Introduction to Management Science (12th Edition)
12th Edition
ISBN: 9780133778847
Author: Bernard W. Taylor III
Publisher: PEARSON
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Question
Chapter 5, Problem 6P
a)
Summary Introduction
To determine: Formulate integer linear programming.
b)
Summary Introduction
To solve: The solution by using computer.
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Students have asked these similar questions
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
mearest whole number.)
Annual
SKU Unit Value Demand (units) Dollar
Usage
1
$1.50
200
2
$0.02
120,000
$
3
$1.00
40,000
$
4
$0.02
1,200
5
$4.50
700
6
$0.20
60,000
7
$0.90
350
8
$0.45
80
A part is produced in lots of
1,000
units. It is assembled from 2 components worth
$30
total. The value added in production (for labor and variable overhead) is
$30
per unit, bringing total costs per completed unit to
$60
The average lead time for the part is
7
weeks and annual demand is
3800
units, based on 50 business weeks per year.
Part 2
a. How many units of the part are held, on average, in cycle inventory?
enter your response here
units
assume the initial inventory has no holding cost in the first period and back orders are not permitted.
Allocating production capacity to meet demand at a minimum cost using the transportation method. What is the total cost? ENTER your response is a whole number
(answer is not $17,000. That was INCORRECT)
Chapter 5 Solutions
Introduction to Management Science (12th Edition)
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- The S&OP team at Kansas Furniture, led by David Angelow, has received estimates of demand requirements as shown in the table. Assuming one-time stockout costs for lost sales of $100 per unit, inventory carrying costs of $20 per unit per month, and zero beginning and ending inventory, evaluate the following plan on an incremental cost basis: Plan A: Produce at a steady rate (equal to minimum requirements) of 1,100 units per month and subcontract additional units at a $65 per unit premium cost. Subcontracting capacity is limited to 800 units per month. (Enter all responses as whole numbers). Ending Month Demand Production Inventory Subcontract (Units) 1 July 1300 1,100 0 2 August 1150 1,100 0 3 September 1100 1,100 0 4 October 1600 1,100 0 5 November 1900 1,100 0 6 December 1200 1,100 0arrow_forwardPlease help me expand upon my research even more in detail please. Need help added more to mine from the photos please. Not sure what more I can add.arrow_forwardHow can HR proactively help ensure that other departments are operating in a legally acceptable manner? Answers Deliver interdepartmental training on legal compliance and requirements. Discuss potential sources of risk with an attorney and create a plan to respond to lawsuits. Ensure that all HR members are watching the conduct of other departments and report infractions to the head of HR. Record improper conduct from various employees throughout the organization and pursue disciplinary measures.arrow_forward
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