Business, 20.03.2020 02:02 tommyaberman
Sports Apparel (our newest division) makes Uniform shirts using a certain type of cotton. The demand for this cotton is approximately normal, averaging 20 rolls per week, with a standard deviation of 6 rolls per week. Cost per roll is $24; ordering costs are $25 per order; inventory handling cost is $4.00 per roll per year. Acquisition lead time is four weeks. The manufacturing operation works 50 weeks per year, 5-day weeks per week. a. What is the optimal size of an order, if minimization of inventory system cost is the objective? b. What is the safety stock level needed if the desired service level is 90%? c. What is the reorder point if the desired service level is 90%?
Answers: 3
Business, 22.06.2019 02:50, vcornejo7
Seattle bank’s start-up division establishes new branch banks. each branch opens with three tellers. total teller cost per branch is $96,000 per year. the three tellers combined can process up to 90,000 customer transactions per year. if a branch does not attain a volume of at least 60,000 transactions during its first year of operations, it is closed. if the demand for services exceeds 90,000 transactions, an additional teller is hired and the branch is transferred from the start-up division to regular operations. required what is the relevant range of activity for new branch banks
Answers: 2
Business, 22.06.2019 04:50, smeeden
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
Business, 22.06.2019 05:00, jennemylesp19oy5
What is a sort of auction for stocks in which traders verbally submit their offers?
Answers: 3
Sports Apparel (our newest division) makes Uniform shirts using a certain type of cotton. The demand...
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