"Hi, Mr. Tushman, it's so nice to see you again," said Mom. "This is my son, August."

A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following

kiruha [24]

Solution:

Average demand = 100 units per day, with a standard deviation of 12 units

Average lead time = 12 days with a standard deviation of 2 days

250 days per year

unit cost = $25 , desired service level = 95% , Ordering cost = $50 , Inventory carrying cost = 20%

Lets say

Average demand = Ad

Average lead time = At

Unit cost = U

Desired service level = Dl

Ordering cost = O

Inventory carrying cost = Icc

Standard deviation =S

Thus,

S of demand at Dl = $12 * 12^{\wedge} 2$ = 205 units

SS = 1.65 multiply with 205 = 339 units

Total units in a day = 250 multiply with 100 = 25000

EOQ = $(2 * 25000 \text { units per year } * 50 \text { per order }) /(25 \text { per unit* } 0.2)$ = 708 units

here 25 and 0.2 is unit cost and invetory cost

TAC

annual ordering cost

O = $50 * 25000 / 708$ = 1765.5

Annual inventory cost

Icc = $25^{*} 0.2^{*}(708 \text { units } / 2)$ = 1770

Annual product cost = Pc

25 multiply with 25000 = 625000

total = O +Icc+Pc

625000+1770+1765.5 = 628535.5

If the service level increases from 95% to 99%, cost will dec per unit

4 0

3 years ago

An improvement in a country's balance of payments means a decrease in its balance of payments deficit, or an increase in its sur

FrozenT [24]

Answer:

Should be D (sometimes harmful).

7 0

3 years ago

The basic principles of economics suggest that_________.

Montano1993 [528]

Answer:

Answer is option d, i.e. All of the above are correct.

Explanation:

All the given statements are correct.

Markets are considered to be the best way to organize economic activity, and this can be done by studying the market trends and various demands of the customers. This would help in assessing the estimation of supply that any organization would like to deliver to its respective customers. Similarly, the intervention of government and legal aspects are also important in maintaining both, the trade between the companies of different countries, and also if any organization fails to produce and deliver the required result.

5 0

3 years ago

Southwest U's campus book store sells course packs for $14 each. The variable cost per pack is $12, and at current annual sales

Mumz [18]

Answer:

$23,000

Explanation:

current annual sales = 49,000 packs

Selling price of course packs = $14 each

variable cost per pack = $12

Earnings = $75,000

Contribution:

= current annual sales × (Selling price of course packs - variable cost per pack)

= 49,000 packs × ($14 - $12)

= 49,000 packs × $2

= $98,000

Fixed costs of producing the course packs:

= Contribution - Earnings

= $98,000 - $75,000

= $23,000

4 0

3 years ago

Michael Peters is a middle-aged professional who lost his job five months ago when his former employer downsized. Heâ€™s been ac

Lerok [7]

Answer: necessity entrepreneur

Explanation: While an entrepreneur is described as someone who organizes and operates a business venture and assumes much of the associated risks, necessity entrepreneurs only do so out of necessity (the quality or state of being necessary, unavoidable, or absolute requisite). As such, they are individuals ranging from educated persons to street sellers especially in developing countries who create small businesses or enterprises out of the need to survive. In Michael Peters' case, he lost his job due to downsizing which caused him to apply his skills and talents to starting up a business.

6 0

4 years ago