Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

problem 1: One part of a PERT project, installing equipment, will most probable be completed in 7 days. Though, if there are no worker absences, the equipment can be installed in 4-days. If a member’s the work force happens to catch the Bubonic Flu, this year's disease, the installation will take 16-days. Determine the expected time (te) for the equipment installation?

A. 4 days   
B. 7 days   
C. 8 days   
D. 12 days   
E. 16 days

problem 2: Given that the unit cost = $25, annual carrying charge = 10%, annual demand = 4000 units and ordering cost = $15 per order. Suppose that there are 50 weeks in the work year and 5 working days per week. The lead-time for the product is 2 weeks. Then EOQ is:

A. 21.91 units   
B. 154.92 units   
C. 219.09 units   
D. 300 units   
E. None of above

problem 3: By using the data of problem 2: If 200 units are ordered each time, and then determine the total annual holding cost?

A. $150   
B. $250   
C. $300   
D. $500   
E. $200

problem 4: By using the data of problem 2: If 200 units are ordered each time, how many orders will be placed in a specific year?

A. 2   
B. 5   
C. 10   
D. 20   
E. 25

problem 5: By using the data of problem 2: If 160 units are ordered each time, then find out the time between orders (in working days) is:
A. 2   
B. 5   
C. 10   
D. 20   
E. 25

problem 6: By using the data of problem 2: If 200 are ordered each time, and then determine the total annual order cost?

A. $50   
B. $100   
C. $200   
D. $250   
E. $300

problem 7: Use the data of problem 2 and suppose no safety stock or service level requirement. In order not to run out of stock before the receipt of a new order, at what inventory level must the firm place an order? That is, what is the reorder point equivalent to?

A. 40   
B. 160   
C. 266   
D. 400   
E. 500   

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M96656

Have any Question? 


Related Questions in Operation Management

Identify and discuss the frame of reference most likely

Identify and discuss the frame of reference most likely adopted by the managers of Jack & Jill Clothing Manufacturers and explain how it can influence strategic employment relations decisions. Would you agree that they a ...

The retrospective survey like other surveys offers a degree

The retrospective survey like other surveys offers a degree of information gathering as well as accountability. In this week’s discussion consider how and when you would use this approach? Is the retrospective survey nee ...

As part of a marketing research committee for your

As part of a marketing research committee for your organization, you have been assigned the task of preparing a 700-word research paper about current microeconomic thought and theory. Use Principles of Microeconomics, Ch ...

Describe one of the deming and juran approaches to quality

Describe one of the Deming and Juran approaches to quality improvement and how its use might affect a company. What would be some of the advantages? What would be some of the initial difficulties that may be encountered ...

Business law caselori has a small nail and make-up business

Business Law Case: Lori has a small nail and make-up business, but she is very creative and has a large inventory of cool new products in which she tries to interest her clients. Unfortunately, it is a very competitive i ...

Kantrsquos second categorical imperative statesthat an

Kant’s second categorical imperative states: that an action is morally right if, and only if, in performing the action, we do not use others merely as a means for advancing our own interests, but also both respect and de ...

Compare and contrast the strategic opportunities for hrm in

Compare and contrast the strategic opportunities for HRM in the formation process of cross-border mergers, acquisitions and international joint-ventures.

Consider if you will that you are a member of the perceived

Consider if you will, that you are a member of the perceived out-crowd and that your group has traditionally completed whatever you were assigned with speed, accuracy, and efficiency. The in-crowd is new, inexperienced a ...

Communication in crisis situationsmany times the

Communication in Crisis Situations Many times, the communication that has to go out is not good news, but rather bad news. We see crisis situations all the time in businesses, and the communication about those crises mus ...

You are the workforce scheduler at your company and you

You are the workforce scheduler at your company, and you have been asked to consider two increases in workforce. The first option is a 10% increase in workforce of the marketing department, and you are estimating that it ...

  • 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