Question: Please answer each question 1 - 9 and show work for each thank you Q1. The assumptions of the production order quantity model are met
Please answer each question 1 - 9 and show work for each
Q1. The assumptions of the production order quantity model are met in a situation where annual demand is 3,650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100 . What is the production order quantity for this problem? (Find nearest value) 3pts. (Q2-Q7) LEE's Fantasy Co. produces ice cream bars for vending machine and has a daily demand for 200 bars. The company has the capacity to produce 180,000 bars per year. The cost of setting up for the bar production is $7.50, and the firm is reluctant to produce too many at one time because the storage cost(refrigeration) is relatively high at 30 percent of the actual bar price. Each ice cream bar is expected to sell at $5.00. The firm supplies vending machines with its "Fantasy Bars" on 360 days of the year at Rowan. (Choose the nearest value up to 2 decimal points from the given answers). 3 pts. each except for Q3 02. What is the most economical lot size to produce (i.e. ERL.) 3pts 03. What is the level of inventory (i.e., inventory rate - the proportion of the production that goes into inventory)? 2pts. 04. What is the average inventory level (units)? 3pts. 05. What is the total inventory carrying cost of bars per bar-year? 2 pts. 06. What is the total inventory cost (i.e., total set-up cost and total carrying cost)? 3pts. 07. What is the optimal length of the production run in days (i.e., Number of days for production)? 3 pts. (Q8-Q9) Given the product structure tree and the inventory on-hand shown in figure and table, determine the net requirement for A, B, C, D, and E. Given the product structure tree and the inventory on-hand shown in figure and table, determine the net requirement for C and E to produce 50 units of finished goods(X). Show all processes for solutior 8. What is the net requirement for C?(3pts.) 9. What is the net requirement for E ? ( 3 pts.) thank you
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