Based on the following data, calculate the safety stock quantities and the inventory cost associated with safety stock (based on the item unit cost) for the inventory items at four different service levels (50%, 80%, 90%, and 95%). Develop a table to present the inventory quantities and the safety stock costs at each service level. (Note: All items are independent demand items.)

Inventory Item Average Demand (Annual) Sigma (Std. Dev.) of Demand During Lead Time Item Unit Cost
F-11001  15,000  100 $250.00
K-12002 100,000  300   $2.00
L-13003 250,000  200   $0.20
N-14004 300,000  400   $1.00
P-21001  50,000  60 $125.00
S-22002  80,000  75   $30.00 


AFTER PAYMENT ENTER PASSWORD : "SHIV" TO UNLOCK THE SOLUTION

Comments

Post a Comment

Popular posts from this blog

You are given a choice of taking the simple interest on 100,000 invested for 2 years

You are given a choice of taking the simple interest on  100,000 invested for 2 years at a rate of 3% Or the interest on 100,000 invested for 2 years at an interest rate of 3% compounded quarterly.Which investment earns the greater amount ofinterest? Give the difference between the amounts of interest earned by the two investments.The investment with -----------interest earns $________more interest ((Round to the nearest Cent as needed) Karen Gaines invested $10,000 in a money market account with an interest rate of 1.75% compounded semiannually. Six yearslater, Karen withdrew the full amount to put toward the down payment on a new house. How much did Karen withdraw from the account? Karen withdrew $ . (Round to the nearest cent as needed.) Click here to download the Solution
Read more

Complete the spreadsheet template following Steps 1–10, building a comprehensive workbook of data and analyses that will inform your conclusions

Complete the spreadsheet template following Steps 1–10, building a comprehensive workbook of data and analyses that will inform your conclusions in Step 10. Your final spreadsheet should include the following: Tab 1: DATA – completed data sheet (Steps 1–6 above) Tab 2: Excel Summary Stats (Step 7) Tab 3: Graphs – Charts (Step 8) Tab 4: Histogram (Step 8) Tab 5: Sorted Data (Step 9) Format this workbook so that all the spreadsheets can be printed. Now that you have completed your analysis, think about the patterns you’ve seen in the workforce.   Write a short 3-4 paragraph summary of your analysis. This is important. While you have done a wonderful job with your analysis, you can never assume that the end-user will be able to interpret the data the way it should be understood. Supporting narrative is helpful (I call this, never simply providing a “raw data” dump – strive to provide information!). The paper sections include - one paragraph narrative summary of your findings; describing
Read more