(a) How many TV sets should be sent from each of the warehouses to each of the stores in order to minimize cost? (b) What is the minimum cost?
Q: Item X is a standard item stocked in a company's inventory of component parts. Each year the firm,…
A: Demand(D) = 2600 Costs(C) = $25 Holding cost(H) = $7 Setup cost(S) = $26
Q: Problem 2 The AB manufacturing company has two kinds of products: A and B. They earn $180 profit for…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: QUESTION 3 a. A manufacturing company preparing to build a new plant is considering three potential…
A: To find: The range for each of the alternatives A, B, C is the low-cost choice. Given: The fixed…
Q: There are three factors that must be considered while crafting a security plan.
A: The three factors that considered while crafting security plan are Confidentiality: Confidentiality…
Q: Looking at the 5 Project Life Cycle phases, we continue with Phase 2: Planning. The planning phase…
A: In this hypothetical situation, you are the owner of a business that offers interior painting…
Q: The National Oceanic Research Institute is planning a research study on global warming In…
A: A time-phased budget is a plan that shows the expenses for each activity in the project distributed…
Q: A company was replacing the single-use plastic bags with cloth bags. However, the selected fabric is…
A: a) Cost: Deciding to hold out on using the original cloth may not have an influence on the project's…
Q: Customer relationship management (CRM) software has been a huge driving force for ecommerce…
A: Customer relationship management (CRM) is crucial to the success of online retailers. Because of…
Q: a. Draw a precedence diagram. b. What cycle time would provide the desired output? c. What is the…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: The materials manager for a billiard ball maker must periodically place orders for resin, one of the…
A: Demand = 50 kilograms each day Annual Demand (D) = 50 x 365 = 18250 kilograms Holding cost = $0.04…
Q: Which of the following statements is NOT correct? More processing power is required for time because…
A: ANSWER : The other statements are all generally true in context of computer science and algorithms.…
Q: The majority of firms utilizing project management may typically experience any of the following…
A: Project management aims to identify and anticipate as many risks and issues as possible. It also…
Q: Required information Milford Industries provides medical equipment to oncology and surgical units in…
A: Indirect costs (IDC) are expenses that are not directly traceable to a specific product or service…
Q: Malvine manages manuscripts and has developed a CPM analysis of her current one. Sadly, she spilled…
A: An activity forward and backward passing operations will helps to identify the opening and closing…
Q: What are the legal requirements for terminating an employee or ending an employment contract
A: Terminating an employee is a delicate and complex process that must be handled with care to avoid…
Q: You are to write an article titled "Here, There, and Everywhere" on the firm FOUR ACES, which…
A: Four Aces is a leading supplier of building materials, offering a wide range of products to…
Q: a) What was its weeks of supply last year? b) What is its weeks of supply this year? c) Is Mattress…
A: Here, given the data stated below, From the above dataset, I would answer all the given questions,…
Q: ompare and contrast SCOR model and PCF model
A: Two well-known frameworks are used in supply chain management and business process management,…
Q: Examine supply chain problems NASA is experiencing as a result of changing product features to price…
A: Planning, organizing, and regulating the movement of goods, data, and services from suppliers to…
Q: How could a quality management system be put into place?
A: Implementing quality management system (QMS) involves structured & systematic approach to…
Q: What is the net ADR yield given the following information: ADR = $180 Distribution channel costs =…
A: Net ADR yield can be determined with the following method: Net ADR = ADR - Distribution channel…
Q: What are the advantages and disadvantages of this processing method, and what should be kept in mind…
A: In general, a processing method can be defined as the procedure or set of procedures used to change…
Q: Is there a difference between managing quality and making sure it's good?
A: Yes, there is difference between managing quality and making sure it's good. Managing quality is…
Q: What is benchmarking actually, and how does it operate?
A: Benchmarking is process of comparing performance, practices, and processes of organization with…
Q: Please provide the answer in detail and don't provide Chat GPT answerrs
A: Inventory management is the process of procuring the raw materials, storing them and managing all…
Q: Identify five major management challenges for population health managers
A: Here, I would determine various major management challenges for population health managers, these…
Q: A- Which one of the following actions is guaranteed to result in lower labor costs per pair produced…
A: "Since you have asked multiple questions, we will answer the first question for you. If you want an…
Q: xplain the process of identifying hazards and maintaining a risk register to keep track of them.
A: Hazards refer to potential sources of harm or danger, while risk refers to the probability of harm…
Q: Big Sur Taffy Company makes two types of candies: saltwater taffy and special home-recipe taffy. Big…
A: Suppose- S be the no. of pounds of saltwater taffies to be producedH be the no. of pounds of special…
Q: Operations that are deliberately made, take place continuously consisting of several actions or…
A: Here, I would define various terms like process, control, Input, output, and system, then, answer…
Q: How does ERP link the departments together?
A: Enterprise Resource Planning (ERP) is a type of software system that integrates different…
Q: Why is it important to switch from an old system to a powerful ERP system?
A: There are several reasons why it may be important for organization to switch from an old system to…
Q: Q.3.1 Differentiate between an external and a domesticated company. Q.3.2 Discuss the concept of…
A: ANSWER:1 Depending on several aspects, including ownership, location, and manner of operation,…
Q: To what extent does linear programming factor into business evaluations?
A: Linear programming is a powerful mathematical tool that can be used to optimize a wide range of…
Q: Discuss how can referrals be used as a prospecting source?
A: Referrals can be an excellent source of new prospects for a business. A referral is a recommendation…
Q: What is the role of the project leader in a predictive project team vs an agile project team? What…
A: Project managers are essential in directing project teams toward practical project completion and…
Q: List and briefly describe the five risk management approaches.
A: As per the Q, I would list and describe the five risk management approaches, these points are…
Q: Your cost for Tito's vodka is $1.06 per ounce, Your Soda Water is $0.03 per Ounce The cups you…
A: Cost is the amount that is incurred by the company on producing goods and services. It is the…
Q: Identify the transportation network structure in each case study below. You are required to justify…
A: The organisation and design of a system for moving people or products from one location to another…
Q: What are the key characteristics of a negotiable instrument?
A: A negotiable instrument is a written document.It is represents a promise to pay a certain amount of…
Q: Which of the following does NOT call for cross-functional collaboration? Business process…
A: Cross-functional collaboration is a process where individuals from different departments of an…
Q: Either using descriptive or prescriptive models is beneficial; however, which one is more effective?
A: The preferance between descriptive and prescriptive models is depend on the aim and goals of the…
Q: Define the decision variables ,Formulate the objective function, Formulate the constraints Sears…
A: Linear Programming is a mathematical and statistical tool that is used in operations management to…
Q: The final stage in strategic management is strategy implementation. Select one: True False
A: The combination of the arts & sciences of strategic management is concerned with developing,…
Q: Tri-State Manufacturing has three factories (1, 2, and 3) and three warehouses (A, B, and C). The…
A: Suppose-Xij= 1,000s of units shipped from factory i to warehouse i, and so on.where i = 1,2,3 and j=…
Q: (a) Construct the project network. (Submit a file with a maximum size of 1 MB.) Choose File No file…
A: As per Bartleby guidelines, we can only solve the first three subparts of one question at a…
Q: Enter a suitable heading in the title field; and Explain how logistics differs from supply chain…
A: Supply chain management refers to the coordination and management of the activities involved in the…
Q: a. Use Excel's Data Analysis Exponential Smoothing tool to forecast each of the stock prices using…
A: Forecasting is one of the techniques to know some future figures on the basis of past data. This…
Q: SOCAR is a rental car company based in Malaysia. Currently, the Johor Bahru and Penang branches have…
A: Find the Given details below: Given details: Malacca Port Dickson Kuala Lumpur Putrajaya…
Q: There are a number of benefits for Mercy to adopt a corporate data model. With Mercy's extensive…
A: Adopting corporate data model can provide several benefits to Mercy as it continues to expand its…
could you please write it with pen and paper? i appreciate it
Step by step
Solved in 3 steps with 5 images
- 49 The local supermarket buys lettuce each day to ensure really fresh produce. Each morning, any lettuce that is left from the previous day is sold to a dealer that resells it to farmers who use it to feed their animals. This week, the supermarket can buy fresh lettuce for $7.00 a box. The lettuce is sold for $18.00 a box and the dealer that sells old lettuce is willing to pay $2.00 a box. Past history says that tomorrow's demand for lettuce averages 255 boxes with a standard deviation of 40 boxes.Torrance Refinery produces approximately 23.1 Million barrels of gasoline per year. A California distributor sources its gasoline from the Torrance refinery. The annual demand for gasoline at the California distributor is 5.3 Million barrels. The cost of storing gasoline is approximately $29 per barrel (per year). The cost of placing an order to the Torrance refinery (including shipping) is $7300 per order. Orders will be received gradually instead of delivered all at once (hence EPQ). At what quantity will the total cost of procurement be the lowest? Round your answer to the nearest whole number. Do NOT include a comma. For example, answer like 103542 and NOT 103,542 Answer: 58845 CheckThe difference(s) between the basic EOQ model and theproduction order quantity model is(are) that:a) the production order quantity model does not requirethe assumption of known, constant demand.b) the EOQ model does not require the assumption ofnegligible lead time.c) the production order quantity model does not requirethe assumption of instantaneous delivery.d) all of the above.
- [item no. 9] In marginal analysis with discrete distributions for single-period inventory models, the value of ML/(ML+MP) is 0.8. The probability distribution of sales is given by the following by the table below. Find the optimal number of units to order. Daily demand 80 90 100 110 120 Probability that demand will be at this level 0.10 0.20 0.30 0.30 0.10 a. 90 units b. 110 units c. 100 units d. 80 unitsAmong the following multi-period inventory models, which one has the highest probability of stockout? A. Fixed Order Quantity with Safety Stock B. Fixed Time Period Model C. Fixed Order Quantity D. Both Fixed Order Quantity & Fixed Order Quantity with Safety Stock3. The cost of carrying one unit in inventory for a specified period of time, usually one year, is referred to as: OA) the material cost and is denoted by C. OB) the fixed ordering cost and is denoted by S. OC) the holding cost and is denoted by H. OD) the purchase price and is denoted by P.
- 1. Suppose the demand of a product in a retail store is 800 per year and it occurs at a constant rate. Placement of an order of this product to an outside supplier by the store is 40 Dollar. The super market authority has calculated the inventory holding cost per unit per year as 90 cents. Assuming no occurrence of shortages of the product, find a) i. the minimal order quantity of the product from the outside supplier if the product is not allowed to sell during production. ii. the minimal number of orders per year. Explain whether the nearest integer number of orders per year is justified. iii. the cycle time of a lot in months. iv. the annual minimal total cost of ordering and inventory holding for that minimal order quantity. v. the reorder point if the lead time of delivering a lot is 2 days,? b) If the production rate of processing the product is 1200 per year and the set up cost per set up is 65 Dollar. If the selling of the product is allowed during production, determine i) the…Solve the newsperson problem. Probability 0.11 0.08 0.22 0.26 0.12 0.21 Value 1 2 3 4 5 6 Purchase cost c = 27 Selling price p = 35 Salvage value v = 15 What is the optimal order quantity?Chicago’s Treadway Tires Dealer must order tires fromits national warehouse. It costs $10,000 to place an orderand $400 to review the inventory level. Annual tire sales are N(20,000, 4,000,000). It costs $10 per year to hold a tire ininventory, and each order arrives two weeks after beingplaced (52 weeks 1 year). Assume that all shortages arebacklogged.a Estimate R and the number of orders per year thatshould be placed.b Using the answer in part (a), determine the optimal(R, S) inventory policy. Assume that the shortage cost is$100 per tire.
- 6-23 Barbara Bright is the purchasing agent for West Valve Company. West Valve sells industrial valves and fluid control devices. One of the most popular valves is the Western, which has an annual demand of 4,000 units. The cost of each valve is $90, and the inventory carrying cost is estimated to be 10% of the cost of each valve. Barbara has made a study of the costs involved in placing an order for any of the valves that West Valve stocks, and she has concluded that the average ordering cost is $25 per order. Furthermore, it takes about two weeks for an order to arrive from the supplier, and during this time, the demand per week for West valves is approximately 80. d. What is the average inventory? What is the annual holding cost? e. How many orders per year would be placed? What is the annual ordering cost?44. Cassorla's Clothes sells a large number of white dress shirts. The shirts, which bear the store label, are shipped from a manufacturer in New York City. Hy Cassorla, the proprietor, says, “I want to be sure that I never run out of dress shirts. I always try to keep at least a two months’ supply in stock. When my inventory drops below that level, I order another two-month supply. I’ve been using that method for 20 years, and it works." The shirts cost $6 each and sell for $15 each. The cost of processing an order and receiving new goods amounts to $80, and it takes three weeks to receive a shipment. Monthly demand is approximately normally distributed with mean 120 and standard deviation 32. Assume a 20 percent annual interest rate for computing the holding cost. a. What value of Q and R is Hy Cassorla using to control the inventory of white dress shirts? b. What fill rate (Type 2 service level) is being achieved with the current policy? c. Based on a 99 percent fill rate criterion,…6-23 Barbara Bright is the purchasing agent for West Valve Company. West Valve sells industrial valves and fluid control devices. One of the most popular valves is the Western, which has an annual demand of 4,000 units. The cost of each valve is $90, and the inventory carrying cost is estimated to be 10% of the cost of each valve. Barbara has made a study of the costs involved in placing an order for any of the valves that West Valve stocks, and she has concluded that the average ordering cost is $25 per order. Furthermore, it takes about two weeks for an order to arrive from the supplier, and during this time, the demand per week for West valves is approximately 80. a. What is the EOQ? b. What is the ROP? c. Is the ROP greater than the EOQ? If so, how is this situation handled? d. What is the average inventory? What is the annual holding cost? e. How many orders per year would be placed? What is the annual ordering cost?