(Fixed Order Quantity Inventory Model Question 1 of 6) The annual demand, ordering cost, and the inventory carrying

cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule. Quantity 1 to 80 81 and up Price $5.00 per $4.50 per unit unit The size of the optimal order is: (Fixed Order Quantity Inventory Model Question 2 of 6) The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule. Quantity 1 to 80 81 and up Price $5.00 per $4.50 per unit unit How many days do we have to wait between orders? (Fixed Order Quantity Inventory Model Question 3 of 6) The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule. Quantity 1 to 80 81 and up Price $5.00 per $4.50 per unit unit How many order de we need to place per year? (Fixed Order Quantity Inventory Model Question 4 of 6) The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule. Quantity 1 to 80 81 and up Price $5.00 per $4.50 per unit unit What are the maximum and inventories? (Fixed Order Quantity Inventory Model Question 5 of 6) The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule. Quantity 1 to 80 81 and up Price $5.00 per $4.50 per unit unit The Holding Cost and the Ordering Cost for the optimal order are: (Fixed Order Quantity Inventory Model Question 6 of 6) The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 1000 units, S = $20/order and I = 30% of item price. There are 250 working days in a regular year. Price is established by the following quantity discount schedule.

1 to 80 $5.00 per unit The Total Cost of Inventory (TCI)

Quantity Price

81 and up $4.50 per unit is:

(Process Strategy Question 1 of 4)

A firm is about to undertake the manufacture of a product, and is weighing the process configuration options. There are two different job shop processes under consideration. The small job shop has fixed costs of $4,000 per month, and variable costs of $10 per unit. The larger job shop has fixed costs of $12,000 per month and variable costs of $2 per unit. What are the cost functions?
(Process Strategy Question 2 of 4)

A firm is about to undertake the manufacture of a product, and is weighing the process configuration options. There are two different job shop processes under consideration. The small job shop has fixed costs of $4,000 per month, and variable costs of $10 per unit. The larger job shop has fixed costs of $12,000 per month and variable costs of $2 per unit. Indicate over what range each of the alternatives is the low-cost choice.
(Process Strategy Question 3 of 4)

A firm is about to undertake the manufacture of a product, and is weighing the process configuration options. There are two different job shop processes under consideration. The small job shop has fixed costs of $4,000 per month, and variable costs of $10 per unit. The larger job shop has fixed costs of $12,000 per month and variable costs of $2 per unit. Does you answer change if the variable cost for the large process increases to $ 11? If so, in what ways does it change? Provide numerical support
(Quality Control - Question 1 out of 5) Bergen Countys Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks. (The group's position is that more outof-state plates mean the advertising programs are working, that is, they meet quality expectations). The sample size is fixed at n=30 each day. Data from the previous 10 days indicate the following number of NY license plates: Day 1 2 3 4 5 6 7 8 9 10 Number 5 7 8 3 6 9 4 5 10 3 What type of Statistical process Control Charts is appropriate in this case? (Quality Control - Question 2 out of 5) Bergen Countys Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks. (The group's position is that more outof-state plates mean the advertising programs are working, that is, they meet quality expectations). The sample size is fixed at n=30 each day. Data from the previous 10 days indicate the following number of NY license plates: Day 1 2 3 4 5 6 7 8 9 10 Number 5 7 8 3 6 9 4 5 10 3 What is the expected value of the variable of interest in this situation?

(Quality Control - Question 3 out of 5) Bergen Countys Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks. (The group's position is that more outof-state plates mean the advertising programs are working, that is, they meet quality expectations). The sample size is fixed at n=30 each day. Data from the previous 10 days indicate the following number of NY license plates: Day 1 2 3 4 5 6 7 8 9 10 Number 5 7 8 3 6 9 4 5 10 3 What are the 99.73% UCL and LCL for these data? (Quality Control - Question 4 out of 5) Bergen Countys Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks. (The group's position is that more outof-state plates mean the advertising programs are working, that is, they meet quality expectations). The sample size is fixed at n=30 each day. Data from the previous 10 days indicate the following number of NY license plates: Day 1 2 3 4 5 6 7 8 9 10 Number 5 7 8 3 6 9 4 5 10 3 Are all points within the control limits? (Quality Control - Question 5 out of 5) Bergen Countys Department of Tourism and Recreation collects data on the number of visitor cars with NY license plates in one of its parks. (The group's position is that more outof-state plates mean the advertising programs are working, that is, they meet quality expectations). The sample size is fixed at n=30 each day. Data from the previous 10 days indicate the following number of NY license plates: Day 1 2 3 4 5 6 7 8 9 10 Number 5 7 8 3 6 9 4 5 10 3 If a new sample of 15 cars is taken in day 7 and 8 cars are "out of state", what can you conclude from this information? (Probabilistic Inventory Model Question 1 of 3)

A popular ice cream parlor is considering measures to increase the level of service. Demand for its ice cream can be approximated by a normal distribution with a mean of 800 gallons per period and a standard deviation of 50 gallons per period. The new management desires to increase the level of service from 90% to 95%. The additional revenue the increase would produce would be $ 150. The annual cost of carrying one gallon in inventory is $ 5. What are the levels of inventory appropriate for each level of service?
(Probabilistic Inventory Model Question 2 of 3)

A popular ice cream parlor is considering measures to increase the level of service. Demand for its ice cream can be approximated by a normal distribution with a mean of 800 gallons per period and a standard deviation of 50 gallons per period. The new management desires to increase the level of service from 90% to 95%. The additional revenue the increase would produce would be $ 150. The annual cost of carrying one gallon in inventory is $ 5. What is the additional inventory cost the company would have if this service improvement is implemented?
(Probabilistic Inventory Model Question 3 of 3)

A popular ice cream parlor is considering measures to increase the level of service. Demand for its ice cream can be approximated by a normal distribution with a mean of 800 gallons per period and a standard deviation of 50 gallons per period. The new management desires to increase the level of service from 90% to 95%. The additional revenue the increase would produce would be $ 150. The annual cost of carrying one gallon in inventory is $ 5. Would you recommend proceeding with the change in the level of service? Provide numerical support for your answer.
(Extra Credit Breakeven Analysis Question 2 of 3) As manager of a specialty retailer, you have decided that street-fair sales will support your company. The following table provides the information you have been able to put together thus far: Item Selling price Variable Cost Daily Revenues per Item ($) Buttons $1.50 $0.75 $400 Needles $2.50 $1.25 $600 You estimate labor costs to be $1400 (6 tables with three people each). Consider this a fixed cost. Table rental, which is a contractual cost at $100 for each table per day, is also a fixed cost. How many buttons would you expect to sell at the break-even point? (Extra Credit Breakeven Analysis Question 3 of 3) As manager of a specialty retailer, you have decided that street-fair sales will support your company. The following table provides the information you have been able to put together thus far: Item Selling price Variable Cost Daily Revenues per Item ($) Buttons $1.50 $0.75 $400 Needles $2.50 $1.25 $600 You estimate labor costs to be $1400 (6 tables with three people each). Consider this a fixed cost. Table rental, which is a contractual cost at $100 for each table per day, is also a fixed cost. What is the dollar volume of sales at breakeven for needles?