Question

If demand for the next several weeks is as shown and the EOQ is 960, orders...

If demand for the next several weeks is as shown and the EOQ is 960, orders will be placed every _____ weeks.

Week 1 2 3 4 5
Demand 420 470 450 460 500
  • a. 1
  • b. 2
  • c. 3
  • d. 4
Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

PLEASE RATE POSITIVE IF YOU LIKE MY ANSWER TO PROTECT MY EMPLOYMENT

  • If ordered every one week, deviation from EOQ will be in the range of 400 to 500
  • If ordered every two week, orders will be:

420+ 470 = 890

450+460 = 910

Hence deviation from EOQ will be in the range of 960-890 = 70 to 960-910 = 50

  • If ordered every three weeks, order size will be 420+470+450 = 1350, deviation from EOQ = 1350-960 = 390

Hence, ordering every two weeks has the least deviation from EOQ. Hence Option (b) is the correct answer

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
28. Which of the following statements about the basic EOQ model is INCORRECT? A. The EOQ...
28. Which of the following statements about the basic EOQ model is INCORRECT? A. The EOQ increases as the setup cost increases. B. The EOQ decreases as the inventory holding cost increases. C. The number of orders to place in a year decreases as the per-unit inventory holding cost increases. D. The EOQ increases as the annual demand increases. 33. Suppose a hospital uses a periodic review model to control inventory. During the past year, the mean daily demand for...
Given this net requirements schedule for a product for the next six weeks, if it cost...
Given this net requirements schedule for a product for the next six weeks, if it cost $3,000 to set up the production line to produce this product and it costs $6 to carry one unit of the product in inventory for one week, develop a schedule of completed production lots for the product and compute the cost of your schedule by using these methods: Week (Net Requirements) 1 (500 2 (700) 3 (500) 4 (700) 5 (400) 6 (600) a....
Question 9.  [Video-2.  EOQ] Consider the relationship EOQ=sqrt(2*D*Co/Cc).  Constant demand is 1560 items/year.   If the unit ordering cost is...
Question 9.  [Video-2.  EOQ] Consider the relationship EOQ=sqrt(2*D*Co/Cc).  Constant demand is 1560 items/year.   If the unit ordering cost is $490/order and the unit carrying cost is $1.5/item/week, then how many statements are true for zero safety stock?     (A) 0   (B) 1   (C) 2   (D) 3     (E) 4 Statement 1.  EOQ is 120 Statement 2.  At EOQ, the total weekly ordering cost is $105 Statement 3.  At EOQ, the total monthly carrying cost is $455 Statement 4.  At EOQ, the total annual inventory cost is $10920 . . .
An end item’s demand forecasts for the next 10 weeks are 30, 20, 35, 50, 25,...
An end item’s demand forecasts for the next 10 weeks are 30, 20, 35, 50, 25, 25, 0, 40, 0, and 50 units. The current on-hand inventory is 80 units. The order policy is to produce in lots of 100. The booked customer orders for the item, starting with week 1, are 22, 30, 15, 9, 0, 0, 5, 3, 7, and 0 units. At present, no MPS quantities are on-hand for this item. The lead time is 2 weeks....
The information for project X is shown below. What are the critical path and the completion...
The information for project X is shown below. What are the critical path and the completion time of the project? Crashing Costs Activity Preceding Normal Time 1st Week 2nd Week K — 8 weeks $4100 — L K 6 weeks 3250 — N K 1 week 450 450 M L 5 weeks 3000 3500 J N 4 weeks 500 — Q J,M 6 weeks 4000 4000 KLMQ, 25 weeks KLNMJQ: 25 weeks KNJQ, 25 weeks KNJQ, 30 weeks KLMQ, 30...
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead...
The MRP gross requirements for Item A are shown here for the next 10 weeks. Lead time for A is three weeks and setup cost is $10. There is a carrying cost of $0.010 per unit per week. Beginning inventory is 85 units. WEEK 1 2 3 4 5 6 7 8 9 10 Gross requirements 20 55 10 22 70 87 19 63 210 58 Use the least total cost and the least unit cost lot-sizing methods to determine...
The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead...
The MRP gross requirements for Item X are shown here for the next 10 weeks. Lead time for A is two weeks, and setup cost is $9. There is a carrying cost of $0.02 per unit per week. Beginning inventory is 75 units. WEEK 1 2 3 4 5 6 7 8 9 10 Gross requirements 20 10 15 45 10 30 90 20 45 160 Use the least total cost lot-sizing method to determine the quantity to order with...
. Registration numbers for an accounting seminar over the past 10 weeks are shown below: Week...
. Registration numbers for an accounting seminar over the past 10 weeks are shown below: Week 1 2 3 4 5 6 7 8 9 Registrations 22 21 25 25 27 33 35 32 35 a) Forecast registrations for weeks 6-9 using a four- week moving average and a four-week weighted moving average with weights of .5,.3,.1, and .1. b) Determine which forecasts are more accurate using the concept of MAD? c) Explain the meaning of your answer in part(b).
Use the following data for question below. Activity Normal Time (weeks) Crash Time (weeks) Normal Cost...
Use the following data for question below. Activity Normal Time (weeks) Crash Time (weeks) Normal Cost Total Cost with Crashing Pred 1 Pred 2 A 10 7 $200 $400 B 15 10 $250 $600 C 13 8 $600 $1,500 A B D 14 10 $800 $1,200 A B E 8 4 $1,000 $3,000 C D F 12 6 $1,200 $1,800 C D G 7 6 $700 $1,400 E F H 5 3 $500 $900 E F If the project must...
unempl % aqq. supply 2 520 3 510 4 500 5 490 6 480 7 470...
unempl % aqq. supply 2 520 3 510 4 500 5 490 6 480 7 470 8 460 9 450 10 440 1.Increasing aggregate supply means increasing/decreasing unemployment. 2.To keep unemployment below 6%, more than _ GDP must be supplied. inflat %                 agg demand 8                              200 3.6                          423 2                              500 1.3                          536 .9                             556 .6                             567 .5                             575 3.Rising inflation increases/decreases aggregate demand. 4.To keep demand above 500, inflation must be kept below _
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT