Question: QUESTION 5 Q5. Given the following information concerning a a facility that operates 50 weeks per year, 5 days per week, determine the extra cost

QUESTION 5 Q5. Given the following information

QUESTION 5 Q5. Given the following information concerning a a facility that operates 50 weeks per year, 5 days per week, determine the extra cost incurred by moving from the EOQ system to the Continuous Review System. Assume safety stock is determined to be 70 units. (round up to the nearest whole number): Average Annual Demand = 12000 units per year Standard Deviation of Demand = 30 Holding Cost = $15/order Ordering Cost = $45/unit/year The stated tolerance for a stockout is 596 Lead Time is 2 weeks a. 4025 6.5072 c. 1050 d. 12105 QUESTION 6 Q6. Given the following information concerning a continuous review system for a facility that operates 50 weeks per year, 5 days per week, determine the necessary protection interval by moving to a Periodic Review System (round up to the nearest whole number): Average Annual Demand = 12000 units per year Standard Deviation of Demand = 30 Holding Cost = $15/order Ordering Cost = $45/unit/year The stated tolerance for a stockout is 5% Lead Time is 2 weeks a. 12 b.4 c. 22 d. 16

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!

4. Sleekfon and Sturdyfon are two major cell phone manufacturers that have recently merged. Their current market sizes are as shown in Table 5-9. All demand is in millions of units. Sleekfon has...

Job Costing Accounting help Here is all the Pre Info for this lab This is a multipart quesiton Here are the questions needed to be filled out with some info mixed in. The blanks are things needed to...

AQ1. Inventory Management (12 marks) A dry cleaning and laundry service company uses 40 bottles of detergent every week and incurs a holding cost of $2.5/bottle/year. Assume the company operates 50...

Question content area Part 1 Sam ' s Pet Hotel operates 5 0 weeks per year, 5 days per week. It purchases kitty litter for $ 7 . 5 0 per bag. The following information is available about these bags:...

Sam's Cut Hotel operates 50 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11,00 por bag. The following information is available about...

please fill the current tables from year 0 to 5 using the existing information NMC Labs is a diagnostic laboratory that does various tests (blood tests, urine tests, etc.) for doctors' offices. Test...

Homework: myOMLab Homework 6 ... Question 8. Problem 28 HW Score: 50%, 5 of 10 points Part 1014 Points: 0 of 2 Save Sam's Cat Hotel operates 50 weeks per year, 5 days per week. It purchases kitty...

I need assistance with solving these practice problems in Excel. Can you show the work in excel spreadsheet so that I can have a better understanding of how to use excel when solving the problems?...

Prepare a BOM , also a Master production. the third pic has the question, rest have the needed information for reference Company Background Jane and John's Goodie Baskets was a business that catered...

The consultant has included some cost items that either do not increase with the purchase of the Orion machine (e.g., some taxes and insurance premiums) or were never spent at all (e.g., inflated...

The radius trend and the ionization energy trend are exact opposites. Does this make sense? Define electron affinity. Electron affinity values are both exothermic (negative) and endothermic...

Derive an integral expression for H(z) inside the unit circle in terms of Re{H(e j )} when h[n] is a real, stable sequence such that h[n] = 0 for n > 0.

Homework 6 Select the necessary words from the list of possblities to complete the following stateme Sybrments When danage to another is drectly fitituthe the memettoers act. is said to eost....

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...