Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
10th Edition
ISBN: 9780134181981
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter 14, Problem 23P
Data Table for Problems 14.22 through 14.25*
* Holding cost = $2.50 Unit/week setup cost = $150; lead time = 1 week; beginning inventory = 40; stockout cost = $10.
••• 14.23 Develop an EOQ solution and calculate total relevant costs for the data in the preceding table.
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Problem 1
The following information applies to the City View Restaurant.
May 1 Food inventory value:
$73,480 bnl
de
May 31 Food inventory value:
$77,550
bonen
Cost of food used during May
$386,410
1. What is the inventory turnover rate for food products for the City View Restaurant?
2. What does the answer (inventory turnover ratio) in question 1 mean?
• What is the Reorder Point (ROP)?
• What is the fill rate?
What is the average inventory?
• What is the average flow time?
Given Data:
Coefficient of variation (CV) = 0.24
Average weekly demand = 540 units
Standard deviation = 130 units
Lead time=2
Lot size = 1641
Safety inventory:
NORMSINV(0.95)
= 1.64
Standard deviation * sqrt(2) * 1.64
130*√√2*1.64
301.51 301
= 301 units
2.
Chapter 14 Solutions
Principles of Operations Management: Sustainability and Supply Chain Management (10th Edition)
Ch. 14 - Ethical Dilemma For many months your prospective...Ch. 14 - What is the difference between a gross...Ch. 14 - Prob. 2DQCh. 14 - What are the similarities between MRP and DRP?Ch. 14 - How does MRP II differ from MRP?Ch. 14 - Which is the best lot-sizing policy for...Ch. 14 - What impact does ignoring carrying cost in the...Ch. 14 - MRP is more than an inventory system; what...Ch. 14 - What are the options for the production planner...Ch. 14 - Master schedules are expressed in three different...
Ch. 14 - What functions of the firm affect an MRP system?...Ch. 14 - Prob. 11DQCh. 14 - Prob. 12DQCh. 14 - Prob. 13DQCh. 14 - Prob. 14DQCh. 14 - As an approach to inventory management, how does...Ch. 14 - Prob. 16DQCh. 14 - Use the Web or other sources to: a) Find stories...Ch. 14 - Prob. 18DQCh. 14 - Prob. 19DQCh. 14 - You have developed the following simple product...Ch. 14 - You are expected to have the gift bags in Problem...Ch. 14 - Prob. 3PCh. 14 - Your boss at Xiangling Hu Products, Inc., has just...Ch. 14 - The demand for subassembly S is 100 units in week...Ch. 14 - Prob. 6PCh. 14 - Prob. 7PCh. 14 - Prob. 8PCh. 14 - Prob. 9PCh. 14 - Prob. 10PCh. 14 - Prob. 11PCh. 14 - Prob. 12PCh. 14 - Prob. 13PCh. 14 - Prob. 14PCh. 14 - You are product planner for product A (in Problem...Ch. 14 - Prob. 16PCh. 14 - Heather Adams, production manager for a Colorado...Ch. 14 - Prob. 22PCh. 14 - Data Table for Problems 14.22 through 14.25 ...Ch. 14 - Develop a POQ solution and calculate total...Ch. 14 - Using your answers for the lot sizes computed in...Ch. 14 - M. de Koster, of Rene Enterprises, has the master...Ch. 14 - Grace Greenberg, production planner for Science...Ch. 14 - Prob. 29PCh. 14 - Prob. 30PCh. 14 - Courtney Kamauf schedules production of a popular...Ch. 14 - Using the data for the coffee table in Problem...Ch. 14 - Prob. 1.1VCCh. 14 - Prob. 1.2VCCh. 14 - Prob. 1.3VCCh. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - MRP at Wheeled Coach Wheeled Coach, the worlds...Ch. 14 - Prob. 2.3VC
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