The current inventory levels and leadtimes of the input materials needed areshown in the table below:CurrentLead TimeMaterialInventory (days)Circuit board223productproductBare printed121board|Сарacitor3985714Op amp63811Resistor100343Transistor584For the input component that needs tobe ordered the soonest (taking intoaccount that some input componentsmay not need to be ordered), howmany components need to be orderedto have enough to produce a sufficientnumber of circuit board products tomeet the customer order? A company produces and sellselectronic components that arepurchased by computermanufacturers. The company justreceived an order for 3000 circuitboards that must be delivered to thecustomer in 28 days. Shipping takes 4days and every production run for thiscomponent takes 3 days for anyquantity of circuit boards between1800 and 4200.The Bill of Materials (listing thematerials and quantities required toproduce a single circuit board ordered)is in the table below:QuantityComponent RequiredInputBare printed1boardСарacitor8Op ampResistor4Transistor3.

For making an order of 300 items, Number of circuit boards needed = 1×3000-223=2777 Number of bare…

The current inventory levels and lead times of the input materials needed are shown in the table below: Current Lead Time Material Inventory (days) Circuit board 223 product product Bare printed 121 board |Сарacitor 39857 14 Op amp 638 11 Resistor 10034 3 Transistor 58 4 For the input component that needs to be ordered the soonest (taking into account that some input components may not need to be ordered), how many components need to be ordered to have enough to produce a sufficient number of circuit board products to meet the customer order?

The current inventory levels and lead times of the input materials needed are shown in the table below: Current Lead Time Material Inventory (days) Circuit board 223 product product Bare printed 121 board |Сарacitor 39857 14 Op amp 638 11 Resistor 10034 3 Transistor 58 4 For the input component that needs to be ordered the soonest (taking into account that some input components may not need to be ordered), how many components need to be ordered to have enough to produce a sufficient number of circuit board products to meet the customer order?

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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Concept explainers

Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.

Question

The current inventory levels and lead
times of the input materials needed are
shown in the table below:
Current
Lead Time
Material
Inventory (days)
Circuit board
223
product
product
Bare printed
121
board
|Сарacitor
39857
14
Op amp
638
11
Resistor
10034
3
Transistor
58
4
For the input component that needs to
be ordered the soonest (taking into
account that some input components
may not need to be ordered), how
many components need to be ordered
to have enough to produce a sufficient
number of circuit board products to
meet the customer order?

A company produces and sells
electronic components that are
purchased by computer
manufacturers. The company just
received an order for 3000 circuit
boards that must be delivered to the
customer in 28 days. Shipping takes 4
days and every production run for this
component takes 3 days for any
quantity of circuit boards between
1800 and 4200.
The Bill of Materials (listing the
materials and quantities required to
produce a single circuit board ordered)
is in the table below:
Quantity
Component Required
Input
Bare printed
1
board
Сарacitor
8
Op amp
Resistor
4
Transistor
3.

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