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quantitative analysis 13. In Problem I in Chapter 15, the Saki motorcycle dealer in Minneapolis-St. Paul orders the Saki Super TXII motorcycle it sells from
quantitative analysis
13. In Problem I in Chapter 15, the Saki motorcycle dealer in Minneapolis-St. Paul orders the Saki Super TXII motorcycle it sells from the manufacturer in Japan. Using the 3-month moving aver- age forecast of demand for January as the monthly forecast for the next year, an annual carrying cost of $375, an ordering cost of $3,200, and a lead time for receiving an order of 1 month, determine the optimal order size, the minimum total annual inventory cost, the optimal time between orders, the number of orders, and the reorder point. 14. In Problem 2 in Chapter 15. Carpet City orders Soft Shag carpet from its own mill. Using the 3-month moving average forecast of demand for month 9 as the monthly forecasts for all of next year, a production rate at the mill of 1,200 yards per day with the mill operating 260 days per year), an annual carrying cost of $0.63, a $425 cost for setting up a production run and deliver- ing the carpet to the store, and a lead time for receiving an order of 7 days, determine the opti- mal order size, the minimum total annual inventory cost, and the reorder point (given that Carpet City is open 360 days per year). 15. In Problem 30 in Chapter 15, the supplier receives shipments of partially completed laptops from its manufacturing facility in Southeast Asia, which has maximum production rate of 200 units per day. Using the forecast of annual demand developed in that problem, an annual carrying cost of $115.75 (which includes an average obsolescence cost), a shipping cost from Asia of $6,500 per shipment, and a lead time for receiving an order of 25 days, determine the optimal order size, the minimum total annual inventory cost, the maximum inventory level. and the reorder point (given that the Bell assembly operation operates 365 days per year)Step by Step Solution
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