Lot Size:Allocated:1200Safety Stock: 10Lead Time: 3Gross RequirementsScheduled ReceiptsProjected On-handProjected AvailableNet RequirementsPlanned Order ReceiptsPlanned Order Releases1401401002406034020120PeriodsDisaurch44010080564040640047. The situation presented in the chart above is in proper balance. If the demand in the fourth period were to bechanged from 40 to 10, which of the following would be true?The on hand would reach 10 in Period 4 but no action would be recommendedA recommendation to increase the scheduled receipt of 100 to 120 and toreschedule it from Period 4 to Period 3 would be made.A recommendation to reschedule the scheduled receipt of 100 for Period 4 toPeriod 5 and to cancel the planned order release for 120 in Period 3 would bemadeA recommendation to reschedule the scheduled receipt of 100 for Period 4 toPeriod 5 would be made with no other changes needed

Ans) When demand is changed to 10. There is enough on hand that all future demands can be satisfied,…

Answered: 120 Lot Size: 0 Allocated: Safety…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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7. The following were taken from the records of Sauyo Company: Year Cost of Beginning Ending Good Sold Inventory Inventory (In Pesos) (In Pesos) 340,500 25,300 30,200 2. 435,040 30,200 35,400 520,400 35,400 36,400 4 547,500 36,400 38,300 600,700 38,300 39,000 Required: Compute the inventory turn-over for year 5. Round off answer to whole number.
UNCERTAIN DEMAND Lead time demand for an item averages 100 units, with a standard deviation of 30. The order quantity is 200 units. Management desires that 99 percent of all demand be met from stock. a) What is the optimal order point? b) Suppose management wanted a 98 percent service level; what would be optimal order point be c)Suppose management wanted 90 service level. Compute the optimal order point
Demand for portable music players for joggers has caused Nancy Industries (Nancy) to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nancy expects demand for music player to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demands for the players for last year was as follows : Month Demand (units) Jan 4200 Feb 4300 Mar 4000 Apr 4400 May 5000 Jun 4700 Jul 5300 Aug 4900 Sep 5400 Oct 5700 Nov 6300 Dec 6000 Question : From the choice of simple moving average, weighted moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate to Nancy Industries? Why?
The safety stock in re-order point system:a) shall with a certain probability cover demand exceedingthe expected during the lead-timeb) is a non-linear function of lead-timec) is not depending on the order-quantityd) all of the above.
8. Assumptions of the EOQ model include: A. Demand is normally distributed. C. There is instantaneous order receipt. B. Lead time is normally distributed. D. Backorders can occur.
1. Forrest and Dan make boxes of chocolates for which the demand is uncertain. Forrest says, "That's life." On the other hand, Dan believes that some demand patterns exist that could be useful for planning the purchase of sugar, chocolate, and shrimp. Forrest insists on placing a surprise chocolate-covered shrimp in some boxes so that "You never know what you'll get." Quarterly demand (in boxes of chocolates) for the last three years is shown in the table below: b. If the expected sales for chocolates are 14,400 cases for year 4, use the multiplicative seasonal method to prepare a forecast for each quarter of the year. (Round all intermediate calculations to two decimal places.) The first quarter forecast is what? boxes of chocolates. (Enter your response rounded to the nearest whole number.)
Josie Gall's firm has developed the supply, demand, cost, and inventory data that follow. Supply Available Period 1 2 3 Regular Time 40 35 40 Overtime 15 15 15 Subcontract 10 10 10 Demand Forecast 30 units $100 $150 $200 $6 50 65 55 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit Carrying cost per unit per month Assume that the initial inventory has no holding cost in the first period, and backorders are not permitted. Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is (Enter your response as a whole number.)
2) Daily demand for a product is normally distributed with a mean of 100 and a standard deviation of 12. The lead time is normally distributed with a mean of 5 days and a standard deviation of 1.5 days. a) What is the ROP to satisfy a %90 probability of not stocking out? b) What is the safety stock? c) What is the probability of stocking out if the manager has decided not to keep any safety stock? What is the Z value, and what is the probability?
A initially assume that Phi wants to minimize his inventory requirements. Assume that each order will be only for what is required for a single period. Calculate the net requirements and planned order releases for the gear boxes and input shafts. Assume that lot sizing is done using a lot-for-lot (L4L). Gear box requirements Week 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements Scheduled receipts Projected available balance Net requirements Planned order receipt Planned order release Input shaft requirements Week 1 2 3 4 5 6 7 8 9 10 11 12 Gross requirements Scheduled receipts Projected available balance Net requirements Planned order receipt Planned order release
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