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Q. Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 1,800 of item X, which costs $25 each. Storage costs, which comprise insurance and cost of capital, amount to $10 per unit of average inventory. Every time an order is placed for more items X, it costs $14. Required: (a) Whenever item X is ordered, illustrate what should the order size be? (Round your answer to the nearest whole number.) Order size (b) Illustrate what is the Yearly cost for ordering item X? (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Yearly cost for ordering item $ (c) Illustrate what is the Yearly cost for storing item X? (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Yearly cost for storing item $
Find one scholarly journal article reporting on one or more of the following techniques: business/predictive analytics, dashboards, decision support systems, supply chain management.
The solution offers step by step guidance on how to formulate the problem mathematically. It comprises a solution to problem instance using Excel Solver.
On their farm, the Friendly family grows apples that they harvest each fall and make into three products-apple butter, applesauce, and apple jelly. Propose a linear programming model for this problem. Solve the model by using the computer either ex..
If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.
Nancy also revealed a problem with her right wrist. Elucidate what is causing or contributing to the delays in release of information requests.
Compare the supply chain practices of 2 or more different companies in the same industry or similar industries. Should one industry adopt another's superior practices, or are their situations sufficiently different which everyone is already optimi..
Suppose which daily usage is normal also which it has a standard deviation of 1.5 gallons per day. Elucidate what ROP is appropriate if the acceptable risk of a stock out is 2 %.
Assume that you work for a New Zealander company exporting a container of kiwis to Azerbaijan or Haiti. The customs official informs you that there is a delay in clearing your container through customs, and it may last a month
The cost to place also process an order from the supplier is $75. The Corporation operates 300 days per year also the lead time to receive an order from the supplier is 2 working days. Find out the economic order quantity.
Consider your own experiences in working with a team. What was your individual role in this team? Imagine you are the manager of a service desk for a mid-sized company that offers sales and service to external customers. You are interviewing an ap..
Based on this information and wanting to use the low cost strategy, what is the optimal order quantity that Weedandfeed should select for acquiring its Pest-be-gone next year? What is the lowest total cost for each of the two purchase options?
A company produces two products which are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 hours. Propose linear programming model for this problem.
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