Question: Please help me to solve this in excel only with the calculations and the process in order to get the result the image is for
Please help me to solve this in excel only with the calculations and the process in order to get the result the image is for problem 1 thank you !Problem 1 # An assembly line requires two components: gadjits and widjits. Gadjits are produced by center 1 and widjits by center 2. Each unit of the end item, called a jit-together, requires three gadjits and two widjits, as shown in Figure 6.14. The daily production quota on the assembly line is 800 jit-togethers. Figure 6.14 Components for End Item J The container for gadjits holds 80 units. The policy variable for center 1 is set at 0.09. The average waiting time for a container of gadjits is 0.09 day, and 0.06 day is needed to produce a container. The container for widjits holds 50 units, and the policy variable for center 2 is 0.08. The average waiting time per container of widjits is 0.14 day, and the time required to process a container is 0.20 day. a. How many containers are needed for gadjits? b. How many containers are needed for widjits? Problem 2: Jill's Job Shop buys two parts (A & B) for use in their production system. The parts are needed throughout the entire 52-week year. Part A is used at a constant rate and are ordered whenever the quantity drops to a specific reorder point (continuous review). Part B is ordered from a supplier who visits every 3 weeks to assess stock and place orders (periodic review). Data for both A & B are shown below: Item Part A Part B Annual Demand12,0005,000 Holding Cost (% of item cost)15%10% Setup/Order Cost $100 $20 Lead time6 weeks2 weeks Safety stock60 units 10 units Item Cost $10.00 $3.00 a) What's the inventory control system (Reorder Qty & Reorder Point) for Part A? b) What's the inventory control system (Reorder Qty & Reorder Point) for Part B?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
