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Greener Pastures Incorporated (GPI) produces a high-quality organic lawn food and weed eliminator called Super Green (SG). Super Green is sold in 50-pound bags. Monthly demand for Super Green is 75,000 pounds. Greener Pastures has capacity to produce 33,000 50-pound bags per year. The setup cost to produce Super Green is $300. Annual holding cost is estimated to be $5.00 per 50-pound bag. Currently, GP is producing in batches of 2,100 bags.(Round your intermediate calculations to 4 decimal places, and your final answer to 2 decimal places.)Calculate the total annual costs of the current operating policy at GPI.Calculate the economic production quantity (EPQ).?bagsYour new company has decided to use a periodic review system. You have learned that average weekly demand is 46 units per week with a standard deviation of 9 units. You believe that your cycle-service level should be 94 percent. Lead time is two weeks. Initially, you believe that you should do a review every Friday.(Round your intermediate calculations and final answers to nearest whole numbers, the tolerance is +/-1.)Determine the required safety stock and the target inventory level.Safety stock = ?unitsTI = ?unitsHow would this procedure change if the cycle-service level needed to be 98 percent?safety stock becomes , and the target inventory becomes What is the impact of changing the review period from every Friday to every other Friday, assuming that the cycle-service level is 93.9 percent?Safety stock = ?unitsTI = ?unitsHealthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates fifty weeks per year and can produce 250,000 pounds per week. The setup cost is $200 and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. Determine what will happen if HP uses the economic production quantity model to establish the quantity produced each cycle.(Round your answers to 2 decimal places, the tolerance is +/-0.01.Do not round your intermediate computations.)(a) Calculate the economic production quantity (EPQ)pounds or bags(b) Calculate the maximum inventory level using the EPQpounds or bags(c) Calculate the total annual cost of using the EPQ(d) Calculate the penalty cost HP is incurring with its current policy
A large bakery buys flour in 25-pound bags. The bakery uses an average of 5 bags a day. The bakery operates 243 days a year
Identify and describe Eastman Kodak's key stakeholders. What is their influence on strategy? Address Kodak's challenge in meeting the needs of shareholders versus stakeholders
Describe each competitor by stating their size, goals, market share, product quality, marketing strategy, and positioning. Please include sources.
Candy Kane Cosmetics (CKC) produces LesliePerfume, which requires chemicals and labor. Two production processes are available. Process 1 transforms one unit of labor and two units of chemicals into three ounces of perfume.
Discuss the three major reasons why companies adopt total quality. Also, discuss the initial key steps are involved in the adoption process.
Assume that you are about to ask your supervisor for a raise. Which communication medium or channel would you use?
Electronincs assembly Inc. operates two 8 hour shifts for 275 days per year. Use this information in the table to determine the capacity requirement.
In this economy customer service has become one of the keys to survival. Using the Internet, do some research about Wal-Mart and McDonald's and their approach to customer service.
Illustrate what are some sources of risk in a systems analysis also design project, also elucidate how does a project manager cope with risk during stages of project management.
Illustrate what percentage of parts will not meet the weight specifications. Within Illustrate what values will 95.44 percent pf sample means of the process fall, if samples of n=16 are taken also the process is in control (random).
If a company pays a PAT member a base wage of $24,000, a PAT incentive bonus of $1 per camera assembled, a $75 quarterly bonus for perfect attendance
Suppose we are ordering computer chips. Suppose that in each order, exactly 10% of all chips are defective. As soon as the order arrives, we ?nd out which chips are defective and return them for a complete refund
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