Ask Management Information System Expert

1. What is the Master Production Schedule and what does it provide for the MRP procedure?

2. What is nervousness in an MRP system? How is it caused? Why is it bad? What are some things that can be done to prevent it?

3. Every year, the local Fire house sells calendars that has pictures of the "Fireman of the Month" and some local coupons on the back page as a fundraiser.They use the proceeds to support the local Boys and Girls Club and are a big hit in the community.The once-a-year order for each year's calendar arrives in September.From past experience, the September-to-July demand for these calendars can be approximated by a normal distribution with a mean of 2500 and a standard deviation of 400.The calendars cost $4.00 each to print and are sold for $10.00 each

A. If the firemen throw out all unsold calendars at the end of July (i.e., salvage value is zero), how many calendars should be ordered?

B. If the firemen reduce the price of the calendars to $3.00 at the end of July and can sell all surplus calendars at this price, how many calendars should be ordered?

C. Comment on the difference in the 2 numbers and why you think they might be different.

4. Monthly demand for an inventory item is normally distributed with a mean of 20 units and a standard deviation of 2.Demand follows this distribution every month, 12 months a year.When inventory reaches a predetermined level, an order for replenishment is placed.The fixed ordering cost is $60 per order.The items cost $4 per unit and the annual inventory holding cost is 25 percent of the average value of the inventory.The replenishment lead time is exactly 4 months.

A. Determine the EOQ.

B. Determine the reorder point and safety stock to achieve a 90 percent service level. (Recall that the reorder point = Demand During Lead Time + Safety Stock.Also, remember that the standard deviation of demand during lead time is

C. Assume that a 10 percent "all units" discount will be given if the order quantity is greater than or equal to 100 units.What order quantity would you recommend with this offer?

5. John Jacobs recently invented a new holder for Keurig Coffee pods and it is selling very well.It is scheduled to be featured in 5 weeks on Good Morning America's hot products and he expects sales to remain strong for several weeks afterward.John is very excited about this opportunity and wants to make sure that he has enough product ready for the promotion.He has worked with his advertiser and produced the expected weekly demand for the next 12 weeks below.

Each holder requires 1 base, 4 legs, and 4 screws. The ordering specifics for each are as follows:

Final Product (Holder) - Lead Time 1 week, Lot for Lot, Initial Inventory =75

Base - Lead Time 4 weeks, Fixed Order Quantity of 100, Safety Stock of 50, Initial Inventory = 500

Legs - Lead Time 2 weeks, Lot for Lot, Safety Stock of 200, Initial Inventory = 200

Screws - Lead Time 1 week, Fixed Order Period of 2 weeks, Initial Inventory = 1000

Generate the MRP for the Final Product, Base, Legs, and Screws given the following demand for the holders. Denote any expedited orders with an * by them.

Week

0

1

2

3

4

5

6

7

8

9

10

11

12

Demand


75

75

100

300

1200

900

850

800

700

750

600

550

Management Information System, Management Studies

  • Category:- Management Information System
  • Reference No.:- M92645625

Have any Question?


Related Questions in Management Information System

Search the csu library the internet or any specific

Search the CSU library, the Internet, or any specific websites, and scan IT industry magazines to find an example of an IT project that had problems due to organizational issues. Write a paper summarizing the key stakeho ...

Question how can company protect the new emerging

Question : How can company protect the new emerging technology ventures from profit pressures of the parent organization (APA format required, Turntin check required . Minimum 250 words essay) How do companies overcome l ...

Communication and team decision makingpart 1 sharpening the

Communication and Team Decision Making Part 1: Sharpening the Team Mind: Communication and Collective Intelligence A. What are some of the possible biases and points of error that may arise in team communication systems? ...

Question provide an explanation of ifwherehow does active

Question : Provide an explanation of if/where/how does Active Directory support network security,14 pages (2,000-2,500) in APA format. Include abstract and conclusion. Do not include wikis, message boards, support forums ...

Question how companies could effectively use emerging

Question : How companies could effectively use emerging technology to win over its competitors. APA format required. 250 words essay required. The response must be typed, single spaced, must be in times new roman font (s ...

Question how customers could effectively use emerging

Question : How customers could effectively use emerging technology to win over its customers. APA format required. 250 words essay required. turntin check require. The response must be typed, single spaced, must be in ti ...

Part 1 - create an 8 slide powerpoint presentation on

Part 1 - Create an 8 slide PowerPoint presentation on foundational concepts specific to physical security. Part 2 - Write 4 pages detailing the framework for the design of an integrated data center. Assessment Instructio ...

In chapter 2 of the text - managing amp using information

In Chapter 2 of the text - Managing & Using Information Systems: A Strategic Approach, the chapter discusses why information systems experience failure often because of organizational strategy. A classic example of this ...

Review at least 4 articles on balanced scorecard and

Review at least 4 articles on Balanced Scorecard and complete the following activities: 1. Write annotated summary of each article. Use APA throughout. 2. As an IT professional, discuss how you will use Balanced Scorecar ...

Data resources management questionsq1 the dama dmbok

Data Resources Management QUESTIONS Q1. The DAMA DMBOK textbook describes the following two core activities as part of the Data Architecture management exercise: "Understanding enterprise information needs" and "Develop ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As