The bullwhip effect causes a maximization of supply chain surplus. True or false?
Q: Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system…
A: Given data: Average usage = 800 per dayMinimum usage = 540 per dayMaximum usage = 1260 per dayLead…
Q: A group of medical professionals is considering constructing a private clinic. If a patient demand…
A: Find the Decision tree below: Based on the above decision tree, the optimal decision is to…
Q: This DC value-adding activity allows it to receive full truckloads of one product and ship full…
A: NOTE: We are allowed to do one question only at a time. Inventory management is the process of…
Q: determine the safety inventory of the Mashburn Rail option if the Onion Shack purchases 240,000 bags…
A: Annual demand = 240000 Number of days in a year = 365 Daily demand = 240000/365 = 657.5342 Total…
Q: Assuming the selling profit for the luxury, regular and exportation models is 1500, 1300 2500…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: 23. Find the shortest route from node 1 to node 7 in the network shown. 18 6 7
A: The objective of the shortest route problem is to identify the shortest path or route between two…
Q: In the environment of increased competition, a fitness club executive is considering the purchase of…
A: Decision-making is influenced by an organization as per the degree of certainty involved in this. In…
Q: A renovation of the gift shop at Orlando Amway Center has six activities hours). In the following…
A: The optimistic time (a), most likely time (m), and pessimistic time (b) are given for each activity…
Q: Based on the x-chart, is one or more samples beyond the control limits? Yes No
A: Control limits for x-bar chart: UCL = 4.86LCL = 4.52 Control limits for R chart: UCL = 1.344LCL =…
Q: A small clinic specializes in general and orthopedic surgery. Each general surgery performed nets…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Discuss why many modern organizations adopt a just-in-time philosophy for their manufacturing…
A: Just-in-time is a kind of inventory system where the company or the buyer makes an order only when…
Q: The following table gives the map coordinates and the shipping loads for a set of cities that we…
A: When establishing a single facility, the center of gravity approach takes into account the locations…
Q: You are trying to invest $100,000 in a portfolio of stocks and bonds. You want the highest return…
A: Given data is
Q: a. How many kilograms of each mix should the company prepare for the maximum revenue? Find the…
A: Here, this is an optimization problem, we need to maximize the total revenue value, First, I would…
Q: A health and nutrition store stocks a multivitamin with an annual demand of 1,000 bottles has Co =…
A: Given information is: Annual demand = D = 1000 units Cost of ordering = Co = 24.50 Cost of holding =…
Q: Explain in your own words when the variables (slack, surplus, and artificial) are required.
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Discuss how operations management applies to the service sector.
A: When it comes to running a business, it's the job of operations management for services to create…
Q: Space Costs Traffic density Neighborhood income Zoning laws 0.25 0.25 0.20 0.15 0.15 65 40 55 45 85…
A: Ans) a) Formula: Solution: Conclusion or Answer: Best Location: Baptist Church Weighted Score =…
Q: a) Activity that should be crashed first to reduce the project duration by 1 day is A b) Activity…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: PROVER S.A., one of the companies that supplies PRECISIÓN S.A. with raw materials. has asked you to…
A:
Q: Zokit Industries (ZI) is a New York City based company that manufactures and distributes Turkish…
A: No is the number of boxes of Ortakoy flavor NB is the number of boxes of Beyoglu flavor The…
Q: What is the Simple Exponential Smoothing forecast for September if we use alpha smoothing constant…
A: Simple exponential Smoothing is time series forecasting method. It is calculated with following…
Q: Outline the organisational documentation applicable to project integration and associated processes.
A: Integration management in projects is a sub field of project management that facilitates effective…
Q: Allocating too much capacity to a location results in a. poor utilization, b. high utilization, c.…
A: The capacity allocation consideration decides how best to utilize resources that help to fulfill…
Q: Torrance Refinery produces approximately 23.1 Million barrels of gasoline per year. A California…
A: Given data: Production per year (p)= 23.1 Million barrel Demand per year (D) = 5.3 Million barrels…
Q: Which term describes a product produced as part of a project? Work package Deliverable…
A: All outputs, physical or intangible that were already presented as part of something like a…
Q: The Figure above shows the graphical solution for a linear programming with objective function Min.…
A: The graphical method is used to solve linear programming problems visually. Using the graphs, the…
Q: What is the average number of errors per order? Do not round intermediate calculations. Round your…
A: c-bar = Average number of errors per order = Total Errors/Total Samples =…
Q: The concept of reliability, in short, refers to the ability of a given system to operate in…
A: Reliability is a concept that is taught or learned separately but it comes with the experience of…
Q: Answer the following questions based on the Strategy Region graph given below. The objective is to…
A: The expected value of a decision is the sum of all possible values, weighted by the probability of…
Q: The following is given: Price Variable cost Fixed cost $8.00/unit $4.00/unit $50,000 a) Based on the…
A: Break-even point relative with many fields such as business, finance and so on. It is that point…
Q: a) Draw a decision tree to represent the above problem. b) Determine the optimal decision that…
A: The expected value of sample information is the sum of the values from each branch in the decision…
Q: I only need help with part C please.... The Metropolitan Bus Company (MBC) purchases diesel fuel…
A: Maximum inventory is largest stock level hold in the company. It is calculated with following…
Q: Question B Elaburate the Smart Warehouse contribution to enhance companies’ supply chain…
A: An automated warehouse system, either entirely or in part, is known to as a smart warehouse. The…
Q: A) Draw the network diagram. B) Determine the normal time it will take to complete this project. C)…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: A company is planning on launching a new product. It was thinking of launching in June of next year,…
A: Find the Given details below: Given details: High Medium Low Beats the rival 0.6 0.25 0.15…
Q: what is the cause and effect diagram and discuss its benefits and application in the project…
A: A cause-effect is a graphic tool used to graphically depict potential explanations for a particular…
Q: Where did you get service rate from?
A: Service rate is the amount of customers served per unit time in any system
Q: D 2 Dave's earliest start (ES) and earliest finish (EF) are:
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: What are burn up charts and burn down charts? Describe when you would use a burn up chart versus a…
A: Managers utilize burn-up as well as burn-down charts to monitor the situation with the project.…
Q: What is the tool used by a project manager to check whether the resources are allocated correctly…
A: There are several tools available nowadays for resource management and overall every tool is similar…
Q: 2) A software developer has four project proposals for new accounting software. This company cannot…
A: Given data is Project Programmers req Capital req ($) Returns ($) 1 7 250,000 650,000 2 9…
Q: At a border inspection station, vehicles arrive at the rate of 10 per hour in a Poisson…
A:
Q: Which data analytics type focuses on answering the question “How many computer monitors should we…
A: a. Prescriptive analytics:- This type of analytics the details analysis of the factors and other…
Q: Note: This question requires Solver. Formulate the problem in Solver and find the optimal solution.…
A: Operation management is performed in each manufacturing organization. It all deals with the…
Q: Booktopia, a bookstore in Melbourne, has a new collection of 200 books to sell. The management…
A: The data table is a way to calculate the value of one variable with a change in the other variable.…
Q: A renovation of the gift shop at Orlando Amway Center has six activities (in hours). In the…
A: Given Data-
Q: Analyse three (3) key differences between lean and the theory of constraints (TOC) as approaches to…
A: Operations management is an important function for any organization, and it can be applied to both…
Q: Identify the appropriate inventory model to obtain the optimal lot size for the given problem…
A: Find out the number of T-shirts Rick should order so as to maximize his expected profits.
Q: Step 1 of 4: Determine the three-period moving average for the next time period. If necessary, round…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Supply Chain Coordination problem Zamatia makes sunglass at a cost of $35 and sells them to UmbraVisage (UV) for $75. UV sells them for $115 and salvages left over inventory for $25 per unit. Demand is Normal with mean 250 and standard deviation 125. a. What should be the optimal ordering quantity for UV? b. What is the total supply chain profit (UV & Zamatia) given the ordering quantity computed in a? c. What should be the optimal ordering quantity to maximize the total supply chain profit (UV and Zamatia)?Explain the ABC inventory classification system and indicate it's pros?Over t he past 5 weeks, dema nd for wine atWinston's Winery has averaged 1,890 bottles, and the varianceof demand has been 793,000 bottles. Winston has ordered anaverage of l ,900 bottles per week over that time period, with avariance of orders of I ,805,000 bottles.a) What is the bullwhip measure for glass bottles for Winston's Winery?b) Is Winston's Winery providing an amplify ing or smoothing effect?
- Over the past 5 weeks, demand for wine at Winston's Winery has averaged 1,940 bottles, and the variance of demand has been 874,250 bottles. Winston has ordered an average of 1,940 bottles per week over that time period, with a variance of orders of 1,941,750 bottles. a) The bullwhip measure for glass bottles for Winston's Winery is ___ b) Winston winery is providing _____ in its supply chain. -an amplification effect -a smoothing effect1CASE STUDY - The UK’s National Blood ServiceNo inventory manager likes to run out of stock. But for blood services, such as the UK’s National Blood Service (NBS) the consequences of running out of stock can be particularly serious. Many people owe their lives to transfusions that were made possible by the efficientmanagement of blood, stocked in a supply network that stretches from donation centres through to hospital blood banks. The NBS supply chain has three main stages:1. Collection, which involves recruiting and retaining blood donors, encouraging them to attend donor sessions (at mobile or fixed locations) and transporting the donated blood to their local blood centre.2. Processing, which breaks blood down into its constituent parts (red cells, platelets and plasma) as well over twenty other blood-based ‘products’.3. Distribution, which transports blood from blood centres to hospitals in response to both routine and emergency requests. Of the Service’s 200,000 deliveries a year,…Define each of the following terms: c. Economic Ordering Quantity (EOQ); EOQ model; EOQ range
- Explain Vendor-managed inventory?Reactions and additional comments: Per the textbook definition, the term bullwhip effect “Describes the distortions in a supply chain caused by changes in customer demand, resulting in large swings in inventory levels as the orders ripple upstream from the retailer to the distributor and manufacturer” (Wallace, 2020, p. 137). The term is derived from physics. When cracking a whip, someone just has to snap their wrist and it causes a wave like effect that increases with a chain reaction. The bullwhip effect is a term that was first used in the 1990s. The makers of Pampers had many changes in order volumes, when usually diapers were bought at a constant rate (The Bullwhip effect : History and solutions, 2021). This caused the company to receive hard hits in demand with each new order from the retailers. For example, during the Covid-19 pandemic, everyone was told to stay home, go to school from home, and work from home. This caused the need for many more computers and electronic…Problem 16-16 (Algo) The McDonald's fast-food restaurant on campus sells an average of 7,200 quarter-pound hamburgers each week. Hamburger patties are resupplied twice a week, and on average the store has 795 pounds of hamburger in stock. Assume that the hamburger patties cost $4 a pound and there are 52 weeks in a year. a. What is the Inventory turnover for the hamburger pattles? (Round your answer to 2 decimal places.) Inventory turnover ratio per year b. On average, how many days of supply are on hand? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Average days of supply
- Why do we use "Specifications or bill of material" in the dependent inventory model?3. Fortnex is a company that assembles small household appliances including coffee makers, toasters, and food mixers. The parent company of Fortnex has been concerned about the rising product cost of the finished products, which has led to reduced profit margins. One of the demands of the parent company has been to review the inventory management practices of Fortnex. Two areas which Fortnex is currently investigating are economic order quantity EOQ and ABC analysis. Perform the following. (i) At present the company purchases copper wire for a certain appliance under economic order quantities based on the information given in Table 3-1. The supplier of copper wire is proposing a discount of 5% of unit price if Fortnex purchases in lot sizes of 1000 kg. rather than the calculated EOQ. Determine if Fortnex should take advantage of the price discount. Justify your response. For a particular series of referenced products, the number of units used a year, and the unit cost are as shown in…1(a). Weekly demand for EPSON printers at a WALMART store is normally distributed with a mean of 280 and a standard deviation of 180. The store manager continuously monitors inventory and currently orders 1,100 printers each time the inventory drops to 700 printers. EPSON currently takes two weeks to fill an order. How much safety inventory should WALMART carry? What is the Cycle Service Level (CSL)? What is the expected shortage per replenishment cycle (ESC)? What is the fill rate (fr)?