Home / Questions / Ross Whiteâ€™s machine shop uses 2500 brackets during the course of a year and this usage ...
Ross Whiteâ€™s machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost) and the ordering cost per order is $18.75.There are 250 working days per year.(a) What is the EOQ?(b) Given the EOQ, what is the average inventory? What is the annual inventory holding cost?(c) In minimizing cost, how many orders would be made each year? What would be the annual ordering cost?(d) Given the EOQ, what is the total annual inventory cost (including purchase cost)?(e) What is the time between orders?(f) What is the ROP?[6-41] The Hardware Warehouse is evaluating the safety stock policy for all its items, as identified by the SKU code. For SKU M4389, the company always orders 80 units each time an order is placed. The daily demand is constant, at 5 units per day; the lead time is normally distributed, with a mean of 3 days and a standard deviation of 2. Holding cost is $3 per unit per year. A 95% service level is to be maintained.(a) What is the standard deviation of demand during the lead time?(b) How much safety stock should be carried, and what should be the reorder point?(c) What is the total annual holding cost?
Sep 01 2020 Read more Less More
(a) there will be a shortage(b) there will be a surplus(c) demand will beless than supply(d) quantity demanded will equal quantity supplied
May 17 2018Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 20162015201620152016Asse...
Apr 11 2020H. Cochran, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2,520,000. The fixed asset will be depreciated str...
Apr 04 2020Jeter Inc. acquired machinery on January 1, 2004 at a cost of $55,000. The machinery was depreciated over five years using the straight line method and a salvage value o...
Jan 25 2020Demonstrate skills in analyzing and applying various HRM legal requirements in the real world of human resources. Within the Discussion Board area, write 850-900 words th...
Jul 07 2020Maloney, Inc., has an odd dividend policy. The company has just paid an annual dividend of $8 per share and has announced that it will increase the dividend by $6 per yea...
Aug 21 2020The greatest variety of organisms in the oceans occurs in the: (A) Shallow water (B) Open sea surface (C) Deep sea water (D) B and C (E) None of the above
Mar 21 2018Explain why Aaron Feuerstein felt his decisions were necessary for his company and for his employees. Discuss the pros and cons of Aaron Feuerstein's decision making, and...
Apr 14 2020Only women may be granted leave under the Family Medical Leave Act (FLMA).32. While an employee is on appropriate Family Medical Leave, an employer must pay for all healt...
Dec 25 2019Iran's nuclear program is one of the leading issues in international relations today. summarize the Realist and Liberalist approaches to dealing withIran. How does each p...
Nov 07 2017Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.