Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
EOQ / (Q,r) policy: Suppose you are playing the Littlefield Game and you forecast that the daily demand rate stabilizes after day 120 at a mean value of 15 units per day with a standard deviation of 4 units per day. Each customer demand unit consists of (is made from) 60 kits of material. The cost per kit is 10$ and so the unit cost is 600 $/unit. The effective annual interest rate for carrying inventory is 10%; and the company operates for 350 working days each year. The fixed order cost is 1000 $/order. The lead time for delivery of kit replenishment orders placed with the supplier is 4 days. Item inventory replenishment is automatically controlled using a computer program that follows a (Q,r) policy. [Caveat note: The data above may or may not correspond to the data in your actual Littlefield game play.]
A) Calculate a good value for the order quantity Q and a good Power-of-Two reorder interval in days corresponding to your Q (clearly show the approach you used to pick your Power-of-two reorder interval). By what percentage does the power-of-two reorder interval increase relevant annual fixed order and inventory cycle-stock holding costs, relative to the optimal [economic] reorder interval?
B) Calculate a good reorder point, r, corresponding to a target in-stock service level probability or critical ratio of 90%. How much cost does the demand uncertainty add to your relevant annual inventory cost (due to the safety stock)? Why is it worth adding these costs?
C) Ceteris paribus (all else remaining equal), how much does your relevant annual cost increase if you doubled your order quantity? Ceteris paribus, how much does your relevant annual cost increase if you doubled your reorder point?
Using the patient discharge process in the document – "Patient Discharge Process B", explain how the hospital benefits from an ERP solution. Describe why integration of patient records in one system is better than spreading patient records across sep..
How do you rate online education? Please discuss both the pros and cons and how online education compares to face-to-face classes.
Why is a people strategy strategic? Provide an example to validate your answer.
Based upon your professional experience or a recent event, provide an example of how an organization successfully or unsuccessfully incorporated risk managBased upon your professional experience or a recent eventement into their strategic plan. What ..
Describe current issues in business that impact operations management, Please provide a response to the following discussion topic: Agility refers to the ability of an organization to respond quickly to demands or opportunities.
You are a vice-president of operations for a fortune 500 company and have six area managers reporting g to you. Using Rokeach's value classification system, identify and explain the key values your managers are most likely to perceive as the most imp..
(Rewards in the pleasure center of the brain reinforce behavior so) Either we make decisions in order to feel good or the brain is not in control of our decisions. The brain is in control of our decisions, so we make decisions in order to feel good (..
You are the purchasing director for Midas Gold Corporation. What is your response to the request for the new machine? Identify any concerns that you have.
Explain the relationship between globalization and democracy. Is there a causal link between these two notions? Does globalization preclude or promote deliberative democracy worldwide?
Compose a written essay of 1000 words in length. The main requirement is using Department of Defense polices that influences Defense Support of Civil Authorities. Methods for increasing a State’s capacity to respond to disasters? Statutory provisions..
Read the two (2) versions of the article titled: The Objectification of Women. Whose Fault Is it? by Santi DeRosa in Chapter 8. Identify the thesis statement of each version. Summarize the second or final version. Note any changes between the first ..
Create a WBS for a project of interest, such as building a house or planning a wedding. You do not have to select one of those two. In fact I encourage you to be creative. Describe the level of detail that should be included and the format of the WBS..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd