Question: This is project section for survey 1) By and Answering the following parts, which one was the easiest to answer. Thanks :) The demand for

This is project section for survey

1) By and Answering the following parts, which one was the easiest to answer. Thanks :)

The demand for a product is 1000 units per year. Ordering cost is $20 and holding cost is $4/unit/year The cost-minimization solution for this product is to order

O a all 1000 units at one time

Ob 10 units per order

O c, every 10 days O

d. 10 times per year

O e none of the above

The intended width of a bronze bar is one-eight of an inch (0.125 inches). Inspection samples contain 4 rods each. The average range of these samples is 0.01 inches. What are the 3-sigma upper and lower control limits for the mean of this process?

O a 0 0354 and 0.0004

O b.0.3750 and 0.0413

Oc0.1323 and 0.1177

Od. 0.8954 and 4.8759

The Deming Prze is a quality award that was instituted by

Oa Japan

Ob the United States

Oc The Worid Academy for Science and Quality

Od the European Community

O e. The North American Council for Quality Standards

Daily demand for a dishwasher water pump is 30 per day, on average. The standard deviation of daily demand is 5, and the order lead time is 4 days. The desired service level is 95% What should the re-order point be? O a less 130

O b. between 130 and 140

Oc between 140 and 150

Od. between 150 and 160

O e more than 160

Demand for a product is 4000 units per year Ordering cost is $20 and holding cost is $4 per unit, per year The EOQ model is approprate. The cost-mnimizing sokution tor thes product will cost $ per year in total annual inventory costs

Oa 800

Ob 400

Oc 200

Od. 4000

O e cannot be determined because unit price is not known

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!