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Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost $ 8.00 Standard deviation of weekly demand 20 per week Order cost $ 223.00 Lead time 4 weeks Annual holding cost (%) 28 % of item cost Service probability 99 % Annual demand 27,400 Average demand 548 per week
a. Determine the order quantity and reorder point. (Round your answers to the nearest whole number.)Optimal order quantity unitsReorder point unitsb. Determine the annual holding and order costs. (Round your answers to 2 decimal places.)Holding cost $Ordering cost $
c. If a order cost can be reduced by $55 per order by purchasing quantities of 2,600 or more, what will be the annual savings? (Round your answer to 2 decimal places.)Annual savings $
describe how much investment also debt to undertake during the next yr. Each dollar invested reduces the NPV of my organization by 10 cents also each dollar of debt increases the NPV by 50 cents.
What is the impact to quality What is the impact to the schedule Prepare a two page executive summary of your finding, not to exceed 500 words, addressing the key points of your research.
A firm is planning to conduct a study on the quality dimensions of its products and wants to determine the sample size required to estimate the process mean with a sampling error of at most 0.1 at a 90 percentage confidence level.
Explain how could a road map enhance the ability of the organization to achieve its ethical also regulatory compliance goals.
Bunny Helpers, Inc. has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of Week 6. An MRP planner has prepared the following table showing product structure.
Given the EMPLOYEE able defined below, create a row-level trigger to prevent an insert of a record for an new employee in the MIS department with a salary
Your business, a closely held corporation with 4 other shareholders, is in serious financial trouble. A lender has suggested that it might provide lending if you could reduce your current debt load by 50%.
Management wants each employee to learn several jobs so that the production group can be more flexible. Describe one type of reward system that would best motivate employees to learn several jobs and identify a potential disadvantage of this rewar..
Consider the figure above and assume that the title search time has changed to 60 minutes. Based on the new data, determine the following
Supposed the objective function is changed to, do you need to re-graph the feasible region of this LP. Why. Illustrate what is the solution for the new LP.
Construct a c-chart for test errors, and set the control limits to contain 99.73% of the random variation in test scores. What does the chart tell you? Has the new math program been effective?
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows
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