Q1. A manufacturer buys certain equipment form suppliers at Rs. 30 per unit. Total annual needs are 800 units. The following further data are available: Annual return on investments 10% Rent, insurance, storing per unit per year Rs. 2 Cost of placing an order Rs. 100. Determine EOQ.
Q: Q5. What are carrying and storage costs? Explain with examples of each.
A: Carrying and storage costs are the costs incurred to the firm for storage and maintenance of the…
Q: Variable name Avg. annual demand Avg. daily demand Std. deviation of demand Variable Drear 31,025…
A: Formula used - EOQ = 2×D×SH Reorder point = Mean demand during lead time + Safety Stock
Q: Q4// A company producing compressors, decided to make a particular item in batches. The following…
A: Answer: Formula of economic batch quantity or EBQ = 2AO/C when A = Annual demand of components, O =…
Q: On-hand inventory at end of week 1: 200 Week 2 3 4 5 7 9. Forecasted demand 230 390 340 280 270 340…
A: Master Schedule Record The record ought to contain the guage request, the quantity of booked…
Q: . Currently, they order 110 items with each order. Argue if this order quantity is a good choice or…
A: 1. No order quantity of 110 is not optimal as it would lower the holding cost but incur a higher…
Q: 3. A large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year.…
A: As per guidelines we are supposed to answer only three subparts if there are multiple sub-parts…
Q: 15. What is "safety stock"? What does safety stock provide safety against?
A: The concept of Operation Management: Operation management is the management that applies to a…
Q: Lead times recorded from the past 10 cycles 4.6 6.2 4.1 4.1 4.9 5.0 5.6 6.2 4.6 4.0 1. The most…
A: The following method will calculate the average lead time of the past 10 cycles. Now, calculate…
Q: Question 1: Considering that the annual demand of a product is 5000 orders, the retention cost is…
A: The quantity with the least total cost of inventory will be ordered. Total cost = Annual…
Q: Q1) Consider the following requirements for a certain product. Period 1 2 3 4 5 6…
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Q: Determine the optimal Q and TC given the following information: D = 3,000 liters Selling price per…
A: From the given values, the following values are to be obtained using the stated formulas EOQ=…
Q: Mr. Robertson owns a store. His mark-up percentage is 80%. He is also VAT registered, VAT is 15% of…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Question 2 Orange Inn Restaurant uses 35,000 units of flour mix per year which has a price of $20…
A: Economic order quantity refers to the quantity that the company orders in order to minimize the…
Q: Question 5 Safety Stock Model Consider the following information on an inventory management system…
A: Given data Item Cost = $10 Order Cost = 250 Annual Holding Cost = 33% of item cost Average…
Q: Caring Hospital’s dispensary reorders doses of a drug when the supply on hand falls to 18 units.Lead…
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Q: Q/You have the following data on the stock situation of a material in an industrial company: Annual…
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Q: Question 1 UMU has demand for 1400 water pumps each year. The cost of a water pump to UMU is $400.…
A: Given data Annual demand of water pump (D) = 1400 units Cost of a water pump = $400 Inventory…
Q: What is quality and safety stock in simple words, and examples of it?
A: Quality Quality management is concerned with making organizations perform for their stakeholders…
Q: Q.9.1 Calculate safety stock given the following information: Averaged Demand: 350 items; Standard…
A: The phrase "safety stock" is used by logisticians to refer to a quantity of excess stock that is…
Q: Given the following list of items,(a) Calculate the annual usage cost of each item.(b) Classify the…
A: The ABC analysis is the technique of inventory management that is used to identify the value of…
Q: Refer to the Value Stream Map. What does the triangle above letter D represent? Group of answer…
A: In Value Stream Map there are some specified symbols that are used to depict the process of…
Q: Q2. From the figures given below, calculate Economic Order Quantity (EOQ) and Total cost at EOQ?…
A: Economic order quantity is the optimal quantity of the products and resources that the company needs…
Q: How many units are available-to-promise in period 1?period 4? PeriodOn hand 60 1 2 3 4 56Forecast 50…
A: Given information Period On Hand = 60 1 2 3 4 5 6 Forecast 50 100 100 100 100 50…
Q: uary 100 February 1,200 Ma 1,4 g stockout costs for lost sale r unit per month, and a zero b
A: Given: January February March April May June 1100 1200 1400 1800 1800 1600 Lost sales =…
Q: Explain periodic order quantity (POQ)?
A: Periodic Order Quantity: Here POQ represents the specified number of units to be ordered at a…
Q: T Corp gave inventory (winter coats) away to a charity that helps the needy. It's basis in the…
A: Inventory costs of holding = $5000 Value of the Coats = $18000
Q: cost is greater than cost when order quantity is less than EOQ. a. None of these O b. purchase,…
A: EOQ can be defined as the order quantity which is at an optimal level and which helps in minimizing…
Q: QUESTION 27 Determine the value of X in the below table. Item: A Safety Stock = 20 %3! Description:…
A: Given data is
Q: Divan Incorporated sells preassembled furniture. Divan Inc buys module materials from its suppliers,…
A: This question is related to the topic of Inventory Management and this topic falls under the…
Q: - What is the monthly break-even quantity (QBEP)?
A: Breakeven quantity in9BEPd) indicating the point which facilitate no loss no profit situation. BEP…
Q: Question 11 You are responsible for maintaining an appropriate amount of inventory for Component A,…
A: Given - Annual Demand = 5000 units Lead time = 15 days Working days = 300
Q: Fill in the partially completed inventory record shown here
A: Material requirements planning (MRP) is a digital inventory management system designed for improving…
Q: 3. Riex Blocks - "Hastang gahi a" specialized in the manufacturing of high-rise CHB (concrete hollow…
A: Economic order quantity is the optimal quantity level that the firm should buy to reduce the cost of…
Q: Question 3: A coat manufacturer is considering the possibility of replacing the three retailers with…
A: Companies go with centralization in order to keep a more better check on its inventory level and to…
Q: Question 3 At Ross White's machine shop, total demand of brackets at is known to be 2,500 unit of a…
A: Answer: a. It is assumed that the basic EOQ model assumptions are met and the demand is constant…
Q: Question – 2: Economic Order Quantity The annual demand for a certain item made-to-stock is 15000…
A: EOQ EOQ or Economic Order Quantity is a fundamental deterministic model, the EOQ model, which…
Q: How would these factors affect an EOQ analysis?(1) The use of just-in-time procedures.
A: Just in time is described as the management strategy of that emphasizes on inventory system. It is…
Q: What is safety stock for?
A: Safety stock is an extra inventory amount maintained over and above the expected demand due to o the…
Q: Q.3.1 What are the benefits that CoolClothes Manufacturers can enjoy when achieving high turnover…
A: The slowdown in the demand for cloth in the fashion industry happened because of customer…
Q: Question 1 (Stock Control) - Suyuti Auto purchases a component used in the manufacture of automobile…
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Q: To calculate Economic Order Quantity (EOQ =sqrt(D*k/h)
A: SOLUTION: To calculate Economic Order Quantity (EOQ =sqrt(D*k/h) include<iostream>…
Q: Problem #1 Divan Incorporated sells preassembled furniture. Divan Inc buys module materials from…
A: Given- Annual demand (d)= 20,000 units Setup costs or Ordering cost (S)= $50
Q: Assume you are a risk management consultant. Identify the major loss exposures that Kimberly faces.…
A: Note- According to the guideline solution for the three part can be given . So you will get the…
Q: 3. a) Calculate the Lot size for Zara production clothes. Annual demand = 400,000 units D d Р Q = S…
A: a) From the above given information, The formula for production lot for the optimal number of…
Q: Cesar Rego Computers, a Mississippi chain of com-puter hardware and software retail outlets,…
A: EOQ stands for Economic order quantity, is defined as the ideal order quantity the company need to…
Q: shipped. BY HOW MUCH WILL PROFIT INCREASE/ DECREASE IF THE ORDER IS ACCEPTED?
A: In a cost sheet, profit is calculated as: Total sales- ( Direct material+ Direct labor+variable…
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- Question 1: Which of the following best defines " stockout costs"? options: A) They are physical goods used in operations. B) They are costs associated with retrieving inventory items from a workshop C) They are costs associated with interruptions to assembly lines D) They are associated with inventory being unavailable when needed to meet demand. E) None of the above. Question 2 At many LCBO stores in Ontario, Hennessy Cognac is kept in a clear locked case. Based on this information, according to the ABC Inventory Analysis method, is Hennessy most likely to be classified as an A item, a B item, a C item, or none of these? Question 2 options: A) C item B) None C) A item D) B item Question 3 What purpose does Rent the Runway's high-speed reverse logistics system serve? options: A) It allows the customers to return inventory to the fulfillment centre in record time. B) It allows the company to send inventory out to recipients (customers) in record time. C) It allows customers to return…Q5. What are carrying and storage costs? Explain with examples of each.Q3. What is inventory management? Explain in brief 4 functions of inventory management.
- Q4// A company producing compressors, decided to make a particular item in batches. The following information is available: • Receiving and inspecting = 10$ per order Verifying and payment of bill = 10$ per order • Other ordering and set up cost = 25$ per order • Consumption rate of item = 65 item per month %3D • Insurance = 3 $ per item in year • Storage and handling cost = 2$ per item in year • Taxes = 3 $ per item in year • Other inventory carrying cost = 4$ per item in year • Item cost = 5$ per item Calculate the Economic Batch Quantity, the number of lots, the total cost of one year requirement and what is the cycle time of order.QUESTION 1 Mr Mathebula sells high end music systems. He orders his produets once a year. His re-order point without any safety stock is 500 units. Inventory cost is R25 per month and the cost of a stock-out is R200 per set per year. Given the following demand probabilities determine a recommended safety stock level. Demand during lead Probability time .1 250 .25 500 .5 750 .1 1000 .05 1Question 8 What of the following best describes just-in-time inventory management? A firm minimises the time lags present in the supply chain by maintaining a certain amount of inventory to use in these lag times Inventory is maintained as a buffer to meet uncertainties in demand, supply, and movements of goods Production inefficiencies arising when production capacity stands idle for lack of materials are minimised by holding a small stock of essentials at all times A firm acquires inventory precisely when needed so that its inventory balance is always at, or close to, zero
- * 00 R 品 Miles is considering buying a new pickup truck for his lawn service firm. The economy in town seems to be growing, and he is wondering whether he should opt for a subcompact, compact, or full-size pickup truck. The smaller truck would have better fuel economy, but would sacrifice capacity and some durability. A friend at the Bureau of Economic Research told him that there is a 30% chance of lower gas prices in his area this year, a 20% chance of higher gas prices, and a 50% chance that gas prices will stay roughly unchanged. Based on this information, Miles has developed a decision table that indicates the profit amount he would end up with after a year for each combination of truck and gas prices. States of Nature Lower gas Gas prices Higher gas Alternatives prices unchanged prices Subcompact 000ʻ9 000'6 000ʻ Compact 15,000 Full size 000'6, 000'9 gooʻ'r Probability 0.5 0.2 Which type of truck should Miles select based on Maximin Criterion? MacBook Air 000 000 DD F2 F4 F5 F7…Question 11 You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 500 and the annual cost of holding this item in inventory to be 12. Annual demand for this item is forecasted to be 5,000 and the company has 300 working days per year. Your supplier's lead time is 15 days. What should your reorder point be if the standard deviation of daily demand is 30 and your target customer service level is 95%? (Round to the nearest integer.) Your Answer: Answer Question 12 You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review) with P=30. Your supplier's lead time is 20 days. Daily demand averages 400, with a standard deviation of 200. How much safety stock will you need if your target customer service level is 95%? (Round to the nearest integer.) Your…please give me only the answer no explantion is needed Question 4 To what does the following relate: Before a purchase of inventory can be made, it has to be authorized and supported by all relevant supporting documentation. 1. Monitoring of controls 2. Validity of transactions 3. Inherent limitations- cost vs benefit 4. Inherent limitations – human error, time constraints Question 5 To what does the following relate: Although the barcoding system in the warehouse is outdated and ineffective, the company cannot see the benefit in upgrading the system based on the high cost of the system. 1. Control environment 2. Inherent limitations – cost vs benefit 3. Validity of transactions 4. Control activities – independent checks and reconciliations Question 6 One of the six areas that an auditor needs to consider when obtaining an understanding of the entity is 1. Skills and competence of the audit…
- 15. What is "safety stock"? What does safety stock provide safety against?Question2: A company that sells fruit juices sells 1250 cases of fruit juice from cases priced at $50 per case in a month. The business is in city x and juices are ordered from city y. Each order costs the business $250. Storage costs are 20% of a case of fruit juice. According to this;a) the economic order quantity of the enterprise?b) How many days is the time between two orders?c) What is the total inventory cost of the business, including the acquisition costs, in dollars/month?Q33 please please help me Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from history that an average of 36 customers (with a standard deviation of 22) cancel their reservation or do not show for the flight. Revenue from a ticket on the flight is $145. If the flight is overbooked, the airline has a policy of getting the customer on the next available flight and giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $240. Super Discount considers the cost of flying the plane from New York to Los Angeles a sunk cost. By how many seats should Super Discount overbook the flight? Note: Use Excel's NORM.S.IN( function to find the z value. Round z value to 2 decimal places. Round your answer to the nearest whole number.