Part Number Part Unit Value in $ Quantity currently in inventory Average annual usage12342.5300012350.2900123615100012370.75790012387.6280012394.4500012401.8180012410.051200124217.22000124325001244700030055040050180202001095016043093.2given following table, perform ABC classification

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Answered: given following table, perform ABC…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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If a bartender brought in his/her own bottle and is pouring and selling drinks from this bottle, there is a potential of which of these The portion sizes can vary Additional drinks for the bartender to sell Standard portion size larger than the actual Actual revenue less than the standard
Consider the data below: Month Demand Jan 164 Feb 224 Mar 209 269 Apr May 119 Jun 194 Jul 179 Aug 134 Sep 164 Oct 149 Nov 269
Is proper cost of storage is necessary? 1-True 2-False
A moodle1.du.edu.om TVial iaytLLITI IL- |- 20202 لوحة التحکم / مقر راتي الدراسية els / BUSS 105-1-20202 / Test-2 BUSS 105 Sec-1; Apr.11. 2021 / سؤال 1 غیر مجاب علیه بعد الدرجة من 0 1.0 علم هذا السؤال Long-term debt typically describes اخترأحد الخيارات a. debt with a maturity greater than one .year b. None of these .c. publicly traded debt .d. only coupon debt O الصفحة التالية BUSS 105 Sec1; Apr.6 ► الانتقال إلى.. .
Average demand (µ) 480 Demand Standard deviation (σdLT) 35 Service level 85% Service level alternate 89% 1. What is the required safety stock at a 85 percent service level? ______ units 2. What is the reorder point? ______ units 3.What is the required safety stock at a 89 percent service level? ______ units 4. What is the additional safety stock? ______ units
Average daily demand (d) 130 cases Demand Standard deviation (σd) 20 cases Service level 94.0% Service level alternative 86.0% Lead tme, LT 6 days 1. What is the standard deviation of demand during lead time? Round your answer to one decimal place. _______ cases 2. What is the required safety stock at a 94 percent service level? Round your answer to the nearest whole number. _______ cases 3. What is the reorder point? Round your answer to the nearest whole number. _______ cases 4.What is the required safety stock at a 86 percent service level? Round your answer to the nearest whole number. _______ cases 5. What is the safety stock reduction? Round your answer to the nearest whole number. _______ cases
What is ‘Time of Use tariff’ as it relates to the demand response concept.
Q5/ A container of 1500 gallon capacity, initially contains 600 gallons of water with 5 lbs of a dissolved salt. Water flows into the container at a rate of 9 gal/hr and it has a salt concentration of 5(1+ cos (t) lbs/gal. If a well- mixed solution flows out the container at a rate of 6 gal/hr, how much salt is in the container when it overflows?
29) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. In order to calculate the EOQ, the XYZ company utilizes the __________ model. Group of answer choices a) Basic EOQ b) Production Quantity c) Optimal Production
Franklin Tooling, Inc., manufactures specialty tooling for firms in the paper-making industry. All of their products are engineer-to-order and so the company never knows exactly what components to purchase for a tool until a customer places an order. However, the company believes that weekly demand for a few components is fairly stable. Component 135.AG is one such item. The last 26 weeks of historical use of component 135.AG is recorded below. Week Demand Week Demand 1 2 3 4 5 6 7 8 9 10 11 12 13 137 136 143 136 141 128 149 136 134 142 125 134 118 14 15 16 17 18 19 20 21 22 23 24 25 26 131 132 124 121 127 118 120 115 106 120 113 121 119 Use OM Explorer’s Time Series Forecasting Solver to evaluate the following forecasting methods. Start error measurement in the fifth week, so all methods are evaluated over the same time interval. Use the default settings for initial forecasts.i. Naïve (1-Period Moving Average)ii. 3-Period Moving Averageiii. Exponential Smoothing,…
c) Even if there is substantial uncertainty in the parameters in the EOQ-model, it is still quite a useful model. Discuss why.
30) XYZ Company The XYZ Company uses 175 handles per day. The company operates 300 days per year. It costs $2.00 to carry one handle in inventory for one year. When handle inventory is low, an order is sent to the fabrication department to manufacture more handles. Fabrication can produce handles at a rate of 1500 per day and send the handles over to assembly while production is in progress. The setup for each production run costs $500. Assume the XYZ company orders 9,000 handles at a time (not necessarily the economic order quantity). The order receipt period = _____ days. Group of answer choices a) 6.0 b) 5.8 c) 30.0 d) 51.4 e) 50.0

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