Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just need the answers for the items in purple! Please include formula for each, much appreciated. ABC Auto Company distributes parts for foreign cars in

Just need the answers for the items in purple! Please include formula for each, much appreciated.

image text in transcribedimage text in transcribed

ABC Auto Company distributes parts for foreign cars in a large Michigan City. Demand for a particular size of wipers has been uniform. The lead time to obtain the wipers is 2 months, and the average use rate is 600 per month. The lead-time use is normally distributed with a standard deviation of 60 unites. Order cost is $15 dollars, and holding cost is $.10 a month per wiper. The estimated cost of a stockout is $20 f. Please fill out the following blanks. D=annual demand d working months S= H= Unit cost EOQ=(2DS/H).5 Times D/Q Days Working Day/Times Maximum Inv Minimum Inv SS Average Inv Q/2H D/QS TotalCost = LT= (lead time?) SS= SDxZscore RL=D+ SD Z Cs(Stockout Cost) dLT=DL Standard Deviation P(D)= Stockout Probability (Minority) Probability of Majority Z score

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_2

Step: 3

blur-text-image_3

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

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions