Introduction To Management Science, Global Edition
13th Edition
ISBN: 9781292263045
Author: Bernard W. Taylor III
Publisher: PEARSON
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Question
Chapter 5, Problem 13P
a)
Summary Introduction
To determine: Formulate mixed integer linear programming.
b)
Summary Introduction
To solve: The solution by using computer.
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a. The average aggregate inventory value of the product if Ruby-Star used vendor 1 exclusively is
$enter your response here. (Enter your response as a whole
number.)
b. The aggregate inventory value of the product if Ruby-Star used vendor 2 exclusively is shown below.
c. How would your analysis change if average weekly demand increased to 160 units per week? The aggregate inventory values are shown below.
a. What order quantity should be used? lures. (Enter your response rounded to the nearest whole number.)
b. What reorder point should be used? (Enter your response rounded to the nearest whole number.)
c. What is the total annual cost for this inventory system? (Enter your response rounded to two decimal places)
Oakwood Hospital is considering using ABC analysis to classify laboratory SKUS into three categories: those that will be delivered daily from their
supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items).
The following table shows the annual dollar usage for a sample of eight SKUS. Fill in the blanks for annual dollar usage below. (Enter your responses
rounded to the nearest whole number.)
SKU Unit Value Demand (units)
Annual
Dollar
Usage
1
$1.10
30,000
$
2
$0.02
125,000
$
3
$0.20
65,000
S
4
$0.02
1,100
SA
5
$1.40
150
SA
678
$4.10
900
$
$0.80
350
$
$0.55
80
EA
$
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Introduction To Management Science, Global Edition
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