Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

problem 1: A firm desires to control the inventory levels so as to minimize the sum of holding and order costs. This costs the firm $20 to place an order. The firm estimates its yearly inventory carrying costs at 20%. Weekly demand is 100 units, and there are 50 weeks in the work year. The item costs $10 per unit. The EOQ is around:

A. 316   
B. 224   
C. 145   
D. 45   
E. 32

problem 2: Lincoln Machine Tool Company maintains an inventory pool comprising of 10 items. Each of such items has a unique demand pattern and might need a different type of inventory management system. The annual demand pattern and the unit cost of such items are given in the following table. Categorize the items in A, B, and C categories according to annual dollar usage.

886_inventory pool.jpg

Item 7 will be categorized as:

A. A item   
B. B item   
C. C item   
D. None of the above

problem 3: By using the data of problem 2, Item 6 will be categorized as:

A. A item   
B. B item   
C. C item   
D. None of above

problem 4: By using the data of problem 2, Item 8 will be categorized as:

A. A item   
B. B item   
C. C item   
D. None of above

problem 5: One end item A needs three component parts: B, C, and D. The bill of material points that for each completed A, 3 units of B, 2 units of C, and 1 unit of D are required. Current inventory for the four items is as follows: There are 18 As, 40 Bs, 50 Cs and 35 Ds in stock. If the lead time for all items is one week and there are no scheduled receipts for any item, how many units of product A can be delivered to customers at the beginning of next week (week 2)?

A. 35   
B. 31   
C. 25   
D. 13   
E. None of above

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M96661
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question? 


Related Questions in Operation Management

The workforce is the second most important resource

The workforce is the second most important resource available to management. The first is the customer. The workforce is needed to deliver high-quality products and services. They need to be in a state of self-control to ...

In a paper provide a detailed explanation of how the

In a paper, provide a detailed explanation of how the knowledge gained in this course provided you with an understanding of a critical component of project management: EVM, financial and costing management techniques. Ho ...

Discuss one of the following questions using information

Discuss one of the following questions using information you have gained from this week's readings: a. Should an employee have a duty to do his very best on behalf of his employer? c. Should employers be liable for the c ...

Colonel motors an automobile company has prepared a

Colonel Motors (an automobile company) has prepared a marketing campaign for its best-selling car. The focus of the campaign is quality, and it is claimed that 97 percent of the purchasers of this car have no complaints ...

Directions you are to research at least 3-4 recognizable

Directions: You are to research at least 3-4 recognizable named companies that issue a formal code of ethics, i.e. Ben & Jerry’s, Hospital of Special Surgery, Stonyfield Organic Yogurt, etc. You may also examine the code ...

Adding a new facility locationoperations management is a

ADDING A NEW FACILITY LOCATION Operations management is a very broad field of study and you have covered a lot of material in the first half of the course. QUESTION Using a real service or manufacturing operation that yo ...

The marketer must constantly monitor the legislative and

The marketer must constantly monitor the legislative and judicial processes in the United States to stay abreast of new legislation and court decisions that might impact the marketing environment. The marketer cannot exp ...

Discuss the relationship between innovation and a balanced

Discuss the relationship between innovation and a balanced strategic planning approach. Incorporate references to your work experience where appropriate. Justify your perspective.? Remember to be thorough when answering ...

Suppose you have started a new business of making a

Suppose you have started a new business of making a wireless and waterproof Bluetooth headset with a waterproof rating of IPX8. The Strategic Focus and Plan sets the strategic direction for the entire organization, a dir ...

Discuss with your class the key factors for future

Discuss with your class the key factors for future competitive success. List the common types of key success factors and answer the following questions: • On what basis do buyers of the industry’s product choose between ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate