Question
QUESTION 1 Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory operations. Sony has a supplier that produces electronic
QUESTION 1 Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory operations. Sony has a supplier that produces electronic circuit boards for its TV sets. Sony currently pays $200 for each circuit card, and consumes an estimated 30,000 cards in a year. It costs Sony $600 to place an order to its supplier. The unit inventory holding cost is estimated to be equal to 30% of the purchasing price. The unit holding cost is?
QUESTION 2 Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory operations. Sony has a supplier that produces electronic circuit boards for its TV sets. Sony currently pays $200 for each circuit card, and consumes an estimated 30,000 cards in a year. It costs Sony $600 to place an order to its supplier. The unit inventory holding cost is estimated to be equal to 30% of the purchasing price. The economic order quantity (EOQ) is [__] cards. Please round to one decimal place.
QUESTION 3 Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory operations. Sony has a supplier that produces electronic circuit boards for its TV sets. Sony currently pays $200 for each circuit card, and consumes an estimated 30,000 cards in a year. It costs Sony $600 to place an order to its supplier. The unit inventory holding cost is estimated to be equal to 30% of the purchasing price Please use the quantity that you found in question #2, the one with one decimal place. The annual ordering cost is . The annual carrying cost is . The annual purchasing cost is . The annual total cost is .
QUESTION 4 Sonys engineers inform Mark Gunther that a new facility soon to be fully operational within the supply chain of the company can actually produce the same circuit cards (of Problem 1). The unit manufacturing cost at this plant is estimated to be equal to $200 per card. The setup cost is equal to $700. The plant is scheduled to work for 250 days and has a daily demand of 120 cards (corresponding to an annual demand of 30,000) while having the capability of producing at a rate of 240 cards/day. As in the outsourcing alternative of Problem 1, the unit inventory holding cost is 30% of the unit manufacturing cost. The economic production quantity (EPQ) is [__] cards. Please round to two decimal places.
QUESTION 5 Sonys engineers inform Mark Gunther that a new facility soon to be fully operational within the supply chain of the company can actually produce the same circuit cards (of Problem 1). The unit manufacturing cost at this plant is estimated to be equal to $200 per card. The setup cost is equal to $700. The plant is scheduled to work for 250 days and has a daily demand of 120 cards (corresponding to an annual demand of 30,000) while having the capability of producing at a rate of 240 cards/day. As in the outsourcing alternative of Problem 1, the unit inventory holding cost is 30% of the unit manufacturing cost. Please use the EPQ that you found in Question #4, the quantity with two decimal places. Annual setup cost is . Annual carrying cost is . Annual manufacturing cost is . The annual total cost is .
QUESTION 6 Sonys engineers inform Mark Gunther that a new facility soon to be fully operational within the supply chain of the company can actually produce the same circuit cards (of Problem 1). The unit manufacturing cost at this plant is estimated to be equal to $200 per card. The setup cost is equal to $700. The plant is scheduled to work for 250 days and has a daily demand of 120 cards (corresponding to an annual demand of 30,000) while having the capability of producing at a rate of 240 cards/day. As in the outsourcing alternative of Problem 1, the unit inventory holding cost is 30% of the unit manufacturing cost. Based on the solutions above, which one yields a lower annual total cost, the purchasing or the manufacturing? a. The company can either purchasing or manufacturing, which yields the same results. b. The question cannot be answered based on the given informations. c. Manufacturing d. Purchasing
QUESTION 7 The supplier Sony Electronics uses (in Problem 1 of this homework) produces a new and updated price list based on increased order quantities. The following list shows the new prices: Order Quantity Unit Price per Circuit Card 1-499 $300.00 500 - 999 $297.00 1000 - 1499 $294.00 1500 - 1999 $291.00 2000+ $290.00 What is the economic order quantity (EOQ) if the unit price is $294.00?
QUESTION 8 The supplier Sony Electronics uses (in Problem 1 of this homework) produces a new and updated price list based on increased order quantities. The following list shows the new prices: Order Quantity Unit Price per Circuit Card 1-499 $300.00 500 - 999 $297.00 1000 - 1499 $294.00 1500 - 1999 $291.00 2000+ $290.00 What is the best order quantity choice in the feasible region corresponding to different unit price? $300 --. $297 --. $294 --. $291 --. $290 --.
QUESTION 9 The supplier Sony Electronics uses (in Problem 1 of this homework) produces a new and updated price list based on increased order quantities. The following list shows the new prices: Order Quantity Unit Price per Circuit Card 1-499 $300.00 500 - 999 $297.00 1000 - 1499 $294.00 1500 - 1999 $291.00 2000+ $290.00 What is the annual total cost if the unit price is $294 Hint: First, you need to calculate the corresponding EOQ. Then, check if the EOQ is smaller than their lower bounds. If it does, the best order quantity choice is the lower bound in the feasible region, not EOQ. a. $8,796,100 b. $8,882,100 c. $8,966,635.69 d. $8,807,475
QUESTION 10 The supplier Sony Electronics uses (in Problem 1 of this homework) produces a new and updated price list based on increased order quantities. The following list shows the new prices: Order Quantity Unit Price per Circuit Card 1-499 $300.00 500 - 999 $297.00 1000 - 1499 $294.00 1500 - 1999 $291.00 2000+ $290.00 What is the optimal order quantity for Sony? What is the associated annual total cost? a. $1000 $7,882,100 b. 1500 $8,807,475 c. $636 $ 9,065,346.89 d. 2000 $8,796,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started