What is the optimal order quantity for MBC? Q* = 20,000 How frequently should MBC order to replenish the gasoline supply? fill in the blank orders per year The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expending the capacity of its storage tanks? Metropolitan Bus Company the capacity of its storage tanks. What is the reorder point?
Q: Discuss the goals and planning approach of urban renewal and community development:
A: The goal of urban renewal community:Urban regeneration aims to revitalize portions of an…
Q: 23. Find the shortest route from node 1 to node 7 in the network shown. 5 9 3 18 3 3 4
A: In the shortest route problem, the minimum travel distance is calculated. At any node, the total…
Q: ntified in value stream ma
A: Value Stream Mapping There are several benefits to using a Lean Production tool, including a…
Q: 470 q 16 a speculative stock possessees a _________ probability of _________ return and is…
A: The risk and return of an asset are interrelated. An asset on an efficient frontier shall have…
Q: Q53) Consider five departments of equal sizes. The material flow data are given in Table below.…
A: Given data is As the load between C-C, D-D, and E-E is not given and that is the trip in the same…
Q: What are the advantages and limitations of using Little’s Law?
A: Little’s Law states the average time a customer spends in a shop. This Law is seen in daily lives…
Q: What are the benefits of transitional housing projects for homeless children?
A: Transitional housing projects are a type of housing that provides temporary or permanent living…
Q: Given the optimal number of reservations, what is the probability that you won't need to deal with…
A: Here, the Optimal number of reservations is to be calculated with the help of the values of the…
Q: please answer quick in details within 30 mins.
A: Throughput is the number of units that can be produced by a production process within a certain…
Q: QI: For the project listed below, find the following items: 1- Total project finishing time 2-…
A: As per our guidelines, we are supposed to answer only three sub-parts if multiple sub-parts are…
Q: Discuss the differences in project management in small companies and larger corporations.
A: Project Management is a critical function in any company, regardless of size. There are, however,…
Q: [Related to Solved Problem 6.2] Suppose that Coca-Cola is currently paying a dividend of $1.46 per…
A: The Price per Share is calculated by Gorden's Model. As per Gorden's Model the price per share is…
Q: The evolution of one company affecting the evolution of other companies this is exemplified by the…
A: Co-evolution is a key concept in management and has also been applied to fields such as economics,…
Q: Economic Order Quantity A pipe manufacturer requires a chemical for making plastic at the rate of…
A: Economic Order Quantity is a inventory management technique which helps to identify the optimal…
Q: Susan Solomon has been thinking about starting her own fuel station, but Susan's problem is to…
A: Given data:
Q: Outline any two of the reasons why the purchasing function has become increasingly important for…
A: Here, the question has presented a case of the Samsung corporate management system. For this…
Q: how to interpret the 2.31 (EFE)
A: Here, by taking the values of the weights and rating the total sum value is coming 2.24 and not…
Q: Bruno Fruscalzo decided to start a small production facility in Sydney to sell gelato to the local…
A: Note: - Since we can answer only up to three subparts we will answer the first three subparts(a, b,…
Q: There are a number of methods for growing a firm. Compare and contrast three methods of firm growth…
A: Growth in an organization is an important aspect in order to ensure the survival and profitability…
Q: What kind of a part does linear programming play in the process of making financial decisions?
A: Linear programming is a mathematical tool used to find optimal solutions such that the solution…
Q: 2. A company has plants at locations A, B and C with the daily capacity to produce chemicals to a…
A: 1. MInimizing transportation cost as asked in question: here supply = 6000 is less than demand…
Q: Reduces costs and their feasibility ranges are rooted in making changes in the right hand side of…
A: Feasibility ranges can be stated as the amount that will be interchanged in the objective function…
Q: Ql: For the project listed below, find the following items: 1- Total project finishing time, 2-…
A: Aa per our guidelines, we are supposed to answer only three sub-parts if multiple sub-parts are…
Q: What is an important philosophy in ensuring customers’ needs are met under Total Quality Management…
A: TQM is an approach that is not limited to any one department. The only marketing department is not…
Q: a) RDL Corporation has one small plant located on the outskirts of Manila. Its production is limited…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: From experience you are sure that you need to add 12% of variable cost as a waste allowance cost for…
A:
Q: What could be done to prevent the spoilage of fresh produce tomatoes due to market disruption…
A: The outbreak of the Covid-19 pandemic had a significant impact in the market for fresh produce,…
Q: Build a Gantt chart based on the table above
A: Here, For each activity, I have been given the start date, end date, duration length, and percentage…
Q: c) Jay Calahi is to supply gravel for projects located in three different sites. He has three…
A: Find the Given details below: Given details: Cost per Truckload (p) From/To A B C…
Q: The terms shadow price and reduced cost mean the same thing.
A: The correct answer is False.
Q: 11. The distribution system for the Herman Company consists of three plants, two warehouses, and…
A: As per the given data, the products will move from plants to the warehouses and then to the…
Q: why e-commerce self-service remains unpopular
A: ‘Self-service’ is the capability for consumers to serve themselves. This is applied mainly to…
Q: The Ngo Farms produces its own natural organic fertilizer, which it sells mostly to the gardeners…
A: Total minimum cost = Q*H/2+ D*S/Q
Q: manufacturer operates 8 hours per day for 340 days per year, and has a demand of 2,000 units per…
A: Target Set up cost = (Annual demand/EOQ)*setup cost per hr.
Q: The Administration of the Uconn school of Business must plan the school’s course offerings for the…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: THERE IS ONLY SO MUCH REVENUE THAT COFFEE, LATTES, AND PASTRIES CAN BRING IN, SO STARBUCKS…
A: given, There is only so much revenue that coffee, lattes, and pastries can bring in, so Starbucks…
Q: ng being applied in the
A: Dynamic Programming This is a notion that almost all computer programmers have run across at some…
Q: Table 1 shows two budget forecasts F1 and F2 for a project. The project contains a set of activity A…
A: Formulae used: Error = Actual data - Forecast data RSFE = Cumulative sum of forecast error MAD…
Q: Draw up a table including activity, expected time and variance and then construct the project…
A: A project schedule network diagram shows the sequence of the task that are performed to complete a…
Q: vaccine marketed by a drug company has a known and constant demand of 1,200 units per year or 100…
A: The question is related to the Inventory Management. The Optimum Quantity per batch with the help of…
Q: ervice management is more difficult than manufacturing.
A: Service management is based on the group of specialized corporate capacities for fostering value for…
Q: When it comes to running an internet company such as Amazon, would batch processing be a viable…
A: Explanation:-Batch processing is a viable solution for running an internet business. Because batch…
Q: Question: In the initial tableau, what is the entering and leaving variable?
A: Linear programming is a mathematical technique that is also used in operations management…
Q: objectives of
A: As creation is consistently expanding, the interest for substantial parts is expanding too. This…
Q: You are the Procurement Manager of the Caribbean Maritime University . The Universit equipment to…
A: The procurement manager is a key role in any organization and is responsible for the purchase of…
Q: A popular clothing Pull & Bear makes sweater for young people. The average demand for blue sweater…
A: Given data: Weekly Demand d = 100 Weekly capacity p = 400 Set-up cost S = $351 Cost per sweater c=…
Q: Outline the importance of the project organisation to have a post-project evaluation meeting in…
A: Post project evaluation meeting: A meeting held between the project organization and the customer to…
Q: The AC company decides to open a new factory to satisfy increasing demand. They already have four…
A: Logistics management is described as the process or means of seamlessly moving raw materials, parcel…
Q: How many units of Item X should be ordered each time? O 94 units O 95 units 100 units O O
A: EOQ stands for economic order quantity. It is a company's optimal order quantity that undervalues…
Q: a. Develop a network representation of this problem. b. Develop a linear programming model that can…
A: Linear programming is a mathematical technique that is also used in operations management…
Problem 10-05 (Algorithmic)
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $300 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.03 per month, or $0.36 per year; and annual fuel usage is 240,000 gallons. MBC buses operate 300 days a year.
- What is the optimal order quantity for MBC?
Q* = 20,000 - How frequently should MBC order to replenish the gasoline supply?
fill in the blank orders per year - The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expending the capacity of its storage tanks?
Metropolitan Bus Company - What is the reorder point?
r = fill in the blank
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.es Problem 11-4 (LO2) An appliance manufacturer has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for motors is 118,000 units per year. The cost of each motor is $125. The motors are purchased in lots of 3.400 units. The ownership of motors transfers to the appliance manufacturer in Winnipeg. The question is which mode of transportation, truck or train, the appliance manufacturer should use to bring the motors from Winnipeg to Toronto. The railroad company charges $3 per motor. and it takes approximately seven days by train. The trucking company charges $5 per motor, but it takes only three days. The appliance manufacturer will keep 1,400 units as safety stock if a truck is used and 2.500 units as safety stock if a train is used for transportation. Assume 365 days per year. If the holding cost rate is 25 percent of unit cost per year, which mode of transportation will minimize total transportation and in-transit and safety…
- After applying the NWC Rule for the initial tableau of the given transportation model, evaluate the vacant cells. What is the cell which has the most negative evaluation value and what is the cell evaluation value? DESTINATION SOURCE DEMAND X Y N OX-R; 1 OY-S; -1 OX-S; -1 OY-S; -2 P 75 8 12 EI 11 Q 80 5 8 11 R 120 7 10 10 S 50 11 13 14 SUPPLY 100 125 100 325Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 30 units and is valued at $60 per unit. Inbound shipments from vendor 1 will average 330 units with an average lead time (including ordering delays and transit time) of 4 weeks. Inbound shipments from vendor 2 will average 450 units with an average lead time of 3 weeks. Ruby-Star operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. A. the average aggregate inventory value of the product if ruby star used vendor 1 exclusively is $_____ (enter your response as a whole number) B. the average aggregate inventory value of the product if ruby sta used vendor 2 exclusively is $______ (enter your response as a whole number) C. how would your analysis change if average weekly demand increased to 140 units per week? the average aggregate inventory value of the product if ruby star used vendor 1…Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 50 units and is valued at $75 per unit. Inbound shipments from vendor 1 will average 350 units with an average lead time (including ordering delays and transit time) of 2 weeks. Inbound shipments from vendor 2 will average 500 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 2-week supply of inventory as safety stock and no anticipation inventory.a. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively?b. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 2 exclusively?c. How would your analysis change if average weekly demand increased to 100 units per week?
- Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 30 units and is valued at $100 per unit. Inbound shipments from vendor 1 will average 300 units with an average lead time (including ordering delays and transit time) of 4 weeks. Inbound shipments from vendor 2 will average 490 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. a. The average aggregate inventory value of the product if Ruby-Star used vendor 1 exclusively is $39,000. (Enter your response as a whole number.) b. The average aggregate inventory value of the product if Ruby-Star used vendor 2 exclusively is $ (Enter your response as a whole number.)Ruby-Star Incorporated is considering two different vendors for one of its top-selling products which has an average weekly demand of 60 units and is valued at $60 per unit. Inbound shipments from vendor 1 will average 370 units with an average lead time (including ordering delays and transit time) of 5 weeks. Inbound shipments from vendor 2 will average 520 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 5-week supply of inventory as safety stock and no anticipation inventory. a. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively?b. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 2 exclusively?c. How would your analysis change if average weekly demand increased to 100 units per week?Problem 16-17 (Algo)The U.S. Airfilter company has hired you as a supply chain consultant. The company makes air filters for residential heating and air-conditioning systems. These filters are made in a single plant located in Louisville, Kentucky, in the United States. They are distributed to retailers through wholesale centers in 100 locations in the United States, Canada, and Europe. You have collected the following data relating to the value of inventory in the U.S. Airfilter supply chain: QUARTER 1(JANUARYTHROUGHMARCH) QUARTER 2(APRIL THROUGHJUNE) QUARTER 3(JULYTHROUGHSEPTEMBER) QUARTER 4(OCTOBERTHROUGHDECEMBER) All amounts in millions of U.S. dollarsSales (total quarter): United states 414 402 520 514Canada 135 96 126 117Europe 41 34 42 25 Cost of goods sold (total quarter) 384 347 453 434 Raw materials at the Louisville plant (end-of-quarter) 73 62…
- Copper Kettle Catering (CKC) is a full-service catering company that provides services ranging from box lunches for picnics or luncheon meetings to large wedding, dinner, or office parties. Established as a lunch delivery service for offices in 1972 by Wayne and Janet Williams, CKC has grown to be one of the largest catering businesses in Raleigh, North Carolina. The Williams’s divide customer demand into two categories: deliver only and deliver and serve. The deliver-only side of the business delivers boxed meals consisting of a sandwich, salad, dessert, and fruit. The menu for this service is limited to six sandwich selections, three salads or potato chips, and a brownie or fruit bar. Grapes and an orange slice are included with every meal, and iced tea can be ordered to accompany the meals. The overall level of demand for this service throughout the year is fairly constant, although the mix of menu items delivered varies. The planning horizon for this segment of the business is…Tsaltz Inc. of Hamilton, Ontario, is a distributor of starwars themed dog tags to pet store retailers. Its market area spans most of Ontario. The dog tags are made in Calgary, Alberta, and currently shipped to Ontario via motor carrier transportation. Easton, Director of Logistics, has asked his staff to evaluate using Rail car carrier service to ship the dog tags. He obtained the following data for you to make your recommendation which carrier is best for the company. Data: R= Annual rate of demand 5000 cases V= Value of cost of 1 unit of inventory $ 48.00 per case W= Carrying cost per dollar value of inventory per year 15% inventory carrying cost A= Cost of placing an order $ 37.50 cost per order In-transit inventory carry cost 9% Transit time using motor carrier (parcel ground) 2 days Transit time using Rail car carrier 1 days Motor carrier rate $ 0.66 per cwt (100 lbs) Rail car carrier rate $1.25 per cwt (100 lbs) Unit weight 25 pounds EOQ units 228.00 units EOQ pounts…Arts N Crafts Industries manufacturers high-end light fixtures, which it sells internationally. The company is responsible for paying for shipping its product to a distributor located in Atlanta, Georgia. Due to the high cost of shipping, the company is considering shipping its products unassembled, but will include detailed assembly instructions in each package. By shipping unassembled products, Arts N Crafts will be able to shrink the size of its cartons and thereby increase the number of products per pallet from 16 (4 rows of 4) to 25 (5 rows of 5). Note that this change will not appreciably increase each product’s 8-pound shipping weight. Furthermore, since individual fixtures will be packed more tightly, they will be less susceptible to damage and easier to handle. Thus, the company expects the freight class to decrease from 85 to 70. Currently the company ships 400 units per week.a. Using Table, assess the impact of the proposed change in packaging on weekly shipping cost.b. How…