عنوان الدرسالتاريخThe firm manufactures photocopying machines andthe production plant requires 3317 otters every year.for ordering each.The inventeryThe supplier claims OAR 70,4and each rotter costOMR 26-6imecarrlyingcost is estimated tobe42.25 % ofpurchasecost.Cateutate åA) Inventory carrying costB) Economic Or dering Puantity) Optimumorder interval in daysD) Av erage inventory_at_anytimetimeE) storge costanyf) Minimum tetal inventory cost per year

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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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The Always Fresh Grocery Store carries a particular brand of tea that has the following characteristics:Sales = 8 cases per week Ordering cost = $10 per order Carrying charge = 20 percent per year Item cost = $80 per casea. How many cases should be ordered at a time?b. How often will tea be ordered?c. What is the annual cost of ordering and carrying tea?d. What factors might cause the firm to order a larger or smaller amount than the EOQ?
Each year The Carpenters sell 2300 units of a product at a price of P630.25 each. The variable cost per unit is P392 and the carrying cost per unit is P167.50. The fixed cost of ordering is P78.50. 2.1 What is the economic order quantity (whole number)? 2.2 How much are the total ordering costs (nearest hundredths)?
OP = DDLT + SS Demand is 300 units a week, lead time is 3 weeks, and safety stock is 200 units. Calculate the order point? 900 1000 1100 1200
Why do we use "Specifications or bill of material" in the dependent inventory model?
1. Maxmin Trading Company buys 1,000 pcs of chair per month. The cost per chair is Php500 and ordering cost is Php400. The inventory carrying cost is estimated at 10% of the price of the chair. Determine the EOQ.
11.7 For an SKU, the standard deviation of demand during the lead time is 150 units, the annual demand is 10,000 units, and the order quantity is 750 units. Management says it will tolerate only one stockout per year. What safety stock should be carried? What is the average inventory? If the lead time is 2 weeks, what is the order point?
For a particular SKU, the lead time is 6 weeks, the average demand is 90 units aweek, and safety stock is 200 units. What is the average inventory if 10 weeks’ supply is ordered at one time? What is the order point?
Jean-Ma rie Bourjolly's restau rant has the followinginventory items that it orders on a weekly basis: a) Which is the most expensive item, using annual dollar volume?b) Which are C items?c) What is the annual dollar volume for all 20 items?
1. Michael Traci, the new inventory manager at Magyar Golf Supplies, is considering using the economic order quantity for controlling inventory. He wants you to apply the EOQ to a sample product, the Super-Z Wedge. The Super-Z Wedge has an average demand of 30 units/period with an ordering cost of $30/order. The cost of carrying a Super-Z Wedge in inventory is $2.00/unit/ period. No safety stock is carried for this item. a. Calculate the economic order quantity. b. Calculate the average cycle stock for this item using the order quantity in question a. c. Assuming there are 12 periods per year, calculate total cost per year.
Q1/ Company produced 700 pieces of ceiling fius per year, the order cost is 1400S, the shortage cost is 15% of order cost and the inventory holding cost is two dollars per item per year. Find 1. Shortage allowable quantity. 2. to. 3. Number of ordering during the year.
a) c) If the production rate of processing the product is 30000 per year and the set up cost per set up is $300 and the product is allowed to sell during production. The maintenance department of a large hospital uses about 11000 cases of liquid cleanser annually. Ordering cost is $35, carrying cost per unit is 20 percent of the prices of a case, and the new price schedule indicates that orders of less than 200 cases will cost $80 per case, 200 to 299 cases will cost $78 per case, 300 to 399 cases will cost $76 per case, and orders larger than 399 will cost $75 per case.i. Determine the optimal order quantity for each of the rangesii. Determine the optimal total cost per year for each of the ranges.iii. Determine the minimal total cost solution to the problem.
03) Halifax Souvenir Company currently orders 500 units four times each year. Each order costs $12 and each unit costs $1.20 per year to carry. On average, it takes 5 days to receive an order from the supplier. The company operates 250 days per year. Required: 1. What is the EOQ? 2. Calculate total annual inventory cost under EOQ. 3. What is the current inventory cost? 4. What is the re-order point?

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