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Greener Pastures Incorporated (GPI) produces a high-quality organic lawn food and weed eliminator called Super Green (SG). Super Green is sold in 50-pound bags. Monthly demand for Super Green is 75,000 pounds. Greener Pastures has capacity to produce 33,000 50-pound bags per year. The setup cost to produce Super Green is $300. Annual holding cost is estimated to be $5.00 per 50-pound bag. Currently, GP is producing in batches of 2,100 bags.(Round your intermediate calculations to 4 decimal places, and your final answer to 2 decimal places.)Calculate the total annual costs of the current operating policy at GPI.Calculate the economic production quantity (EPQ).?bagsYour new company has decided to use a periodic review system. You have learned that average weekly demand is 46 units per week with a standard deviation of 9 units. You believe that your cycle-service level should be 94 percent. Lead time is two weeks. Initially, you believe that you should do a review every Friday.(Round your intermediate calculations and final answers to nearest whole numbers, the tolerance is +/-1.)Determine the required safety stock and the target inventory level.Safety stock = ?unitsTI = ?unitsHow would this procedure change if the cycle-service level needed to be 98 percent?safety stock becomes , and the target inventory becomes What is the impact of changing the review period from every Friday to every other Friday, assuming that the cycle-service level is 93.9 percent?Safety stock = ?unitsTI = ?unitsHealthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates fifty weeks per year and can produce 250,000 pounds per week. The setup cost is $200 and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. Determine what will happen if HP uses the economic production quantity model to establish the quantity produced each cycle.(Round your answers to 2 decimal places, the tolerance is +/-0.01.Do not round your intermediate computations.)(a) Calculate the economic production quantity (EPQ)pounds or bags(b) Calculate the maximum inventory level using the EPQpounds or bags(c) Calculate the total annual cost of using the EPQ(d) Calculate the penalty cost HP is incurring with its current policy
You are thinking of opening a copy shop. It costs $10,000 to rent a copier for a year. It costs $0.025 per copy to operate the copier
sales estimates are $120,000, $140,000, $160,000 also $180,000 for respective quarters. Seasonal indices for 4 quarters have been found to be 1.25, .90, .75 also 1.10, respectively. Compute a seasonal zed or adjusted sales forecast.
The key points in Chapter 12 tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.
A drugstore uses fixed review period inventory system for many of the items it stocks. The manager wants a service level of 98%. The order interval is 2 weeks,
Name two foreign markets in which a household appliance manufacturer would be interested in investing also two markets in which it would have no interest in investing. Illustrate what are the advantages also disadvantages of direct investment in a ..
The stamping operation takes 1 minute per T-shirt, and the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?
Subsequent precedence diagram reflects three time estimates for each activity. Evaluate: Expected completion time for each path also its variance.
Whole Foods buys organics beets from two suppliers, one in Ames and one in Zearing. The price per unit of the Ames beets is $4.50 and the price per unit of the Zearing beets is $7.00.
What is the role that norms and culture play in a change program? Define all and explain. Identify all forces that increase the inclination of the client system to accept the proposed changes.
Elucidate what is the lowest cost achievable for the production also distribution network after the merger if plants can be scaled back or shut down in batches of 10 million units of capacity. Which plants serve which markets.
What do you think will happen to HRM in the future? What do you think of this prediction for HRM? Is it likely to come true? If so, why? If not, why not?
What is the difference between assignment of contract rights and delegation of contract duties? Illustrate your answer with examples.
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