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!
Inventory Management
A local service station is open 7 days per week, 365 days per year. Sales of 10W40 grade premium oil average 18 cans per day. Inventory holding costs are $0.55 per can per year. Ordering costs are $8 per order. Lead time is two weeks. Backorders are not practical – motorists drive away. The boss is concerned about inventory because demand really varies. The standard deviation of demand was determined from a data sample to be 6.15 cans per day. The manager wants a 94% service level.
a. Illustrate the order quantity, reorder point, safety stock and lead time on a diagram where the Y-axis represents the number of oil cans and the x-axis represents the time. What is the maximum possible inventory in the system at any point of time?
the manager of a carwash must decide whether to have 1 or 2 wash lines. 1 line will mean a fixed cost of $6000/month and 2 lines will mean a fixed cost of $10,500/month.
Explain what you have learned about the principles guiding general education from this course and the courses you have taken in the past. What are the most important concepts you have learned (a) from this course and (b) throughout your time as a ..
What are the differences between the general environment and the industry environment and why are these differences important
A product requires 32 distinct steps to manufacture, with a total work content of 67 minutes. what level of throughput efficiency (TE) will be achieved?
Discuss the concept of "image." How does image affect one's interpretation of an organization? How does it affect how one approaches organizational issues? How does image affect function and outcomes in an organization?
Determine which statistical technique you will employ to measure the quality characteristics of your organization. Provide examples to support the rationale. Analyze the current facility location, and then use the three-step procedure to determine ..
Pricing objectives for service offerings may change as the carrier moves through its product life cycle. Briefly describe at least three examples of different pricing objectives.
Having been in a good business for years, a bakery shop is now considering an upgrade. Which alternative should Hilda choose?
The Green Organization has been very impressed with your work as a Performance Consultant.
Select and review Operations and Supply / Value Chain as well as the global competitive landscape for one company in your industry using the IBISWorld and Mergent Online databases found in the University Library along with official company reports..
A seasonal index for a monthly series is about to be calculated on the basis of the past four years' accumulation of data. the four previous July values were 110, 135, 125, and 130.
The Delicious Apple Company has orchards in Red City, Golden, and Macville Estimated amounts of apples to be available from the three orchards are the following-Solve the problem for optimal answer and provide the value of the objective function an..
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