Race One Motors is an indonesian car manufacturer. Al its largest manufacturing facility, in Jakarta, the company produces subcomponents at a rate of 310 per day, and it uses these subcomponents al a rate of12.500 per year (of 250 working days) Holding costs are $2 per item per year, und ordering costs are $29 per order.a) What is the economic production quantity 5743 units (round your reaponse to two decimal places)b) How many production runs per year will be made? 19.01 production runs (round your response to two decimal places).c) What wil be the maximum inventory leve? 55139 units (round your response to wo decimal places)d) What percentage of ime will the faclity be producing components? 16.12% (enter your response as a percentage rounded to two decimal places).e) What is the annual cost of ordering and holding inventory? S 651.30 (round your response to hwo decimal places)

The optimal quantity a corporation should purchase to minimize inventory expenditures, such as…

Answered: Race One Motors is an indonesian car…

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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a) Cycle Inventory b) Total cost c) Reorder level if lead time is constant at 4 days
The annual demand of a product sold by Hamza Limited is 400000 units. The product is purchased at a price of R20 per unit. The carrying cost of inventory amounts to5%of the unit purchase price. The ordering cost is R20 per order. How much is the total annual ordering cost based on the EOQ (expressed to the nearest Rand)? A. R2 000 B.R440 C. R2 660 D. R4 000
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Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual demand Average weekly demand Standard deviation of weekly demand. Lead time. Service probability Optimal order quantity Reorder point units units VALUE $12.00 $194.00/order 21% of item cost 24,700 units 494 /week 20 units 2 week 95% a. Determine the order quantity and reorder point. (Use Excel's NORMSINV() function to find your z-value and then round that z- value to 2 decimal places. Do not round any other intermediate calculations. Round your final answers to the nearest whole number.)
Ms Nadhirah opened a souvenir shop which she operates 36 weeks per year. Her top-selling product is an Avenger's mug collection. She able to sales about 10 units per week. Mug's supplier charges about RM30.00 per unit. Ordering cost is RM10.00. Annual holding cost is 25 percent of a mug's purchased price. As now, she chose a 100-unit per lot size for ordering the mug. (a) Calculate the cost of saving (2 decimal number) if she planned to use optimum lot size in her operation. (b) Ms Nadhirah wants to know whether this method is good or not for her operation. Therefore, list up TWO (2) advantages AND TWO (2) disadvantages if she adopts the new method in her operation.
Thomas Kratzer is tbe purchasing manager for theheadquarters of a la rge insurance company chain with a centralinventory operation. Thomas's fas test-moving inventory itemhas a demand of 6,000 units per year. The cost of each unit is$ 100, and the inventory carrying cost is $10 per unit per year. The average ordering cost is $30 per order. It takes about 5 days for anorder to arrive, and the demand for I week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per yea r?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost ofthe 6,000 units?
PART A Speedy Bicycle Company (SBC) is a wholesale distributor of a wide variety of bicycles and bicycle parts. The most popular model is the Dragonfly, which sells for $170. All manufacturing is done at a plant in China, and shipment takes a month (30 days) from the time an order is placed. The estimated order cost is $75, including customs clearance. SBC's cost per bicycle is 65% of retail price, and inventory carrying cost is 11% per year of SBC's cost. If the company cannot fulfill a retail order, the retailer will get the shipment from another distributor and SBC loses that business. SBC is planning inventory for 2023 based on forecasted demand and wants to maintain a 93% service level to minimize lost orders. The company has 300 working days per year. 2021 Forecasted Demand for the Dragonfly Bicycle Model: F A J 15 58 J 8 M 31 M 96 J 59 38 A 23 S 16 0 14 N 26 D 41
Company XYZ has a specialised machine shop. As the maintenance team, you requested to implement new inventory management practices for the machine shop. The aim of this assignment is to familiarise yourself with different inventory models that are available. Use the Quantity Discount Model 1)what is the purpose of the model, 2)where the model applicable, 3)what are the advantages and disadvantages. 4)Then consider how would be implemented in the machine shop, why it would be applicable consider the different tools and machines in the machine shop. 5)Indicate why you consider such a model. Discuss your recommendations in detail.TOTAL MARKS:
عنوان الدرس التاريخ The firm manufactures photocopying machines and the production plant requires 3317 otters every year. for ordering each. The inventery The supplier claims OAR 70,4 and each rotter cost OMR 26-6 ime carrlying cost is estimated to be 42.25 % of purchase cost. Cateutate å A) Inventory carrying cost B) Economic Or dering Puantity ) Optimumorder interval in days D) Av erage inventory_at_any time time E) storge cost any f) Minimum tetal inventory cost per year
Please help me with this practice problem. Please be specific on where to put the equations and what equations to use. Thank you
ABC Company sells a number of products to many restaurants. One product is a special meat cutter with a disposable blade. Blades are sold in a package of P12 at P20 per package. It has ben determined that the demand for the replacement blades is at constant rate of P2,000 packages per month. The packages cost the company P10 each from the manufacturer. The ordering cost is P1.20 per order, and the carrying costs is 10% per year. Compute the Economic Order Quantity.
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