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(solution) Can I have help with this? Part 1 The Toledo Mudhens, a minor


Can I have help with this?

Part 1

The Toledo Mudhens, a minor league baseball team, breaks an average of eleven bats per week during a 42 week season. The team purchases it bats from a national supplier. The order cost is $295 and the annual holding cost is 25 percent of the purchase price.

What is the annual demand for bats?

If bats cost $30.00 each, what is the economic order quantity for bats?

What is the total annual cost associated with the EOQ quantity?

What impact will an decrease to $195 in the order cost have on the EOQ quantity?

Suppose the Mudhens break an average of 9 bats per week during the season, what impact will this have on the EOQ quantity? (Assume the order cost is $295)

Assume the bat manufacturer offers the Mudhens the following price schedule

                              Order Quantity                    Price per Unit

?  49                               $28.00

 - 143                                $27.00

144 or more                             $26.50

How many bats should the team order if the discount applies to all units?

What is the total annual cost associated with the best order quantity?

Part 2

Below is the Bill of Materials (BOM) and Master Production Schedule (MPS) for a chair. The number in the parenthesis indicates the quantity needed and the lead time is shown in weeks.

Week

1

2

3

4

5

6

7

8

Quantity Needed

0

0

0

45

65

75

90

85

Determine the timing of the Planned Receipts and Planned Order Releases for the chairs assuming Scheduled receipts of 25 units in week 2 and 40 units in week 4 and a Projected On-hand Inventory of 20 units. Assume a L4L lot sizing rule with a lead time period of 2 weeks.

Item:  Chairs                                                                     Lot Size: L4L

Description:                                                                       Lead Time: 2 week

Week

1

2

3

4

5

6

7

8

Gross

Requirements

Scheduled

Receipts

Projected

Available Balance

Net

Requirements

Planned

Receipts

Planned Order

Releases


Determine the timing of the Planned Receipts and Planned Order Releases for the leg assemblies assuming Scheduled receipts of 35 units in week 1 and a Projected On-hand Inventory on 40 units. Assume an Economic Order Quantity lot sizing rule where the EOQ is 100.

Item:  Leg Assembly                                                         Lot Size: EOQ = 100

Description:                                                                       Lead Time: 2 week

Week

1

2

3

4

5

6

7

8

Gross

Requirements

Scheduled

Receipts

Projected

Available Balance

Net

Requirements

Planned

Receipts

Planned Order

Releases


Extra Credit

The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At the beginning of the review period, there are 120 units in inventory.  How many units should be ordered?


MGMT 3340

 

OPERATIONS MANAGEMENT

 

FALL 2015 Assignment Five

 

Part 1

 

The Toledo Mudhens, a minor league baseball team, breaks an average of eleven bats per week during a 42

 

week season. The team purchases it bats from a national supplier. The order cost is $295 and the annual

 

holding cost is 25 percent of the purchase price.

 

1.

 

2.

 

3.

 

4.

 

5. What is the annual demand for bats?

 

If bats cost $30.00 each, what is the economic order quantity for bats?

 

What is the total annual cost associated with the EOQ quantity?

 

What impact will an decrease to $195 in the order cost have on the EOQ quantity?

 

Suppose the Mudhens break an average of 9 bats per week during the season, what impact will this have

 

on the EOQ quantity? (Assume the order cost is $295) Assume the bat manufacturer offers the Mudhens the following price schedule

 

Order Quantity

 

1 ? 49

 

50 - 143

 

144 or more Price per Unit

 

$28.00

 

$27.00

 

$26.50 6. How many bats should the team order if the discount applies to all units?

 

7. What is the total annual cost associated with the best order quantity?

 

Part 2

 

Below is the Bill of Materials (BOM) and Master Production Schedule (MPS) for a chair. The number in the

 

parenthesis indicates the quantity needed and the lead time is shown in weeks.

 

C h a ir

 

(1 )

 

(1 w e e k )

 

L e g A s s e m b ly

 

(1 )

 

(2 w e e k s )

 

Legs

 

(4 )

 

(1 w e e k ) Week

 

Quantity Needed 1

 

0 2

 

0 S eat

 

(1 )

 

(1 w e e k ) B ack

 

(1 )

 

(1 w e e k ) S tre tc h e rs

 

(2 )

 

(2 w e e k s ) 3

 

0 4

 

45 5

 

65 6

 

75 7

 

90 8

 

85 1. Determine the timing of the Planned Receipts and Planned Order Releases for the chairs assuming

 

Scheduled receipts of 25 units in week 2 and 40 units in week 4 and a Projected On-hand Inventory of

 

20 units. Assume a L4L lot sizing rule with a lead time period of 2 weeks. Item: Chairs

 

Description: Lot Size: L4L

 

Lead Time: 2 week

 

Week

 

1 2 3 4 5 6 7 8 Gross

 

Requirements

 

Scheduled

 

Receipts

 

Projected

 

Available Balance

 

Net

 

Requirements

 

Planned

 

Receipts

 

Planned Order

 

Releases

 

2. Determine the timing of the Planned Receipts and Planned Order Releases for the leg assemblies

 

assuming Scheduled receipts of 35 units in week 1 and a Projected On-hand Inventory on 40 units.

 

Assume an Economic Order Quantity lot sizing rule where the EOQ is 100.

 

Item: Leg Assembly

 

Description: Lot Size: EOQ = 100

 

Lead Time: 2 week

 

Week

 

1 2 3 4 5 6 7 8 Gross

 

Requirements

 

Scheduled

 

Receipts

 

Projected

 

Available Balance

 

Net

 

Requirements

 

Planned

 

Receipts

 

Planned Order

 

Releases

 

Extra Credit

 

The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days

 

with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At

 

the beginning of the review period, there are 120 units in inventory. How many units should be ordered?

 


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