Question: Old MathJax webview OPERATIONS MANAGEMENT Homework = 15-17 OPERATIONS MANAGEMENT Hosok = 15-17 - HOMEWORK PROBLEM - SO-WEEK SIMULATION Order Cost = 528 Average Lead

Old MathJax webview

Old MathJax webview OPERATIONS MANAGEMENT

Old MathJax webview OPERATIONS MANAGEMENT

Old MathJax webview OPERATIONS MANAGEMENT

OPERATIONS MANAGEMENT Homework = 15-17 OPERATIONS MANAGEMENT Hosok = 15-17 - HOMEWORK PROBLEM - SO-WEEK SIMULATION Order Cost = 528 Average Lead Time is Weeks 1. Annual Usage = 5,000 uits Sockout Cost = 25 Price = 522.50 Weeks of Operation 50 Cosy Cost = 4096 No Disco Democerieg Average Lead Time Fregeasy . Receber to eta seg for when you are Stocket Costosa Per Basis 25 Beginning Quzesyon Find = 150 Led Time Distribution 1 2. 3 Deezed Distributions coee bore since Average Lead Tee=1 week Res a 50-weeks Also, sy a lzzst2 cebitions of Ore Poe and Order Quantity to see if you can reduce the total cost 22 3 3 N 80 90 100 ITD 120 130 05885 20 26 17 - . Order Cost = $28 Average Lead Time in Weeks 1. Annual Usage = 5,000 units Stockout Cost = 25 Price = $22.50 Wecks of Operation 50 Carry Cost = 40% No Discount Demand during Average Lead Time Frequency 70 6 80 12 90 20 26 110 17 120 130 4 ? Remember to enter a negative # for demand when you are finished. Stockout Cost on a Per Unit Basis 25 Beginning Quantity on Hand = 150 Lead Time Distribution f 22 2 8 3 3 Demand Distribution use same one above since Average Lead Time = 1 week Run a 50-week simulation a Also, try at least 2 other combinations of Order Point and Order Quantity to see if you can reduce the total cost. 100 . 42 . First Simulation Order Cost 28 Annual Forecasted Usage 5,000 Price 22.5 Carry Cost 40 SOLUTION EOQ 18 INPUT QTY Discount? NO Enter the Demand During Average Lead Time Here (when complete -after the 130, enter a -1) SOLUTION Carry Reorder 100 Stockout 2167 897 110 9,000 Total 2167 9,897 18, 299 27.000 120 299 18,000 130 27,000 Recommended Reorder Point 100 Safety Stock enter YES when the program ask if you wish to run the simulation Enter the lead time distribution here Enter the demand during average lead time here # of weeks to simulate 50 OPERATIONS MANAGEMENT Homework = 15-17 OPERATIONS MANAGEMENT Hosok = 15-17 - HOMEWORK PROBLEM - SO-WEEK SIMULATION Order Cost = 528 Average Lead Time is Weeks 1. Annual Usage = 5,000 uits Sockout Cost = 25 Price = 522.50 Weeks of Operation 50 Cosy Cost = 4096 No Disco Democerieg Average Lead Time Fregeasy . Receber to eta seg for when you are Stocket Costosa Per Basis 25 Beginning Quzesyon Find = 150 Led Time Distribution 1 2. 3 Deezed Distributions coee bore since Average Lead Tee=1 week Res a 50-weeks Also, sy a lzzst2 cebitions of Ore Poe and Order Quantity to see if you can reduce the total cost 22 3 3 N 80 90 100 ITD 120 130 05885 20 26 17 - . Order Cost = $28 Average Lead Time in Weeks 1. Annual Usage = 5,000 units Stockout Cost = 25 Price = $22.50 Wecks of Operation 50 Carry Cost = 40% No Discount Demand during Average Lead Time Frequency 70 6 80 12 90 20 26 110 17 120 130 4 ? Remember to enter a negative # for demand when you are finished. Stockout Cost on a Per Unit Basis 25 Beginning Quantity on Hand = 150 Lead Time Distribution f 22 2 8 3 3 Demand Distribution use same one above since Average Lead Time = 1 week Run a 50-week simulation a Also, try at least 2 other combinations of Order Point and Order Quantity to see if you can reduce the total cost. 100 . 42 . First Simulation Order Cost 28 Annual Forecasted Usage 5,000 Price 22.5 Carry Cost 40 SOLUTION EOQ 18 INPUT QTY Discount? NO Enter the Demand During Average Lead Time Here (when complete -after the 130, enter a -1) SOLUTION Carry Reorder 100 Stockout 2167 897 110 9,000 Total 2167 9,897 18, 299 27.000 120 299 18,000 130 27,000 Recommended Reorder Point 100 Safety Stock enter YES when the program ask if you wish to run the simulation Enter the lead time distribution here Enter the demand during average lead time here # of weeks to simulate 50

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!