Question: 3. (Q, r) model question : One part company uses has monthly demand of 150 units per month. The unit cost c of the part

3. (Q, r) model question: One part company uses has monthly demand of 150 units per month. The unit cost c of the part is 3500 TL. The firm uses a monthly interest rate of 2% (What is the holding cost h per month?) It takes 10 days to receive a production or the for the part . Cost of time and materials to complete a production order A is 350TL. The monthly cost of a backorder is 250 TL and cost for stockout is 100 TL. Demand can be approximated by Poisson distribution.

Calculate the Q* and r* values using both the backorder cost and stockout cost approach.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

The following transactions relate to the General Fund of the City of Buffalo Falls for the year ended December 31, 2020: 1. Beginning balances were: Cash, $102,000; Taxes Receivable, $203,000;...

Industrial Engineering 3. (Q, r) model question: One part company uses has monthly demand of 150 units per month. The unit cost c of the part is 3500TL. The firm uses a monthly interest rate of 2%...

3. (Q, r) model question: One part company uses has monthly demand of 150 units per month. The unit cost c of the part is 3500TL. The firm uses a monthly interest rate of 2% (What is the holding cost...

One part company uses has monthly demand of 150 units per month. The unit cost c of the part is 3500 TL. The firm uses a monthly interest rate of 2% (What is the holding cost h per month?) It takes...

3. (Q,r) model question: One part company uses has monthly demand of 150 units per month. The unit cost c of the part is 3500TL. The firm uses a monthly interest rate of 2% (What is the holding cost...

1) Management accounting plays a role in a planning new products. b evaluating operational processes. c controlling costs. d all of the above. 2) Management accounting, managers are more concerned...

Bristol plc has convertible debentures with a coupon rate of 10% in issue trading at 108%. The debentures are redeemable at par in five years time, or convertible at that point into 20 ordinary...

PRJ_9_ABC part production (Inventory Problem) Managers at ABC are reviewing the economic feasibility of producing a part that the company is currently purchasing from a supplier. The projected annual...

Maharaj Garage & Car Supplies sells a variety of automobile cleaning gadgets including a variety of hand vacuums. The business began the first quarter ( January to March ) of 2 0 2 4 with 2 0 ( Mash...

In the figure for Prob. 161, the inside rim diameter is 280 mm and the dimension R is 90 mm. The shoes have a face width of 30 mm. Find the braking torque and the maximum pressure for each shoe if...

Sharp and Townson had capital balances of $80,000 and $150,000, respectively on January 1, 2014, of the current year. On May 8, Sharp invested an additional $20,000 in the partnership (already...

It is commonly accepted in scholarship that The Odyssey was originally composed in _ _ _ _ _ _ _ _ Group of answer choices 8 - 7 th cent BCE 3 - 2 cent. BCE 5 th cent. BCE 2 0 0 0 years BCE

The beginning inventory at Midnight Supplies and data on purchases and sales for a three - month period ending March 3 1 are as follows: Date Transaction Number of Units Per Unit Total Jan. 1...