To state: The assumptions that will make the EOQ model be applicable. 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.

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Answer 1

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

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IM.54 A growing online retailer sells thousands of items yet has has one specialty product category with just 30 items. They want to classify these thirty items according to the annual dollar volume (revenue) generated by each item. The table below lists each item number, Annual Sales (in units), and Price per unit: Item # Annual Sales Price 1 221 $25.85 2 446 $14.15 3 8,940 $168.19 4 2,965 $15.99 5 1,322 $29.37 6 2,575 $12.77 7 767 $28.43 8 5,803 $163.01 9 2,673 $20.51 10 642 $14.71 11 4,168 $54.53 12 1,881 $22.55 13 2,417 $29.63 14 5,207 $36.41 15 1,381 $20.55 16 9,635 $173.69 17 17,406 $27.07 18 1,573 $25.99 19 6,471 $64.99 20 6,047 $29.83 21 433 $20.89 22 2,279 $53.59 23 15,532 $106.91 24 1,585 $4.09 25 5,376 $65.23 26 2,965 $37.93 27 2,048 $28.51 28 1,174 $22.99 29 381 $5.57 30 2,930 $3.43 Which item in the table above has the highest annual dollar volume? In the answer field below, write the ITEM # that…

IM.84 An outdoor equipment manufacturer sells a rugged water bottle to complement its product line. They sell this item to a variety of sporting goods stores and other retailers. The manufacturer offers quantity discounts per the following discount schedule: Option Plan Quantity Price A 1 - 2,199 $5.00 B 2,200 - 3,699 $4.55 C 3,700+ $3.90 A large big-box retailer expects to sell 9,200 units this year. This retailer estimates that it incurs an internal administrative cost of $235 each time it places an order with the manufacturer. Holding cost for the retailer is $60 per case per year. (There are 52 units or water bottles per case.)Based on this information, and not taking into account any quantity discount offers, what is the calculated EOQ (in units)? (Display your answer to the nearest whole number.) Based on this information, sort each quantity discount plan from left to right by dragging the MOST preferred option plan to the left, and the LEAST preferred option…

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Answer 2

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

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Answer 3

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 6

Chapter 12, Problem 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 57P

a)

Summary Introduction

To state: The assumptions that will make the EOQ model be applicable.

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 training reps to be present in each training group.

Answer 9

b)

Summary Introduction

To determine: The training reps to be present in each training group.

Answer 10

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

Answer 11

c)

Summary Introduction

To determine: The number of training programs to be undertaken each year.

Answer 12

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 13

d)

Summary Introduction

To determine: The number of trained reps who will be present when each training program begins.

Answer 14

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Answer 15

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Answer 16

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Answer 17

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 states the assumptions that will make the EOQ model be applicable. Inventory and supply chain are one of the most important business decision areas for an organization.

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To determine: The training reps to be present in each training group.

To determine: The number of training programs to be undertaken each year.

To determine: The number of trained reps who will be present when each training program begins.

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