Determine the eoq for the material, Supply Chain Management

Problem 1

Aerial Products has produced 100 airframes with the following mix data.  Perform a complete SPC analysis identifying if the process is in control, if the process is capable and identifying the reason the process is out of or in control and is or is not capable.

Problem 2

Using the data from Problem 1 establish a forecast for material for five years where the demand for airframes is (Yr.1 = 200, Yr.2 = 50, Yr. 3 = 100, Yr. 4 = 500 and Yr. 5 = 250).  If the costs for materials fluctuate by 5% per year, establish if purchasing ahead of time is cheaper if storage costs vary by 10% per year, where Year 1 storage costs are $300 for each of the key ingredients.

Problem 3

Based on the results of Problems 1, 2 and 3  determine the EOQ for the material, the amount of safety stock and annual carrying costs based on the data.

 

Posted Date: 3/13/2013 1:33:01 AM | Location : United States







Related Discussions:- Determine the eoq for the material, Assignment Help, Ask Question on Determine the eoq for the material, Get Answer, Expert's Help, Determine the eoq for the material Discussions

Write discussion on Determine the eoq for the material
Your posts are moderated
Related Questions
Explain the sugar supply chain. Sugar Industry in India - brief outline , Types of sugar - Granulated sugar, Regular sugar, Fruit sugar, Superfine and bar sugar, Coarse sugar ;

How do i evaluate the use of a complex models for this title?

I am looking for a solution to a case study : Subcontract Review and Consent by the Government. Main character is Lieutenant Ralph Sliden.


Question 1: Show the objectives of strategic quality management. Describe the stages of strategic quality management process. Meaning of Strategic Quality Management

The business section of the International Herald Tribune carried a story with the headline "Hark! The Herald Angels Sing of Teleconference," (Peter H. Lewis, New York Times Service

Describe the importance of temperature controlled supply chains. Require for Temperature controlled supply chains. Importance of temperature controlled food supply chain - Qual



Question 1: Describe the terminologies used in purchasing of services and goods? A Client, users, sponsors, bidding, tender, contract, purchase order, line managers, buyer,