Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 A sale of polarizing filters is held twice annually by a photographic products distributor. The demand pattern for a particular size of filter for

image text in transcribedimage text in transcribed

1 A sale of polarizing filters is held twice annually by a photographic products distributor. The demand pattern for a particular size of filter for the past year is as follows: It is anticipated that demand for the next year will follow this pattern; hence, these figures are being used as the "best estimates" of forthcoming sales. Demand will also continue in future years. The cost of these filters is $8.65, ordering costs are approximately $35, and the carrying cost is 0.24$/$/ year. Assume on hand of 10 units at the present time (i.e. end of period 0). Plan only the immediate replenishment (i.e., plan just the first inventory cycle). Since present on hand is not zero, we must calculate net requirements. Hence, present your plan in MRP table. Also, assume that the lead-time in this problem is equal to zero. Use Silver-Meal heuristic if your variability coefficient, VC, is more than 0.2. Note VC=SquareofaveragedemandperperiodVarianceofdemandperperiod=d2n(did)2 1 A sale of polarizing filters is held twice annually by a photographic products distributor. The demand pattern for a particular size of filter for the past year is as follows: It is anticipated that demand for the next year will follow this pattern; hence, these figures are being used as the "best estimates" of forthcoming sales. Demand will also continue in future years. The cost of these filters is $8.65, ordering costs are approximately $35, and the carrying cost is 0.24$/$/ year. Assume on hand of 10 units at the present time (i.e. end of period 0). Plan only the immediate replenishment (i.e., plan just the first inventory cycle). Since present on hand is not zero, we must calculate net requirements. Hence, present your plan in MRP table. Also, assume that the lead-time in this problem is equal to zero. Use Silver-Meal heuristic if your variability coefficient, VC, is more than 0.2. Note VC=SquareofaveragedemandperperiodVarianceofdemandperperiod=d2n(did)2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions