Read above informations carefully. Consider an inventory control system where holding cost is $1 per part...
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Read above informations carefully. Consider an inventory control system where holding cost is $1 per part per day, order cost is $1 per order per part and shortage cost is $10 per part. Beginning inventory is 100 parts. Holding cost is calculated with respect to ending inventory. And short amount will not be met later. D It is assumed that demand (i:i=1,2,...n) has a complicated probability distribution including 2 high demand days and low demand days. High demand case follow an exponential distribution and low demand follow an exponential () distribution where you can find all expressions below. High Demand ~ Exponential ( ) 42-X,if 0x2 A40+X,if 3x9 1 - D= Low Demand ~ Exponential ( 2 ) 12-X, if 0x2 10+X,if 3x9 The demand will be determined with respect to previous days demand by assuming D=0. Expo , if D-15 Expo 2,if D-17 2 1 A X Last number of your student ID Hint: A is rate, not mean value. D (lli:i=1,2,...7) Order amount is 50 parts and re-order point is 20 parts. Order is made in the evening and it arrives in the morning. Lateness doesn't have randomness, it is fixed to 1 day. Using the random numbers given in Table 1 calculate total cost for 7 days? Use random numbers given at Table 1 in 4 digits and construct your table with integer values. Table 1- Random Numbers 0,8166 0.8166 0,8428 0.8428 0,4992 0.4992 0,1853 0.1853 0,0276 0.0276 0,3671 0.3671 0,7255 0.7255 Read above informations carefully. Consider an inventory control system where holding cost is $1 per part per day, order cost is $1 per order per part and shortage cost is $10 per part. Beginning inventory is 100 parts. Holding cost is calculated with respect to ending inventory. And short amount will not be met later. D It is assumed that demand (i:i=1,2,...n) has a complicated probability distribution including 2 high demand days and low demand days. High demand case follow an exponential distribution and low demand follow an exponential () distribution where you can find all expressions below. High Demand ~ Exponential ( ) 42-X,if 0x2 A40+X,if 3x9 1 - D= Low Demand ~ Exponential ( 2 ) 12-X, if 0x2 10+X,if 3x9 The demand will be determined with respect to previous days demand by assuming D=0. Expo , if D-15 Expo 2,if D-17 2 1 A X Last number of your student ID Hint: A is rate, not mean value. D (lli:i=1,2,...7) Order amount is 50 parts and re-order point is 20 parts. Order is made in the evening and it arrives in the morning. Lateness doesn't have randomness, it is fixed to 1 day. Using the random numbers given in Table 1 calculate total cost for 7 days? Use random numbers given at Table 1 in 4 digits and construct your table with integer values. Table 1- Random Numbers 0,8166 0.8166 0,8428 0.8428 0,4992 0.4992 0,1853 0.1853 0,0276 0.0276 0,3671 0.3671 0,7255 0.7255
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To calculate the total cost for 7 days using the given system and the random numbers provided in Tab... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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