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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Please provide detailed solutions to the following problems/exercises (4 problems/exercises x 9 points each): 1) View the video ON Unveils ‘Lightspray’ Technology (4.55 mins, Ctrl+Click in the link), and The Secret of Lightspray (8.27 mins, Ctrl+Click in the link), answer the following questions: https://www.youtube.com/watch?v=wjmeaC-wlZs a) What is new about the design of ON’s shoes? b) How will ON’s new manufacturing technique affect location planning for footwear firms? c) How does ON focus on it sustainability strategy? Note: As a rough guideline, please try to keep the written submission to one or two paragraphs for each of the questions. 2) Unimed Hospital currently processes patient admissions through three admitting clerks who are set up to work in series, with respective reliabilities of 0.96, 0.95, and 0.90 (see figure below). a) Find the reliability of the current admission process. Due to rising patient complaints, the hospital administrator, Chimeg…

3) A startup firm, Pocket International, has come up with a tiny programmable computer, NerdCom Mini Air, that sells for $49.99. The firm estimates that the programmable computers have an expected life that is exponential, with a mean of 24 months. The firm wants to estimate the probability that the NerdCom Mini Air will have a life that ends: a) after the initial 24 months of service. b) before the 24 months of service is completed. c) not before 48 months of service. Note: You could work out the problem by hand or use excel; in chapter 4S, section 4S.2 of the Stevenson text, reliability (finding the probability of functioning for a specified length of time) is covered with examples; chapters 4 & 4S Stevenson lecture power point slides 33 to 38 (chapters 4 & 4S lecture: 32.30 mins to 38.56 mins) cover reliability over time with examples.

Discuss how training and development programs can be best presented to ultimately change the behavior of employees, often without their knowledge or awareness.

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.

Concept explainers

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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