Question: Run the inventory simulation for Hammers. See the cost targets below. You may run it as many times as you want. Once you are happy
- Run the inventory simulation for "Hammers". See the cost targets below. You may run it as many times as you want.
Once you are happy with your cost total, click the "Copy Data" button and then paste below.
| Total Cost | Points |
| < $35.00 | 100% |
| $35.00 - $36.99 | 90% |
| $37.00 - $39.99 | 80% |
| $40.00 - $44.99 | 70% |
| $45.00 - $49.99 | 60% |
| $50.00 - $59.99 | 50% |
| >$60.00 | 40% |
Note: editing the string will cause a validation error and result in a grade of 0.
Answer text Question 1
2. Run the inventory simulation for "Socket Wrenches". See the cost targets below. You may run it as many times as you want.
Once you are happy with your cost total, click the "Copy Data" button and then paste below.
| Total Cost | Points |
| < $44.00 | 100% |
| $44.00 - $45.99 | 90% |
| $46.00 - $48.99 | 80% |
| $49.00 - $52.99 | 70% |
| $53.00 - $57.99 | 60% |
| $58.00 - $64.99 | 50% |
| >$65.00 | 40% |
Note: editing the string will cause a validation error and result in a grade of 0.
Answer text Question 2
3. Online Golf World sells an average of 55 boxes of ProV1 golf balls per day with a standard deviation of 10. The lead time when ordering is 7 days and the shop maintains a 95% service level (so z=1.64). What is the optimal reorder point?
| Service Level | Z-score, z |
| 90% | 1.28 |
| 95% | 1.64 |
| 98% | 2.05 |
| 99% | 2.33 |
4. You are starting a Christmas tree business. You can purchase trees from local farmers at $25 per tree. You are able to sell the trees at $75 per tree. Any leftover trees can be sold to the local wood chip company at $5 per tree.
Assume that the demand follows a uniform distribution U(94,382). How many trees should you stock through the holiday season?
5. You are starting a Christmas tree business. You can purchase trees from local farmers at $25 per tree. You are able to sell the trees at $75 per tree. Any leftover trees can be sold to the local wood chip company at $5 per tree.
Assume that the demand follows a Normal distribution N(266,28), which means a mean of 266 and a standard deviation of 28. How many trees should you stock through the holiday season?
6. Please see inventory related information for Dell and HP in the year 2012 below:
| Types of inventory | Dell | HP |
| Cost of Goods Sold | $10,105 | $21,820 |
| Production materials (PARTS) | $750 | $3,340 |
| Work in process inventory (WIP) | $621 | $2,685 |
| Finished goods inventory (FGI) | $499 | $1,925 |
What are the days of supply for Dell?
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