Friday
August 22, 2014

Posts by trai


Total # Posts: 6

quantitative methods for business
A product with an annual demand of 1000 units has Co = $25.50 and Ch = $8. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with μ = 25 and σ = 5. 1. What is the recommended order quantity? 2. What are the ...
July 19, 2013

quantitative methods for business
A perishable diary product is ordered daily at a particular supermarket. The product, which cost $1.19 per unit, sells for $1.65 per unit. If units are unsold at the end of the day, the supplier takes them back at a rebate of $1 per unit. Assume that daily demand is ...
July 19, 2013

quantitative methods for business
A manager of an inventory system believes that inventory models are important decision-making aids. Even though often using an EOQ policy, the manager never considered a backorder model because of the assumption that back orderes were “bad” and should be a avoided. ...
July 19, 2013

quantitative methods for business
El Computer produces its multimedia notebook computer on a production line that has an annual capacity of 16,000 units. The cost to set up the production line is $2345, and the annual holding cost is $20 per unit. Current practice calls for production runs of 50 notebooks ...
July 19, 2013

quantitative methods for business
Cress Electronic Products manufactures components used in the automotive industry. Cress purchases parts for use in its manufacturing operation of different suppliers. One particular supplier provides a part where the assumptions of the EOQ model are realistic. The annual ...
July 19, 2013

quantitative methods for business
Metropolitan Bus Company purchases diesel fuel from American Petroleum Supply. American Petroleum Supply charges $250.00 to cover delivery expenses. The lead time for a new shipment from American Petroleum is 10 days and the cost of holding a gallon of fuel in storage is $0.04...
July 19, 2013

Pages: 1

Search
Members