The number of desks to be ordered. Inventory and supply chain models: The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

Question

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Answer 1

Question

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The number of orders to be placed each year.

c)

Summary Introduction

To determine: The total annual costs.

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

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The average completion time (flow time) for the sequence developed using the FCFS rule = 11.75 days (round your response to two decimal places). The percentage utilization for the sequence developed using the FCFS rule = 42.55 % (enter your response as a percentage rounded to two decimal places). b) Using the SPT (shortest processing time) decision rule for sequencing the jobs, the order is (to resolve a tie, use the order in which the jobs were received): An Alabama lumberyard has four jobs on order, as shown in the following table. Today is day 205 on the yard's schedule. In what sequence would the jobs be ranked according to the decision rules on the left: Job Due Date A 212 B 209 C 208 D 210 Duration (days) 6 3 3 8 Sequence 1 Job B 2 3 4 A D The average tardiness (job lateness) for the sequence developed using the SPT rule = 5.00 days (round your response to two decimal places). The average completion time (flow time) for the sequence developed using the SPT rule = 10.25 days…

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Answer 2

Question

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The number of orders to be placed each year.

c)

Summary Introduction

To determine: The total annual costs.

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The number of orders to be placed each year.

c)

Summary Introduction

To determine: The total annual costs.

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The number of orders to be placed each year.

c)

Summary Introduction

To determine: The total annual costs.

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

b)

Summary Introduction

To determine: The number of orders to be placed each year.

c)

Summary Introduction

To determine: The total annual costs.

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Answer 6

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

Answer 7

Chapter 12, Problem 40P

a)

Summary Introduction

To determine: The number of desks to be ordered.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

Answer 8

b)

Summary Introduction

To determine: The number of orders to be placed each year.

Answer 9

b)

Summary Introduction

To determine: The number of orders to be placed each year.

Answer 10

c)

Summary Introduction

To determine: The total annual costs.

Answer 11

c)

Summary Introduction

To determine: The total annual costs.

Answer 12

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

Answer 13

d)

Summary Introduction

To determine: The reorder point when the lead time is 5 weeks.

Answer 14

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Answer 15

e)

Summary Introduction

To determine: The change in the number of desks per order and the number of orders per year.

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 12.4 - Prob. 1P Ch. 12.4 - Prob. 2P Ch. 12.4 - Prob. 3P Ch. 12.4 - Prob. 4P Ch. 12.4 - Prob. 5P Ch. 12.4 - Prob. 6P Ch. 12.4 - Prob. 7P Ch. 12.4 - Prob. 8P Ch. 12.4 - Prob. 9P Ch. 12.4 - Prob. 10P

Solution Summary: The author explains that inventory and supply chain are one of the most important business decision areas for an organization.

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To determine: The number of orders to be placed each year.

To determine: The total annual costs.

To determine: The reorder point when the lead time is 5 weeks.

To determine: The change in the number of desks per order and the number of orders per year.

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Chapter 12 Solutions