Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A1 A B D E F G H K L M N P Q R S T U V 34 870 35 26 36

image text in transcribedimage text in transcribedimage text in transcribed

A1 A B D E F G H K L M N P Q R S T U V 34 870 35 26 36 27 37 28 38 29 39 30 41 53 9 4 7 4 4 4 4 4 4 48528626168 40 31 42 43 44 45 36 47 48 49 40 50 42 22222333 3 3 3 7 7 7 7 7 7 1,076 940 1,068 936 786 771 974 880 34 861 35 946 773 37 782 38 875 39 1,053 684 41 889 1,018 43 831 44 953 45 939 55 46 1,128 47 909 57 48 1,088 49 863 59 50 953 60 51 976 52 887 53 1,167 63 54 822 55 903 56 778 57 67 58 68 59 69 778 850 626 60 903 Min, Max System (+) AA A LM A1 fx A B D E F G H K L M N P Q R S T U V 73 74 75 76 77 78 84 85 89 90 98 89 99 90 100 91 101 92 93 102 103 94 RKNctgek 8od83868& 868$bh$$ 8 70 61 856 71 62 913 72 63 855 64 764 65 767 66 805 67 890 68 1,095 69 890 79 70 1,001 80 71 1,222 81 72 998 82 73 914 74 969 75 1,143 76 1,103 77 1,077 87 78 908 79 834 80 778 81 1,118 91 82 940 92 83 825 93 84 928 94 85 708 95 86 914 96 87 1,066 97 88 833 960 960 1,070 851 903 957 104 95 1,194 105 96 864 Min, Max System (+) Ready A A B C D E 1 F G H 2 COST PARAMETERS SYSTEM PARAMETERS 3 Ordering Cost $ 50.00 min (if below) 2,500 4 Holding Cost $ 0.02 max (order up to) 4,500 Avg Demand (d) St Dev (d) 925 125 Shortage Cost $ 2.00 6 8 SIMULATION RESULTS Beginning Beginning Day Inventory On- 9 Hand Inventory Position Number Ordered Daily Demand Day-End Inventory Ordering Costs Shortage Total Cost For Holding Costs Costs Day 1 1,700 234567% 22222 2 4 2 2 2 222322 897 960 879 934 1,148 1,096 831 817 1,172 10 984 11 961 12 1,026 13 1,017 14 886 15 784 16 708 17 1,222 18 920 19 949 20 877 21 803 840 998 24 847 Min, Max System + SECTION2222222223

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

More Books

Students also viewed these General Management questions

Question

Will the company help with relocation expenses?

Answered: 1 week ago