EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
10th Edition
ISBN: 9780134183848
Author: HEIZER
Publisher: PEARSON CO
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Question
Chapter 12, Problem 53P
a)
Summary Introduction
To determine: The cost of underestimating the demand.
Introduction: Inventory management is the process of ordering, storing and using inventory of the company such raw material, components and finished goods. It governs the flow of goods from manufacturers to warehouse and to the point of sale. The key function is to maintain record of flow of new or returned products which enters or leaves the company.
b)
Summary Introduction
To determine: The overage cost per program.
c)
Summary Introduction
To determine: The number of programs to be ordered per game.
d)
Summary Introduction
To determine: The stock out risk for the order size.
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University of Florida football programs are printed 1 week prior to each home game. Attendance averages
90,000
screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for
$5
each. Unsold programs are sent to a recycling center that pays only
10
cents per program. The standard deviation is
5,000
programs, and the cost to print each program is
$2.
Refer to the
standard normal table
for z-values.
Part 2
a) What is the cost of underestimating demand for each program?
Cs=$________
(round your response to two decimal places).
Part 3
b) What is the overage cost per program?
Co=$_______
(round your response to two decimal places).
Part 4
c) How many programs should be ordered per game?
________
programs should be ordered per game (round your response to the nearest whole number).
Part 5
d) What is the stockout risk for this order size?
Stockout
risk=________
(round your response to four decimal places).
University of Florida football programs are printed 1 week prior to each home game. Attendance averages 90,000
screaming and loyal Gators fans, of whom two-thirds usually buy the program, following a normal distribution, for $5
each. Unsold programs are sent to a recycling center that pays only 10 cents per program. The standard deviation is
5,000 programs, and the cost to print each program is $1. Refer to the standard normal table for z-values.
a) What is the cost of underestimating demand for each program?
Cs = $
(round your response to two decimal places).
b) What is the overage cost per program?
= $ (round your response to two decimal places).
c) How many programs should be ordered per game?
programs should be ordered per game (round your response to the nearest whole number).
d) What is the stockout risk for this order size?
Stockout risk =
(round your response to four decimal places).
I need help with D please
Chapter 12 Solutions
EP PRIN.OF OPERATIONS MGMT.-MYOMLAB
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Ch. 12 - Prob. 10DQCh. 12 - Prob. 11DQCh. 12 - Explain the following: All things being equal, the...Ch. 12 - Prob. 13DQCh. 12 - Prob. 14DQCh. 12 - Prob. 15DQCh. 12 - When demand is not constant, the reorder point is...Ch. 12 - Prob. 17DQCh. 12 - State a major advantage, and a major disadvantage,...Ch. 12 - L. Houts Plastics it a large manufacturer of...Ch. 12 - Prob. 2PCh. 12 - Jean-Mane Bourjollys restaurant has the following...Ch. 12 - Lindsay Electronics, a small manufacturer of...Ch. 12 - William Sevilles computer training school, in...Ch. 12 - Prob. 8PCh. 12 - Prob. 9PCh. 12 - Matthew Liotines Dream Store sells beds and...Ch. 12 - Southeastern Bell stocks a certain switch...Ch. 12 - Lead time for one of your fastest-moving products...Ch. 12 - Annual demand for the notebook binders at Duncans...Ch. 12 - Thomas Kratzer is the purchasing manager for the...Ch. 12 - Joe Henrys machine shop uses 2,500 brackets during...Ch. 12 - Prob. 16PCh. 12 - Prob. 17PCh. 12 - Prob. 18PCh. 12 - Prob. 19PCh. 12 - Prob. 20PCh. 12 - Cesar Rego Computers, a Mississippi chain of...Ch. 12 - Prob. 22PCh. 12 - Prob. 23PCh. 12 - Prob. 24PCh. 12 - Prob. 25PCh. 12 - M. P. VanOyen Manufacturing has gone out on bid...Ch. 12 - Chris Sandvig Irrigation, Inc., has summarized the...Ch. 12 - Prob. 28PCh. 12 - Prob. 29PCh. 12 - Prob. 30PCh. 12 - Barbara Flynn is in charge of maintaining hospital...Ch. 12 - Prob. 42PCh. 12 - Authentic Thai rattan chairs (shown in the photo)...Ch. 12 - Prob. 44PCh. 12 - Prob. 45PCh. 12 - Prob. 46PCh. 12 - Prob. 47PCh. 12 - Gainesville Cigar stocks Cuban agars that have...Ch. 12 - A gourmet coffee shop in downtown San Francisco is...Ch. 12 - Prob. 51PCh. 12 - Henrique Correas bakery prepares all its cakes...Ch. 12 - Prob. 53PCh. 12 - Prob. 1.1CSCh. 12 - Prob. 1.2CSCh. 12 - Prob. 1.3CSCh. 12 - Prob. 2.1CSCh. 12 - Prob. 2.2CSCh. 12 - Prob. 2.3CSCh. 12 - Managing Inventory at Frito-Lay Frito-Lay hat...Ch. 12 - Prob. 1.2VCCh. 12 - Prob. 1.3VCCh. 12 - Prob. 1.4VCCh. 12 - Prob. 1.5VCCh. 12 - Prob. 1.6VCCh. 12 - Managing Inventory at Frito-Lay Frito-Lay hat...Ch. 12 - Inventory Control at Wheeled Coach Controlling...Ch. 12 - Prob. 2.2VCCh. 12 - Inventory Control at Wheeled Coach Controlling...
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