Consider the following inventory control schedule or plan and then answer questions accordingly.Given Information:Orderd Quantity = 1500 unitsreprder point = 470 units%3DMake sure you place an order at the end of the dayLead time is 2 days ( it takes 2 days to receive any order you may place)DayMonday Tuesday Wednesday ThursdayOrderStartinginventoryDemand1000500200EndingInventoryWhat is the ending Inventory at the end of Thursday?300 units470 units770 units1800 units

Starting inventory on Monday = 1000 Demand on Monday = 500

Answered: What is the ending Inventory at the end…

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...

See similar textbooks

Similar questions

The option attempts to absorb the demand fluctuations is : Capacity option Demand option
The total inventory carrying cost = $enter your response here. (Enter your response as a whole number.)
Inventory Problem at Three Spoons Market Randy is the owner of Three Spoons Market. Three Spoons Market is an upscale tapas restaurant in a town of about 200,000 people. According to both Yelp and Trip Advisory, it is the highest restaurant in town. Randy had been having trouble with inventory management (he runs out some items while others go bad) and has brought you in as a consultant to help, due your background in inventory management. The menu at the restaurant changes monthly, and there are daily specials. Randy follows what other restaurant Owners are doing to improve their bottom line-he reads trade publication and online blogs. He also tries to keep up with trends in other industries that may help him manage better. He recently read about the success small-jobs have had with many managing inventory as A,B or C. As Randy thinks about his business, it is really a job shop, since food is prepared after the consumer orders from the menu. The food is prepared to customer tastes and…
What is the purpose of carrying safety stock? Under what circumstances would you carry high/low safety stock?
What Companies Use JIT Inventory Management?
I. The Northridge Company tends to keep the inventory low. At the same time, it is important to respond to demand quickly, since a customer who wants a product K is very likely to get one from a competitor if Northridge Company doesn't have one available immediately. Northridge Company's current policy to produce the product K is to produce 100 per week, which is the average demand. Even this is a problem, as the production manager has pointed out, since the equipment is also used for other products and the lot size of 300 would be much more efficient. He said he is currently set up the production for product K for the next week and states that he has capacity available to produce 300 at a time next week. The following lists the forecasts and actual customer orders for the next 12 weeks. Week Forecast Customer Orders 1 2 3 90 120 110 105 97 93 4 5 6 7 8 80 110 85 95 100 90 72 98 72 53 21 17 9 10 11 90 100 6 2 12 110 5 The president of Northridge Company has said that he wants to…
If economic order quantity is 2,500 units and consumption in units for one year are 15,000 units, then number of orders in a year will be: a. 10 orders b. 5 orders c. 12 orders d. 6 orders
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).
Services differ from goods in that I. A service is a tangible process II. A service is an intangible process III. Services can be stored IV. Services cannot be stored V. Services are perishable and time-dependent Option IV and V Option II and IV Option II, IV, and V Option I and III

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

What is the ending Inventory at the end of Thursday? 300 units 470 units 770 units 1800 units