Start assembling 1,000 kits in weeks 3, 4, and 5 Start assembling 8,000 kits in week 6 • The gross requirements for the system unit have already been given to you. For the remaining items, you will need to figure out the gross requirements. • All scheduled receipts, lead times, and beginning inventory levels are shown. Click the icon to view the MRP records. Construct the material requirements plan for item System unit (enter your responses as whole numbers). System unit: Lead Time = 1 week; Minimum order quantity = 3,500 Week 1 2 3 Gross requirements 4,500 1,000…
Inventory is not a property that is acquired for the purpose of resale in a business activity. Question 4 options: True False
Q3 needed to be solved correctly By hand solution needed
Read the email and write a short paragraph as a resale (around 50 - 70 words). Specify if it would be 1st, 2nd, 3rd or 4th paragraph. Write a number before the paragraph. For example: "1st As I fully understand..." Subject: Late Delivery and Damaged/Missing Products Dear SuperSonic Customer Support Team, I am writing to express my deep dissatisfaction with the recent order I placed through your Kuwait website. Unfortunately, I have encountered multiple issues, including a significant delay in delivery, a damaged product, and a missing item. On October 12th, I made a purchase for a tablet pc and a charger both of which were expected to be delivered promptly. However, I have yet to receive the tracking number email, even though the items have already been delivered. Furthermore, the delivery itself was delayed by two weeks, causing inconvenience and frustration. To my dismay, upon receiving the package, I discovered that the tablet pc had a visible crack running down the middle (refer to…
QUESTION 2 Identify and explain four assumptions of the economic order quantity.
QUESTION 12 A vendor for the local ballpark food stand is questioning whether to stock his concession with a large or small inventory. He believes that it will depend upon the size of the crowd. He has developed a payoff matrix for the various alternatives (stocking decision) and states of nature (size of crowd). What is the answer using the criterion of maximin? Alternatives Large Inventory Small Inventory Probability OA) -$2,000 O B) $0 OC) $51,667 OD) $220,000 O E) -$5,000 Large Crowd $220,000 $90,000 .20 PROFIT (S) Average Crowd $50,000 $70,000 1.50 Small Crowd -$2,000 -$5,000 30
1
Question 2 Rohe (Hong Kong) Ltd is a pharmaceutical company which manufactures and supplies various drugs for drug stores in Asia. Currently, Rohe (Hong Kong) Ltd has four factories A, B, C and D. Management has decided to build a new factory at a location central to these factories. Information regarding the yearly demands and the map coordinates for the four factories are shown in below table. Factories Demand - x-coord 9,000- 3,000- 5,000 y-coord 130 40 A Be 20 60 Ce 70 100 De 16,000- 90 30 (a) Determine the map coordinates of the new factory. (b) Suggest and elaborate TWO other factors that need to consider in the selection of location. «
Item X is a standard item stocked in a company's inventory of spare parts. Each year, the firm uses about 2,000 units of Item X, which costs Php 1,000 per unit. Storage costs, which include insurance and cost of capital, amount to 18 percent of item unit cost. Placing an order for more of Item X costs Php 400. The company operates 360 days per year and Item X is received 9 days after placement of order.
Question #4: Why Keep Inventory?

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