Answer:
a) 32 refrigerators
b) 28.39 approximately 29 refrigerators
Explanation:
Given:
Cost of order, S = $100
H = 20% of 500 = 100
Cost of refrigerator = $500
Annual demand, D = 500
S.d = 10
Lead time, L = 7 days.
a) To find the economic order quantity, Q_opt, let's use the formula:
The economic order quantity is 32 refrigerators.
b) The reorder point, R, is calculated as:
R = (d' * L) + ( z * s.d)
Where d' is daily demand which is calculated by dividing annual demand by 365 days.
d' = 500/365 = 1.37
At 97% service probability.
Using the excel function, NORMSINV(0.97) = 1.88.
Therefore z = 1.88
Solving for R, we have:
R = (1.37 * 7) + (1.88 * 10)
= 28.39
≈ 29
If the distributor wants a 97% service probability, the reorder point, R, should be 29 refrigerators
Answer:
The answer is D, there are no requirements in the Illinois Real Estate License Act when a broker sells their property "For Sale by Owner"
Explanation:
Refering back to the question, every statement listed in the option of answers are correct except for D, because in respect to Illinois real estate, Licensees that that are issued licensed as a Managing Broker but are not the Managing Broker of the property with the IDFPR may not advertise themselves as a "Managing Broker" in all ads including business cards
Answer:
A. 4500kgs
B. 15.4orders
(c)
The order size should be the economic order quantity which is computed as:
Q = (2.d.K / h)1/2 = sqrt(2*9000*20 / 0.03) = 3464.1 kg
(d)
If Q = 3000 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3000)*20 + (3000/2)*0.03*12 = $1,260
(e)
If Q = EOQ = 3464.1 kg
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/3464.1)*20 + (3464.1/2)*0.03*12 = $1,247.1
(f)
If Q = 6,500 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/6500)*20 + (6500/2)*0.03*12 = $1,502.3
(g)
If Q = 20,000 kg,
Total cost of ordering + carrying = (12d/Q) * K + (Q/2) *12h = (12*9000/20,000)*20 + (20,000/2)*0.03*12 = $3,708
So, per kg cost = 3708 / (9000*12) = $0.034
Explanation:
Answer: Warehouse management
Explanation:
Since the company ABC contracted a third-party logistics company XYZ, some of the functions that can be provided by the third-party logistics company (XYZ) to ABC include:
• inventory control
• customer service function (e.g., storing spare parts)
• transportation of goods
• production of components
It should be noted that performing warehouse management is very unlikely. This simply means the oversight with regards to the operations in the warehouse such as receiving inventory, tracking inventory, managing shipping etc. This should be provided by ABC and not XYZ.
Answer:Document Purpose. Documents should be created for explicit purposes or goals that both the writer and the reader would readily agree on. ... Among the most common of these goals are to establish a relationship, to create trust and credibility, and to document actions. hope it helps in someway ig idk
Explanation:
