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The president of Hill Enterprises, Terri Hill, Projects the firms aggregate demand requirements over the next eight months as follows: January 1500 May 2200 Februrary
The president of Hill Enterprises, Terri Hill, Projects the firms aggregate demand requirements over the next eight months as follows: January 1500 May 2200 Februrary 1600 June 2200 March 1800 July 1900 April 1800 August 1500 Her operations manager is considering a new plan, which begins in January with Stockout Inventory 200 units on hand. 100 per unit. 20 per unit/month. Ignore any Idle-time costs The plan is called Plan A. Plan A: Vary the workforce level to execute a "Chase" strategy by producing the quantity demanded in the prior month. The December demand and rat 1600 units per month. 100 units. 100 units. The cost of hiring ac 5000 per The cost of laying of 7500 per What is the total cost of this plan?: Put in whole number - if the amount is $171,500 put in 171500 each unit is Thomas Kratzer is the purchanging manager for the headquarters of a large insurance chain with a central iventory operations. Thomas's fastest-moving inventory item has a demand of 6000 units/year. The cost of $100 and the inventory carrying cost is per unit per year. The average ordering cost is about five days for an order to arrive, and the demand for one week is units. (This is a corporate operation, and there are $15 $35 per order. It takes 110 365 working days/year) (Round each response to two decimal places. If its $2,509.97 put 2509.97) a. What is the EOQ? b. what is the average inventory if the EOQ is used? c. What is the optimal number of orders per year? d. what is the optimal number of days between any two orders? e. What is the annual cost of ordering and holding inventory? f. what is the total annual inventory cost, including cost of the demand units listed above? a= b= C= d= e= f=
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