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