What is the optimal objective value

Assignment Help Operation Management

Reference no: EM13781941

1. The weekly demand of a product is 200 units on average and the order lead time is 2 weeks. How many kanbans are needed at a single location when we set the smoothing factor to 1.2?

480

960

400

Cannot be determined

2. The objective of EOQ model is to:

Calculate the reorder point, so that replenishments take place at the proper time

Maximize customer service level

Minimize total inventory holding cost in a year

Minimize the sum of annual purchasing, setup, and inventory holding costs

3. Suppose the standard deviation of demand is 6 units per week and demand is 30 units per week on average. If the order lead time is 1 week and the desired service level is 95%, how much safety stock should we hold using the continuous review model? Find the closest value.

4. Suppose a maximization LP problem has the following four corner points: (0, 0), (10, 0), (5, 5), and (0, 7). If the objective function is X+ 2Y, what is the optimal objective value?

Reference no: EM13781941

Questions Cloud

What would ready-to-wear clothing lines be an example : Louis Vuitton was founded in 1854 and opened its first workshop in 1860 in the Paris suburb of Aspires. Work at Aspires is still done by hand, and many current models are closely based on the original designs that made Vuitton a fashion icon. Workers..

Problemes based on business ethics : Nozick seems to think much of what Rawls's theory would require is actually unjust re-distribution. What is Nozick's argument to this conclusion? Is he right?

Suppose that the functions p and q are defined : Suppose that the functions p and q are defined as follows. p(x)^2+6 q(x)=√x+1

Describe why ethics and confidentiality play integral role : How the process will need to be altered for various special populations, Potential clients in need of case management at both settings, Why ethics and confidentiality play an integral role when working with clients

What is the optimal objective value : The weekly demand of a product is 200 units on average and the order lead time is 2 weeks. How many kanbans are needed at a single location when we set the smoothing factor to 1.2? Suppose a maximization LP problem has the following four corner point..

Childhood trauma have impact on happiness as an adult : Would you choose to use an experimental method or a correlational methodto study this topic? Describe how you would carry out your study. In other words, state exactly what you would do in your study.

A sailboat is 3 miles directly west of a lighthouse : A sailboat is 3 miles directly west of a lighthouse. If the sailboat sails at an average rate of 10mph in the direction S30ºW, find its distance from the lighthouse at the end of 30 minutes.

Used as part of the new operations competitive strategy : First student's hospital had to declare bankruptcy. A new CEO has been hired who has a reputation for her strategic leadership ability and she quickly develops a strategic plan to reorganize the operations function. Discuss how supply chain managemen..

Religion based on the practices of the ancient celts : On the night of the first Tuesday of every month, the accounting firm of Jones & Smith holds an "update session" for junior partners. This session is designed to keep accountants up-to-date on various changes in statues, regulations, and rules that i..

User Account

All Pages