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!
Mobil Films buy a petroleum based raw material that it uses in its production process for films. The production process demand for this raw material can be approximated by a Normal random variable with mean 16000lbs and standard deviation 5000lbs per day. The supplier of the raw material is far away, and it takes 10 days for the supplier to deliver an order. Each time an order is issued to the supplier Mobil Films incur $375 fixed transportation cost and an additional $55 for handling the paperwork. Annual holding cost for each pound of raw material is 12% and each pound of raw material costs $1.12. Assume that the plant works for 320 days a year. Mobil Films use (r,Q) model to manage inventory and issues orders according to the EOQ.
a) What is the order quantity for raw materials in lbs?
b) If Mobil Films would like to be in stock 97% of all reorder periods, what would be the inventory level that Mobil Films should issue an order?
c) Based on your result in part b, what is the level of pipeline inventory: _____________
what is the level of safety stock: _____________
d) What is the total annual cost per year in managing this raw material inventory?
What is required to unseat a federal Supreme Court judge?
Provide one major difference between nontariff barriers and protectionism. Describe briefly what is meant by the “silent” language of cultures. Provide an example.
An order of relief means the. Who among the following is eligible for Chapter 11 reorganization?
Under what circunstances an award could not be vacated under the Federal Arbitration Act? a) Where the arbitrator's ruling is contrary to other rulings in similar cases, b) Where the award itself was acquired through fraud, c) Where evidence was avai..
United Hardware, a small manufacturer of specialty hardware fixtures, is having a rough time due to the general economic downturn
Outline the steps a large high-technology organization goes through to identify its plan for personnel acquisition for the next year. Identify the uncertainties that apply to each step.
What is the forecast for this year using the last-value forecasting method?
Which of the following would NOT be a good place to obtain audience analysis research?
Calculate the monthly usage index for each month. Use simple linear regression to forecast total usage of pallets for year 5. Forecast the seasonally adjusted usage for pallets for each month in year 5.
We looked at the competitive dynamics of an industry through the lens of a specific firm in that industry.
What role does quality measurement play in assessing the performance of health plans and in assessing the impact of price competition? Would you join a health plan simply because it had the lowest cost, without any information on quality?
When one commits a criminal act, that wrongful deed is: The theft of valuable business information, such as a trade secret is: If a person engages in illegal activities, such as drug dealing, and one hides the origins of the income, besides tax probl..
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