Online Midterm exam---Oct 5, 2022
- Due Oct 5, 2022 at 1pm
- Points 66
- Questions 25
- Available Oct 5, 2022 at 11:30am - Oct 5, 2022 at 1pm 1 hour and 30 minutes
- Time Limit 150 Minutes
Instructions
Problem Solving: Read, understand, and analyze the problems carefully.
For Q*, round off to a whole number using the usual way of rounding off. The rest, round off to two decimal places.
Provide supporting solutions; No Solution, No Points.
FORMULA:
Q* = SQRT{ ( 2DCo)/(1-(d/p)Ch or IC) }.
Total Cost = Ordering Cost + Holding Cost. =.( DCo)/Q*. +. (1-(d/p))*((Q*Ch)/2)
Reorder point (r) =. dm
Cycle Time (T). =. (annual operating period x. Q*)/D
Maximum Inventory = (p-d)t or. (1-(d/p))Q*
Length of production run (t) = Q*/p
Number of production runs per year. =. D/Q*
FORMULA:
Q* = SQRT{ ( 2DCo)/Ch or IC }.
Total Cost = Ordering Cost + Holding Cost. =.( DCo)/Q*. +. (Q*Ch)/2
Reorder point (r) =. dm
Cycle Time (T). =. (annual operating period x. Q*)/D
Maximum Inventory = Q*
Average Inventory = Q*/2
Number of orders per year. =. D/Q*