Question
In: Operations Management
The daily demand for parts from machining workcell JMB to an assembly workcell is 1,600 units....
The daily demand for parts from machining workcell JMB to an assembly workcell is 1,600 units. The average processing time is 25 seconds per unit. A container spends, on average, 6 hours waiting at JMB before it is processed. Each container holds 250 parts. Currently 10 containers are being used for the part.
a. What percent safety margin of stock is being carried?
b. If you wanted to retain this safety margin, but remove one container, to what value must the waiting time be reduced?
c. What would happen if the demand for parts increased to 1,900 with K = 10?
Solutions
keosha answered 9 months agoRelated Solutions
Daily demand for a product is 100 units, with a standard deviation of 35 units. The...
Daily demand for a product is 100 units, with a standard
deviation of 35 units. The review period is 10 days and the lead
time is 5 days. At the time of review there are 40 units in
stock.
If 95 percent service probability is desired, how many units
should be ordered? (Use Excel's NORMSINV() function to find
the correct critical value for the given α-level. Do not
round intermediate calculations. Round "z" value to 2
decimal places and final...
Daily demand for a product is 90 units, with a standard deviation of 20 units. The...
Daily demand for a
product is 90 units, with a standard deviation of 20 units. The
review period is 10 days and the lead time is 8 days. At the time
of review there are 70 units in stock.
If 99 percent service
probability is desired, how many units should be ordered?
(Use Excel's NORMSINV() function to find the correct
critical value for the given ?-level. Do not round
intermediate calculations. Round "z" value to 2 decimal
places and final...
Suppose here is the equations of demand and supply: Qd = 1,600 - 125P Qs =...
Suppose here is the equations of demand and supply: Qd = 1,600 -
125P Qs = 440 + 165P Quantities are measured in units; prices are
measured in dollars per unit. (4 points) A. Calculate the
equilibrium price and quantity and draw the market equilibrium
curve. B. Calculate consumer and producer surplus at the
equilibrium price and quantity. Show the area of consumer and
producer surplus. (10 points) C. The government currently wants to
impose minimum price of $6 per...
Sloan Transmissions, Inc., has the following estimates for its new gear assembly project: price = $1,600...
Sloan Transmissions, Inc., has the following estimates for its
new gear assembly project: price = $1,600 per unit; variable costs
= $320 per unit; fixed costs = $2.7 million; quantity = 78,000
units. Suppose the company believes all of its estimates are
accurate only to within ±10 percent. What values should the company
use for the four variables given here when it performs its
best-case scenario analysis? What about the worst-case
scenario?
Walton Corporation has four divisions: the assembly division, the processing division, the machining division, and the...
Walton Corporation has four divisions: the assembly division,
the processing division, the machining division, and the packing
division. All four divisions are under the control of the vice
president of manufacturing. Each division has a manager and several
departments that are directed by supervisors. The chain of command
runs downward from vice president to division manager to
supervisor. The processing division is composed of the paint and
finishing departments. The May responsibility reports for the
supervisors of these departments follow:...
Campbell Corporation has four divisions: the assembly division, the processing division, the machining division, and the...
Campbell Corporation has four divisions: the assembly division, the
processing division, the machining division, and the packing
division. All four divisions are under the control of the vice
president of manufacturing. Each division has a manager and several
departments that are directed by supervisors. The chain of command
runs downward from vice president to division manager to
supervisor. The processing division is composed of the paint and
finishing departments. The May responsibility reports for the
supervisors of these departments follow:...
Amarillo Corporation has four divisions: the assembly division, the processing division, the machining division, and the...
Amarillo Corporation has four divisions: the assembly division,
the processing division, the machining division, and the packing
division. All four divisions are under the control of the vice
president of manufacturing. Each division has a manager and several
departments that are directed by supervisors. The chain of command
runs downward from vice president to division manager to
supervisor. The processing division is composed of the paint and
finishing departments. The May responsibility reports for the
supervisors of these departments follow:...
Amarillo Corporation has four divisions: the assembly division, the processing division, the machining division, and the...
Amarillo Corporation has four divisions: the assembly division,
the processing division, the machining division, and the packing
division. All four divisions are under the control of the vice
president of manufacturing. Each division has a manager and several
departments that are directed by supervisors. The chain of command
runs downward from vice president to division manager to
supervisor. The processing division is composed of the paint and
finishing departments. The May responsibility reports for the
supervisors of these departments follow....
Daily demand is normally distributed with mean 22 units and SD=6. Ordering cost is $21/order, carrying...
Daily demand is normally distributed with mean 22 units and
SD=6. Ordering cost is $21/order, carrying cost is $2.5 per unit
per year. The item is used 365 days a year. Order lead time is 4
days. The order point should have a 99% target service level.
Find:
-avg inventory level
-avg number of orders/yr
-avg number of stockouts/yr
-avg time (years) between stockouts
Policy I is the (Q,R) policy determined above.
Policy II: Increase the order quantity by 10...
Demand for a particular product was found to change from 1200 units to 900 units when...
Demand for a particular product was found to change from 1200
units to 900 units when the income of the consumer fell from Rs.
45,000 to Rs. 41,000. Compute the income elasticity of demand for
the product.
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Write a function fun(x) that takes as input a positive number x and solves the following...
- Describe the principles and operations of movement sensors: Doppler-Effect Velocity sensor and Spring-Mass Accelerometor; State the...
- This is all one question, thank you so much in advance. The Bigbee Bottling Company is...
- For Questions 1-3: consider the following code: public class A { private int number; protected String...
- You are tasked with assessing the health department’s intervention program in preventing recurrence of acute alcohol...
- Compare the MOSFET, JFET , and BJT and identify the reasons these devices behave differently. What...
- How would you use SAS Enterprise Miner to create a neural network model of your example?
ADVERTISEMENT