Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Inventory Management : Danny Steel Inc., fabricates various products from two basic inputs, bar stock and sheet stock. Bar stock is used at a steady rate of 1,000 units per year and costs $200 per bar. Sheet stock is used at a rate of 500 units per year and cost $150 per sheet. The company uses a 20 percent annual holding cost rate, and the fixed cost to place an order is $50, of which $10 is the cost of placing the purchase order and $40 is the fixed cost of a truck delivery. The variable (i.e. per unit charge) trucking cost is included in the unit price. The plant runs 365 days per year.
a) Compute the optimal order quantities for bar stock and sheet stock.
b) Compute the annual cost (holding plus order) for bar stock and sheet stock in two different situations: I . No chance to share trucks ; II . S heet stock orders always overlap with bar stock orders and there is no trucking cost for sheet stock. (Note: do not consider the unit cost in your calculations).
c) Suppose it is possible to share trucks for bar stock and sheet stock. The manager changed the order interval for bar stock and sheet stock to 14 days and 28 days respectively. Compute the annual cost (holding plus order) based on the new order intervals.
BusinessWeek surveyed students who finished their 30 studies in a master's program (BusinessWeek, September 22 2003). According to this survey, the average annual salary of a woman and a man 10 years after completing their studies is $ 117.000 and $ ..
What are three reasons an arbitrator's decision may not be the final and binding decision? Provide court examples defending your reasons.
The fact that Douglass (1818-1895), Du Bois (1868-1963), and Washington (1856-1915) are still read and their philosophies studied today speaks to the content of their character. How did each man's character contribute to his destiny? How did each man..
Which is the following represents the most effective corporate governance mechanism?
Use regression to estimate the deseasonalized demand in each of the given months. Using these base values, compute a seasonal index for each month.
What is the quantity you would actually order if using the second price category and what is the quantity you would actually order if using the third price category?
Compute the forecasts for each month using exponential smoothing with the initial forecast for January of 1.80. Use .1, then .3, and finally .5. Using MAD, which is best?
Describe authentic leadership and its application
Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks a year. Item cost $80 Standard deviation of weekly demand Order cost $100 25 per week Annual holding cost (%) 10% of item cost L..
Begin by defining Performance Management in your own words. Next, identify three (3) of the performance issues discussed in the assigned readings or that you’ve identified through your independent research. First define each and then discuss the issu..
Explain concept also process of human resource planning. Describe forecasting techniques which are being used in your organization or any organization you are familiar with. Briefly describe organization you are referring to.
As a university master student, you must have been a customer of at least one college admission and evaluation process. Assume a college is trying to use the DMAIC six sigma model to evaluate and improve its admission service. List all the assumption..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd