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Modern Furniture Stores sells modern coffee tables. The expected demand for next months is 500 coffee tables. Tables are handmade in Seattle. The cost of ordering a set of tables is $500. In addition the average cost of storing a coffee table is $150. The time between placing an order and receiving it at the store is 5 days. Finally daily standard deviation for the demand is estimated as 0.5 tables per day. a. Find the reordering point. b. What would be the safety stock required for a 95% customer service level? c. What would be the yearly cost of carrying the safety stock during the year? d. What would be the new reorder point? The manufacturer offers the following purchasing options: Units Price 0-99 1,000 100-299 950 300-499 900 500-999 850 1000+ 800 a. Find the order quantity that minimizes total cost. b. Find the new total inventory cost (include safety stock). c. Find the new inventory turnover. d. Find the new inventory cycle.
Robert- Peter is developing a program in leadership training for middle level managers of Peter Holding. Robert has listed a number of activities which must be completed before a training program of this nature could be conducted. Illustrate what ..
When the clears are ready to process another tub of mail, they will pull the tub from the canceling machine area. How many tubs should circulate between the sorting clerks and the cancleing machine if 90,000 letters are to be sorted during an 8-ho..
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For this assignment, you must submit a memo consisting of 900-1,300 words in which you discuss your experience using the 3 decision-making models.
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