Ram Roy's firm has developed the following supply, demand, cost, and inventory data.Supply AvailableOvertime Subcontract155155205Period123RegularTime303540DemandForecast20 units$100$150$200$6405060nInitial 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).

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Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

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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…
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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).
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Please do not give solution in image format thanku Ram Roy's firm has developed the following supply, demand, cost, and inventory data. Supply Available Period Regular Time Overtime Subcontract Demand Forecast 1 40 15 15 50 2 30 15 15 55 3 40 20 15 60 Initial inventory 30 unitsRegular-time cost per unit$100 Overtime cost per unit$160 Subcontract cost per unit$250 Carrying cost per unit per month$4 Assume that the initial inventory has no holding cost in the first period and backorders are not permitted. Part 2 Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $enter your response here (enter your response as a whole number).

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