Question: Operations management question. This is my last question before i run out, so please help me on 3 more. 1) 2) 3) William Beville's computer

Operations management question. This is my last question before i run out, so please help me on 3 more.

1) Operations management question. This is my last2) Operations management question. This is my last

3)

Operations management question. This is my last

William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering costs Holding cost 19,500 units/year $25/order $4/unit/year a) The EOQ for the workbooks is 494 (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ (round your response to the nearest whole number). The actual number of patients at Providence Emergency Medical Clinic for the first six weeks of this year follows: Week Actual No. of Patients 65 UAWN- Clinic administrator Dana Schniederjans wants you to forecast patient numbers at the clinic for week 7 by using this data. You decide to use a weighted moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0.500 on the present period, 0.250 one period ago, 0.125 two periods ago, and 0.125 three periods ago. a) What is the value of your forecast? The value of the forecast is 69.38 patients (round your response to two decimal places). b) If instead the weights were 40, 20, 10, and 10, respectively, how would the forecast change? O A. The value of the forecast will increase. OB. The value of the forecast will decrease. C. The value of the forecast will remain the same. c) What if the weights were 0.60, 0.20, 0.10, and 0.10, respectively? Now what is the forecast for week 7? The value of the forecast is patients (round your response to two decimal places). If D = 7,800 per month, S = $46 per order, and H = $2.00 per unit per month, a) What is the economic order quantity? The EOQ is 599 units (round your response to the nearest whole number). b) How does your answer change if the holding cost doubles? The EOQ is | units (round your response to the nearest whole number)

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!