Measuring shortage in terms of cost per shortage year

Assignment Help Operation Management
Reference no: EM131027505

Suppose that instead of measuring shortage in terms of cost per shortage year, a cost of S dollars is incurred for each unit the firm is short. This cost does not depend on the length of time before the backlogged demand is satisfied. Determine a new expression for TC(q, M), and explain how to determine optimal values q* and M*.

4 For the model developed in this section, determine

a the average length of time it takes to meet demand for a unit.

b the fraction of all demanded units that are back- ordered.

Reference no: EM131027505

Questions Cloud

Define stem cells and distinguish from embryonic stem cells : Stem cell research is a highly controversial topic. It is often made all the more controversial when discussing embryonic stem cell research. Write a three-page research assignment on stem cells. Define stem cells and distinguish from embryonic stem ..
Basic financial ratios : The accounting staff of CCB Enterprises has completed the financial statements for the 2014 calendar year. The statement of income for the current year and the comparative statements of financial position for 2014 and 2013 follow.
Analyze the pros and cons of social contract theory : For thousands of years, philosophers have pondered the perfect society. Write a three-page research assignment on the social contract. In this assignment, you need to: Research the social contract. Provide a brief history of social contract theory. A..
Prepare a multiple-step income statement : In its income statement for the year ended December 31, 2014, Gavin Company reported the following condensed data . Salaries and wages expense $465,000 Loss on disposal of plant assets $83,500 Cost of goods sold 987,000 Sales revenue
Measuring shortage in terms of cost per shortage year : Suppose that instead of measuring shortage in terms of cost per shortage year, a cost of S dollars is incurred for each unit the firm is short. This cost does not depend on the length of time before the backlogged demand is satisfied. Determine a new..
How easy or difficult it was to locate ptsd resources : In one paragraph, describe how easy or difficult it was to locate PTSD resources and services in your region. How long did you have to go to find something appropriate? Did you discover any local services that you would recommend to this patient
Discharge performance and agreement : BUSINESS LAW - Discharge performance, agreement, breach and frustration.
Managing the risk of value chain outage : Describe what would happen to a company’s value chain if all electronic devices and systems suddenly were unavailable and an expected time for resolution time is unknown. How might a company prepare for and manage the risk associated with potential o..
What will total safety stock levels be for configuration : A manufacturer sells a product in two regions. Weekly demand in each region is Normally distributed with mean 1,000 and standard deviation 300. Lead time is one week. What will the total safety stock levels be for each configuration?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Illustrate what is utilization of plant

Over past week, plant has rendered an average of 7.3 tons per day because third shift has devoted much of ir time to preventive maintenance. Illustrate what is utilization of plant.

  Decisions on how to improve menus and profitability

Applebee's is the largest casual dining chain in the world, with over 1800 locations throughout the U.S. and also in 20 other countries. The menu features beef, chicken, and pork items, as well as burgers, pasta, and seafood. What pieces of data woul..

  Identify peoples needs and wants worldwide

whereas others believe that the role of marketing is to identify people's needs and wants worldwide, irrespective of the economy. What do you believe, and why?

  Provide an example of how company culture

Provide an example of how company culture can impact the project cost estimate and how cost estimation is impacted by project risk?

  Incorporate videos-white- boards-powerpoint

What if you were asked to incorporate videos, white- boards, PowerPoint and handouts in your training, in their order of importance to you, which would be first? Second? Third? What questions might you ask before you made a decision?

  Best describes constructive feedback

Which of the following best describes constructive feedback?

  When using the existing material-the expected monetary value

Mr. Hess of California Windows, Inc. is considering making a change in the material the firm uses for panes in its residential window line. The new material has a slight mirror attribute that assists in reflecting ultra-violet light and restricts the..

  Write exponential distribution which describes interval time

time between arrivals at state revenue office is exponential with mean value .05 hour. Office opens at 8:00am. Write exponential distribution which describes interval time.

  As a result more and more flights are delayed even beneath

airport delays occur because airport capacity is a scarce resource and airlines are scheduling more flights than that

  What role should external factors of demand play

What role should external factors of demand play in successful business models? NOTE: first fully define the role and then analyze or discuss. At least 4 paragraphs.

  Differences between offensive-defensive positioning strategy

Describe the differences between an offensive and defensive positioning strategy in full descriptive detail. Provide an application example.

  What is important to you in terms of your personal work

What is important to you in terms of your personal work motivation? How do the things that motivate you fit with Starbucks' approach to motivating partners?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd