An auto manufacturer has orders from two dealers. Dealer D1 wants 29 cars, and dealer D2 wants 30 cars. The factory can fill the orders from either of twowarehouses, W1 or W2. W1 has 24 of the cars on hand, and W2 has 35. The costs to ship one car to each dealer from each warehouse are given in the table. Howshould orders be filled to minimize shipping costs? What is the minimum cost?TOD1 D2W1 $134$225FROM W2 $114$130-129112911-1301111241114225

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Answered: An auto manufacturer has orders from…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs to decide how many lots of the new beachwear to order for their stores. The marketing came up with a payoff table (see below) considering information about the price, projected sales level, and cost of inventory and ordering. DEMAND Order size Low Medium High 1 lot 12,000 15,000 15,000 2 lots 9,000 25,000 35,000 3 lots 6,000 35,000 60,000 The owner wants to use the Hurwicz method and gave the manager a Hurwica alpha (α) of 0.6. How many lots should the manager order?
Birka Styles & Co is introducing a new line of beachwear for their retail stores. The manager needs to decide how many lots of the new beachwear to order for their stores. The marketing came up with a payoff table (see below) considering information about the price, projected sales level, and cost of inventory and ordering. DEMAND Order size Low Medium High 1 lot 12,000 15,000 15,000 2 lots 9,000 25,000 35,000 3 lots 6,000 35,000 60,000 The owner found out that: P(Low demand) = 1/3; P(Med demand) = 1/2; P(High demand) = 1/6. Which of the following decision is NOT true? A)The best decision is to order 3 lots for a payoff of $29,500. The probabilities gave me enough information to perform a Laplace approach. B)The best decision is to order 3 lots for a payoff of $29,500. The probabilities gave me enough information to perform the EMV approach. C)The EVPI is $2,000. D)The EVwPI is $31,500.
A company manufactures two products A and B. Each A requires two C's and one D. Each D requires two F's and one E, while each E requires one F. Each product B requires one D and two E's. The table below shows data from the inventory records. DATA ITEM CATEGORY C D E F Lot-Sizing Fixed Order Fixed Order Period Order Lot for Lot Rule Quantity = 220 Quantity = 300 Quantity P = 2 Lead Time 3 weeks 2 weeks 3 weeks 2 weeks Scheduled 280 (week 1) None 300 (week 3) None Receipts Beginning 25 150 600 Inventory The MPS for product A calls for 85 units to be started in week 3 and 100 units to be started in week 6. The MPS for product B calls for 180 units to be started in week 5. Develop the material requirements plan (showing Gross requirements, Scheduled receipts, On hand inventory, Net requirements, and Planned-order release) for the next six weeks for items C, D, E and F.
Minimize z= 5.15x1+ 4.5x2 + 4.36x3 (hundreds of dollars) s.t: ?x1 + ?x2 + ?x3 > 140 ?x1 + ?x2 + ?x3 s 200 (production capacity: hours) (warehouse capacity; hundreds of sq. ft.) ?x1+?x2 = 5 (demand for 6 oz. giasses; hundreds of cases) x1, x2, x3 20 4.5X2 -1.25 Basis Св 5X1 4.36X3 S1 S2 a3 RHS -0.75 10.7 X3 1. 4.36 -0.13 11.25 1.25 -2.5 11.5 S2 0.1 X1 5.15 C-Z How much is it worth an extra hour added to b1 on the optimal solution?
V1 A local furniture store sells an average of 40 tables per week. The store orders 80 tables each time, and the ordering cost is $1,600 per order. 1. How many weeks are there between two consecutive orders? 2. What is the average weekly (total) ordering cost paid by the furniture store?
The primary objective in determining the Economic Order Quantity (EOQ) for an item is to: O minimize the quantity of the item ordered from the supplier each time. O minimize the annual total inventory cost for that item. order the item from a supplier located in close proximity. O maximize the time between orders. O find a quick and easy way to answ dependent or independent. the lot sizing question, regardless of whether the demand for the item is
The Great North Supermarket stocks Munchkin Cookies. Demand for Munchkins is 5000 boxes per year (365 days). It costs the store $60 per order of Munchkins, and it costs $0.70 per box per year to keep the cookies in stock. Once an order for Munchkins is placed, it takes four days to reveive the order from a food distributor. Determine the following: a. Optimal order size (EOQ) b.Minimum total annual inventoy cost c. Reorder point (R) d. Number of orders e. Time between orders
[item no. 9] In marginal analysis with discrete distributions for single-period inventory models, the value of ML/(ML+MP) is 0.8. The probability distribution of sales is given by the following by the table below. Find the optimal number of units to order. Daily demand 80 90 100 110 120 Probability that demand will be at this level 0.10 0.20 0.30 0.30 0.10 a. 90 units b. 110 units c. 100 units d. 80 units
3. The cost of carrying one unit in inventory for a specified period of time, usually one year, is referred to as: OA) the material cost and is denoted by C. OB) the fixed ordering cost and is denoted by S. OC) the holding cost and is denoted by H. OD) the purchase price and is denoted by P.
2. A manager then obtained 10 lists of items with their following unit cost and gets the peso value in annual basis. By doing the A-B approach you will need to multiply the annual demand for t particular items to its unit costs as follows: Item Number Annual Demand Unit Cost Annual Peso Value 1 3,500 360 2 2,000 70 3 5,400 500 4 2,500 100 5 1,200 70 6 2,000 1,000 7 1,200 210 8 2,000 4,000 9 10,000 10 10 1,500 200 Item Number Annual Peso Classification % of item Value 2/3 % of annual Peso Value
Problem 20-39 (Algo) CU, Incorporated (CUI), produces copper contacts that it uses in switches and relays. CUI needs to determine the order quantity, Q, to meet the annual demand at the lowest cost. The price of copper depends on the quantity ordered. Here are price-break and other data for the problem: Price of copper $ 0.84 per pound up to 2,499 pounds $ 0.83 per pound for orders between 2,500 and 4,999 pounds $ 0.81 per pound for orders 5,000 pounds or greater Annual demand 54,000 pounds per year Holding cost 25 percent per unit per year of the price of the copper Ordering cost $ 30 Which quantity should be ordered? Quantity_____________pounds
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item number 2349 should be classified as Item Code Item number 8210 should be classified as 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Inventory (units) 380 300 120 70 POHONNO 60 25 20 12 5 7 Value ($/unit) 3,25 6 4.00 2.50 1.30 1.75 2.25 1.15 2.05 2.00 2.00 3.00 Dollar Volume 1,200 300 105 23 25 70 % of Dollar Volume 39.00 9.75 3.41 14 18 3,077 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the…

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