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You are in charge of inventory control of a highly popular product retailed by your firm using a continuous review system. The firm operates 50 weeks per year. The following information is known about the product: average weekly demand (D) -400 units/week, ordering cost (S) - $40/order, holding cost (H) - $2/unit/year, lead time (L) - 2 weeks. Demand is normally distributed, with a standard deviation of weekly demand of 100 units. a. Suppose the firm orders 800 units each time. What are the average annual costs of holding the cycle inventory? What are the average annual costs of placing orders? b. Calculate the economic order quantity (EOQ). What is the average time, in weeks, between orders if lot size of the EOQ is used? c. Find the safety stock and reorder point that provide a 96.5% cycle-service level. Hint: use standard normal distribution table in page 10
toolscorp corporation is a fictitious company that does not exist anywhere. for the purpose of this course we have
discuss the best way to link your job performance to training strategies. Provide specific examples to support your response.
What is the first goal of national unions? Corporate goal achievement is facilitated or inhibited by how successfully which of the following relations are conducted?
briefly describes the specific human resources concerns (competencies, labor economics, legal & regulatory systems, labor relations & unionization, and cultural norms) for one chosen country and the potential impact of these concerns to an MNC's s..
Explain Non-negativity constraints - restrict the decision variables to zero. restrict the decision variables to positive values
Consider the types of poor driving habits that might occur at a traffic light. Make a list of the 10 you consider most likely to happen. Add the category of "other" to that list.
marketing has forecast that at almost any reasonable price annual demand for a new product will be for 8000 units.
1. identify the potential advantages which you might enjoy in becoming manager of a group of which she has long been a
Computed the forecasting error using the exponential smoothing technique. Computed the forecasting error using the weighted smoothing average method.
the accumulation of accounting data on the basis of the individual manager who has the authority to make day-to-day
One of the techniques used by companies in the late 1800s to discourage union organizing was to create company unions. This case would seem to suggest that nothing about the workplace had changed in over 100 years. What decision do you think the j..
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.
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