Reference no: EM131371657
BCE Industries repairs high-end testing equipment using parts it purchases from the factory. One particular part, the X1000, has the following demand and lead time information:
Estimated annual demand for X1000: 1000 (20 per week X 50 weeks)
Item purchase cost: $2,000 per unit
Typical lead time: 4 weeks, with no variability in lead time
Variance of weekly demand: 16 units
Holding cost per unit per year: 80% of item cost
Ordering cost: $50 per order
Desired cycle service level: 95% (z = 1.65)
What is the economic order quantity and reorder point for the X1000? How much of the reorder point represents safety stock? Limit your answer to the space below and round your final answers to the nearest whole number.
The factory that supplies BCE Industries has offered to keep X1000 inventory closer to BCE. The effect of this would be to reduce the lead time for the X1000 to 1 week.
In return, the factory wants to charge BCE $5,000 a year. What would be the impact on required safety stock and inventory holding costs if lead time goes to 1 week? Should BCE accept the factory’s offer or not? Justify your answer.
Prepare a paper on the importance of the price proposal
: Pricing Proposal and Determination- Prepare a paper on the importance of the price proposal and audit determinations. Include at least 3 references.
|
Summarize the token passing network access method
: Summarize the token passing network access method.
|
The public duty doctrine has been characterized as duty
: The public duty doctrine has been characterized as duty to all but duty to no one. This raises interesting questions in regards to how to proceed when errors occur in the public sector. To illustrate, Josie wants to open a coffee shop and finds an em..
|
Define the term access method as it applies to a network
: Define the term access method as it applies to a network.
|
What is the economic order quantity and reorder point
: BCE Industries repairs high-end testing equipment using parts it purchases from the factory. What is the economic order quantity and reorder point for the X1000? How much of the reorder point represents safety stock? Limit your answer to the space be..
|
Name three common types of transmission media
: What are the three general levels of functionality of industrial networks?
|
Define an element with a name of measurement
: Define an element with a name of "measurement". Within "measurement", define a complex type. Within this complex type, define a choice with minOccurs and maxOccurs both equal to "1".
|
How would this change under each of the stated options
: Dawn Henlee, manager of the Hotel California, is considering how to restructure the front desk to reach an optimum level of staff efficiency and guest service. Determine the average amount of time that a guest spends checking in. How would this chang..
|
Define social psychology
: Define social psychology.Discuss how social psychology can be applied to one of the helping professions (counseling, social work, education, law enforcement, and so on), organizational leadership, or management.Provide an example of how social res..
|