7 Consider the bill of materials (BOM) shown to the right.If inventory consists of 3 units of B, 1 unit of F, and 4 unitsof G, how many units of G, E, and D must be purchased toproduce 6 units of product A?units of item E, andresponses as integers.)unit(s) of item G. [units of item D. (Enter yourHD (1)LT=3B (3)LT=2E (2)LT=6LT=1F (1)C (1))LT=1G (1)LT=3LT=3D (1)LT=3

A Bill of Materials (BOM) is a list of all parts needed to produce a product. It contains the…

Answered: Consider the bill of materials (BOM)…

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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39) please help me with this Item X Is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2.700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $20 c. What is the annual cost for storing item X? Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.
1. Gursoy Manufacturing Company originally estimated its annual demand for item XYZ as 8000 units per year at a unit cost of $10. The order cost is $30 and the holding cost per unit is $3 annually. Gursoy has discovered at the end of the year that annual demand is only 6000 units and holding cost per unit per year are closer to $4. The only good news is that Gursoy figured orders cost $25 to place instead of $30 each. Gursoy now wants to know the significance of these mistakes on last year's decisions. a) What was the combined effect of these errors on the economic order quantity for item XYZ? b) What was the individual effect of each error on item XYZ economic order quantity? c) What was the combined effect of these errors on the minimum total variable cost (fixed order cost and holding cost) of item XYZ for last year? d) What was the individual effects of each error in demand on the minimum total variable cost for last year?
[item no. 9] In marginal analysis with discrete distributions for single-period inventory models, the value of ML/(ML+MP) is 0.8. The probability distribution of sales is given by the following by the table below. Find the optimal number of units to order. Daily demand 80 90 100 110 120 Probability that demand will be at this level 0.10 0.20 0.30 0.30 0.10 a. 90 units b. 110 units c. 100 units d. 80 units
Please do not give solution in image format thanku What are order cycle costs if annual demand is 8,000 units, with the following order quantities and annual order cost is $97? a. Order quantity of 1,000 = b. Order quantity of 500 = C. Order qty of 8,000 =
39 Item X Is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $20. a. Whenever item X is ordered, what should the order size be? Note: Round your answer to the nearest whole number. b. What is the annual cost for ordering item X? Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.
The primary objective in determining the Economic Order Quantity (EOQ) for an item is to: O minimize the quantity of the item ordered from the supplier each time. O minimize the annual total inventory cost for that item. order the item from a supplier located in close proximity. O maximize the time between orders. O find a quick and easy way to answ dependent or independent. the lot sizing question, regardless of whether the demand for the item is
Abey Kuruvilla, of Parkside Plumbing, uses 1,350 of a certain spare part that costs $24 for each order, with an annual holding cost of $25. Part 2 a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your responses to two decimal places). Order Size Total Cost ($) 25 enter your response here 40 enter your response here 50 enter your response here 60 enter your response here 100 enter your response here b) What is the economic order quantity?units (round your response to two decimal places).
Reorder PointConsider an economic order quantity case where annual demand D = 1,000 units, economic order quantity Q = 200 units, the desired probability of not stocking out P = .95, the standard deviation of demand during lead time σL = 25 units, and lead time L = 15 days. Determine the reorder point. Assume that demand is over a 250-workday year.
Abey Kuruvilla, of Parkside Plumbing, uses 1,230 of a certain spare part that costs $24 for each order, with an annual holding cost of $25. Part 2 a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your responses to two decimal places). Order Size Total Cost ($) 25 enter your response here 40 enter your response here 50 enter your response here 60 enter your response here 100 enter your response here b) What is the economic order quantity? units (round your response to two decimal places).
How do I find the Economic Order Quantity (EOQ), the optimal order quantity, and the total annual inventory cost (TC) for the products shown in the attached screenshot? Would the EOQ be ((2*C2*E2)/D2)^(1/2) for the CPU? What about the optimatal order quanitity and total annual inventory cost?
a school consumes liquid detergent annually. see related info, below: D = 408 gallons per year S = $20 H = $15 per gallon range price 1 to 179 $40 180 to 249 37.25 250 or more 37.19 A. initial EOQ (common minimum) is _____ (round up) B. total cost (at initial EOQ) is ___ (2 decimals) C. overall optimal order quantity is ___ show solutions
The two most important inven tory-based questionsanswered by the typical inventory model are:a) when to place an order and the cost of the order.b) when to place an order and how much of an item to order.c) how much of an item to order and the cost of the order.d) how much of an item to order and with whom the order should be placed.

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