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Your firm uses a continuous review system and operates 52 weeks per year. One of SKUs has the following characteristics. Demand (D) = 20,000 units/year Ordering Cost (S) = $40/order Holding time (L) = 2 Weeks Cycle-service level = 95 percent Demand is normally distributed, with a standard deviation of weekly demand of 100 units. Current on-hand inventory is 1,040 units, with no scheduled receipts and no backorders. A. Calculate the item EOQ. What is the average time, in weeks, between orders. B. Find the safety stock and reorder point that provide a 95 percent cycle-service level. C. For these policies, what are the annual costs of (i) holding the cycle inventory and (ii) placing orders. D. A withdrawal of 15 units just occurred. Is it time to reorder? If so, how much should be ordered?
identify and discuss the importance of ethics in the workplace. what do you think the business world would be like
Your method uses four actual demand levels, with weights of 0.333 on the present period, 0.25 one period ago, 0.25 two periods ago, and 0.167 three periods ago.
Automobiles arrive at the drive-through window at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate and service times a..
Distinguish between individual barriers and organizational barriers to communication. Explain two examples of each beside those referenced in the textbook.
What do you think will happen to HRM in the future? What do you think of this prediction for HRM? Is it likely to come true? If so, why? If not, why not?
What is the minimum number of cashiers the store must schedule to ensure that lines are not infinitely long? What is the arrival rate for the line?
when considering the three main objectives of integrated change control would you apply these objectives to both
Using a weighted moving average with weights 0.60, 0.30, and 0.10, find the July forecast.
a request has been made of you to provide a description of each model and an explanation of why partnering with these companies would or would not create a conflict within your operations. Provide a detailed analysis of the situation in your busin..
The sellings price is $200. The company wishes to achieve a 5% increase in total factor productivity by reducing the materials cost only ( with labor cost and other remaining constant.) By what percentage must materials cost be reduced to achieve ..
A friend asks your advice on changing his medium-sized company to a more entrepreneurial culture. Recommend initial strategies your friend should use in order to succeed in this change. Discuss strategy you created.
what is the minimum number of service bays fast lube needs to achive an anticipated production of 200 cars per 8 hour day.
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