QUESTION 6A steel part is ordered form an outside supplier the demand for the next 4 weeks is 12, 15, 10, and 25. Current inventory is 6, and ending inventory should be 5. Assume h= $2 perweek and k=60. Detemine the order policy and total cost for this item based on Silver-Meal.Order Policy:Cost:

The detailed solution is given in Step 2.

Answered: QUESTION 6 A steel part is ordered form…

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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Q1/ One of the dairy canning companies wants to set up a special program for the production of cheese, as it decided to produce two types of cheese, each of which consists of a mixture of ingredients that are manufactured in special machines to become ready for use. The cost of the first type of cheese is 41 dinars, and the cost of the second type is 35 dinars. Each of the two types of cheese contains four components. The manufacture of cheese of the first type requires a mixture of (2, 1, 5, 0.6) and the second type (3, 1, 3, 0.25) units of the components (D, C, B, A). on the sequence. The weekly needs of foodstuffs (D, C, B, A) that are supposed to be provided for the cheese industry are (1250, 250, 900, 232.5) kg, respectively. Required: 1- Formulate a mathematical model for this problem. 2- The quantity of cheese production of the first and second types to obtain .the highest return using the graph method
Problem 11-11 (Algo) Famous Albert prldes himself on being the Cookle King of the West. Small, freshly baked cookles are the specialty of his shop. Famous Albert has asked for help to determine the number of cookles he should make each day. From an analysis of past demand, he estimates demand for cookles as VROBARTLITY OF DENAND 0.04 DEEAND 1,800 dosen 2,000 2,200 0.10 0.20 2,400 2,600 2,000 3,000 0.26 0.15 0.03 0.14 ces Each dozen sells for $0.65 and costs $0.49, which includes handling and transportation. Cookles that are not sold at the end of the day are reduced to $0.30 and sold the following day as day-old merchandise. a. Compute the expected profit or loss for each cookie making decislon quantity. (Round your answer to the nearest whole number. Enter expected losses with a negative sign.) Cookles Baked (Dozen) Probability of Demand Expected Profit/Loss 1,800 0.04 2,000 0.10 2,200 0.28 2,400 0.26 2,600 0.15
Describe the link between inventory levels and production schedule?
Discussion Questions 1. The customer order decoupling point was described as the point at which the demand changed from independent to dependent. Describe what this means and why it is important to managers. 2. Provide examples of make-to-stock, assemble-to-order, and make-to-order products. What advantages are there in moving from make-to-stock to assemble- or make-to- order?
Subject: Logistic management Q): calculate inventory turn over ratio, Where sales is 2,000,000COGS is 65% of sales And average inventory is 125,435 What will be inventory ratio in days and weeks
Question: What level of safety stock should be maintained? Please show the solution. Thank you
What are the advantages and disadvantages of varying the size of the workforce to meet demand req uirements each period?
52
Question Two: A store has an annual demand of 2,500. The cost to place an order to replenish inventory is $18.75 per order, and annual inventory holding cost per unit is $1.5 What is the optimal order size? What is the annual total cost?
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
please answer within 30 minutes.
State some drawbacks of just in time inventory management ?

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