Question: Still concerned about the risk in Problem S11 2 suppose that
Still concerned about the risk in Problem S11.2, suppose that Phillip is willing to use one local supplier and up to two more located in other territories within the country. This would reduce the probability of a “super- event” to 0.5%, but due to increased distance the annual costs for managing each of the distant suppliers would be $ 25,000 (still $ 15,000 for the local supplier). Assuming that the local supplier would be the first one chosen, how many suppliers should Witt Input Devices use now?
Answer to relevant QuestionsJohnson Chemicals is considering two options for its supplier portfolio. Option 1 uses two local suppliers. Each has a “unique- event” risk of 5%, and the probability of a “super- event” that would disable both at ...Consider a three- firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer’s demand over an 8- week period was 100 units each of the first 2 weeks, 200 units each of the second 2 weeks, 300 ...Lindsay Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory and has hired Joan Blasco- Paul to manage its inventory. Joan has determined that 10% of the items in ...Using the information in Problem 13.3, develop plan B. Produce at a constant rate of 1,400 units per month, which will meet minimum demands. Then use subcontracting, with additional units at a premium price of $ 75 per unit. ...Yu Amy Xia has developed a specialized airtight vacuum bag to extend the freshness of seafood shipped to restaurants. She has put together the following demand cost data:.:.
Post your question