EBK PRODUCTION AND OPERATIONS ANALYSIS
7th Edition
ISBN: 9781478628385
Author: Olsen
Publisher: WAVELAND PRESS (ECONTENT)
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Chapter 10.6, Problem 22P
a.
Summary Introduction
Interpretation: The load profiles for RAM and permanent storage are to be computed assuming the
Concept Introduction: Resource loading is a method of allocating manpower, equipment and materials required for completion of a project.
B.
Summary Introduction
Interpretation: The load profiles for RAM and permanent storage are to be computed assuming the schedule depicted by the Gantt chart.
Concept Introduction: Resource loading is a method of allocating manpower, equipment and materials required for completion of a project.
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Sam's Pet Hotel operates 51 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.00 per bag.
The following information is available about these bags:
> Demand
95 bags/week
> Order cost $52.00/order
> Annual holding cost = 25 percent of cost
> Desired cycle-service level = 80 percent
>Lead time 4 weeks (24 working days)
> Standard deviation of weekly demand = 15 bags
> Current on-hand inventory is 320 bags, with no open orders or backorders.
a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only 75 bags per week. How much higher will total
costs be, owing to the distorted EOQ caused by this forecast error?
The costs will be $
higher owing to the error in EOQ. (Enter your response rounded to two decimal places.)
Sam's Pet Hotel operates 50 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag.
The following information is available about these bags:
> Demand = 95 bags/week
> Order cost = $55.00/order
> Annual holding cost = 35 percent of cost
> Desired cycle-service level = 80 percent
> Lead time = 4 weeks (24 working days)
> Standard deviation of weekly demand = 15 bags
> Current on-hand inventory is 320 bags, with no open orders or backorders.
a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only 75 bags per week. How much higher will total
costs be, owing to the distorted EOQ caused by this forecast error?
The costs will be $ 10.64 higher owing to the error in EOQ. (Enter your response rounded to two decimal places.)
b. Suppose that actual demand is 75 bags but that ordering costs are cut to only $13.00 by using the internet to automate order placing. However, the buyer
does…
Chapter 10 Solutions
EBK PRODUCTION AND OPERATIONS ANALYSIS
Ch. 10.2 - Prob. 1PCh. 10.2 - Prob. 2PCh. 10.2 - Prob. 3PCh. 10.2 - Prob. 4PCh. 10.2 - Prob. 5PCh. 10.2 - Prob. 6PCh. 10.3 - Prob. 7PCh. 10.3 - Prob. 8PCh. 10.3 - Prob. 9PCh. 10.3 - Prob. 10P
Ch. 10.4 - Prob. 11PCh. 10.4 - Prob. 12PCh. 10.4 - Prob. 13PCh. 10.4 - Prob. 14PCh. 10.4 - Prob. 15PCh. 10.4 - Prob. 16PCh. 10.5 - Prob. 17PCh. 10.5 - Prob. 18PCh. 10.5 - Prob. 19PCh. 10.5 - Prob. 20PCh. 10.5 - Prob. 21PCh. 10.6 - Prob. 22PCh. 10.6 - Prob. 23PCh. 10.6 - Prob. 24PCh. 10.6 - Prob. 25PCh. 10 - Prob. 26APCh. 10 - Prob. 27APCh. 10 - Prob. 28APCh. 10 - Prob. 29APCh. 10 - Prob. 30AP
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