Suppose you are the manager of a production department that…

Suppose you are the manager of a production department that uses 500 boxes of rivets per year. The supplier quotes a price of $20 per box for orders of 199 boxes or less, $19 per box for orders of 200 or more. You assign a holding cost of 10 percent of the price to this inventory. Assume the ordering cost is $80/order.What order quantity would you use if the objective is to minimize total annual costs of holding, purchasing, and ordering?

A company has developed a project using CPM but is intereste…

A company has developed a project using CPM but is interested in accelerating it if possible. The project has the following activities, duration (in weeks), costs, and precedence relationships:   ActivityImmediatePredecessorNormalTimeCrashTimeCost per weekTo Crash   A—-54$ 50   BA62$ 30   CA4——-   DB, C21$ 40   Please answer the following questions using the above information.  11. What is the projected completion time for the project before it crashes?  12. How long can activity “C” be delayed without affecting the completion time of the             project?  13. If you are attempting to “crash” a project, which activity should you select first?  14. What is the completion time of the fully crashed project?Please click “True” and select your matching answers for problems 11–14 below.

Grand Forks Fish Market buys fresh Boston bluefish daily for…

Grand Forks Fish Market buys fresh Boston bluefish daily for $20.00 per pound and sells it for $30.00 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $ 5 per pound. Daily demand can be a normal distribution with a mean of 2000 pounds and a standard deviation of 1000 pounds.  Use the table below for the Z-value   Service Level      Z-Value         0.3333          – 0.432         0.4               – 0.253         0.5                         0         0.6667            0.432What is the optimal stocking level?

Cub Foods sells unshelled peanuts by the pound. Historically…

Cub Foods sells unshelled peanuts by the pound. Historically, Cub Foods observed that daily demand is normally distributed with a mean of 100 pounds and a standard deviation of 3 pounds. Lead time is nine days. It is always the same. The manager wants a service level of 97% (Z=1.75). What is the ROP?