1 answer

Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C it...

Question:

Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C items. Further, it uses a cont
a. Calculate the items EOQ EOQ units. (Enter your response rounded to the nearest whole number.) b. Use the EOQ to define th
0.00 0.01 0.02 0.03 0.04 0.050.060.07 0.080.09 0.0 0.5000 0.5040 0.5080 0.5120 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.1please this is my last chance
Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as B or C items. Further, it uses a continuous review system for all SKUs classified as A items. The demand for a specific SKU, currently classified as an A item, has been dropping. You have been asked to evaluate the impact of moving the item from continuous review to periodic review. Assume your firm operates 52 weeks per year, the item's current characteristics are: Demand (D) 14,040 units/year Ordering cost (S)- $135.00/order Holding cost (H) $2.50 unitlyear Lead time (L) 6 weeks Cycle-service level 98% Demand is normally distributed, with a standard deviation of weekly demand of 78 units. a. Calculate the item's EOQ. E00units. (Enter your response rounded to the nearest whole number)
a. Calculate the item's EOQ EOQ units. (Enter your response rounded to the nearest whole number.) b. Use the EOQ to define the parameters of an appropriate continuous review and periodic review system for this item. Refer to the standard normal table when necessary Under a continuous review system, orderunits whenever the inventory level drops to units. (Enter your responses rounded to the nearest whole number) Under a periodic review system, order up to c. Which system requires more safety stock and by how much? Select the correct choice below and fill in the answer box to complete your choice. The number) units every weeks. (Enter your responses rounded to the nearest whole number.) review system requirs more units of safety stock than the review system. (Enter your response rounded to the nearest whole
0.00 0.01 0.02 0.03 0.04 0.050.060.07 0.080.09 0.0 0.5000 0.5040 0.5080 0.5120 0.5160 0.5199 0.5239 0.5279 0.5319 0.5359 0.1 0.5398 0.5438 0.5478 0.5517 0.5557 0.5596 0.5636 0.5675 0.57140.5754 0.2 0.5793 0.5832 0.5871 0.5910 0.5948 0.5987 0.6026 0.6064 0.6103 0.6141 0.3 0.6179 0.62170.6255 0.6293 0.6331 0.6368 0.6406 0.6443 0.6480 0.6517 0.4 0.6554 0.65910.6628 0.6664 0.6700 0.6736 0.6772 0.6808 0.6844 0.6879 0.5 0.6915 0.69500.6985 0.7019 0.7054 0.7088 0.7123 0.7157 0.7190 0.7224 0.6 0.7258 0.72910.7324 0.7357 0.7389 0.7422 0.7454 0.7486 0.7518 0.7549 0.7 0.7580 0.7612 0.7642 0.7673 0.7704 0.7734 0.7764 0.7794 0.7823 0.7852 0.8 0.78810.7910 0.7939 0.7967 0.7996 0.8023 0.8051 0.8079 0.8106 0.8133 0.9 0.8159 0.8186 0.8212 0.8238 0.8264 0.8289 0.8315 0.8340 0.8365 0.8389 1.0 0.8413 0.8438 0.84610.8485 0.8508 0.8531 0.8554 0.8577 0.8599 0.8621 1.1 0.8643 0.8665 0.8686 0.8708 0.8729 0.8749 0.8770 0.8790 0.8810 0.8830 925 0.8944 0.8962 0.8980 0.8997 0.9015 0.9032 | 0.9049 | 0.9066 | 0.9082 | 0.9099 | 0.9 115 09131 | 0.9147 | 0.9162 | 0.91 77 1.4 0.9192 0.92070.9222 0.9236 0.9251 0.9265 0.9279 0.9292 0.9306 0.9319 1.5 0.9332 0.9345 0.9357 0.9370 0.9382 0.9394 0.9406 0.9418 0.9430 0.9441 1.6 0.9452 0.9463 0.9474 0.9485 0.9495 0.9505 0.9515 0.9525 0.9535 0.9545 1.7 0.9554 0.9564 0.9573 0.9582 0.9591 0.9599 0.9608 0.9616 0.9625 0.9633 1.8 0.9641 0.9649 0.9656 0.9664 0.9671 0.9678 0.9686 0.9693 0.9700 0.9706 1.9 0.9713 0.9719 |0.9726 0.9732 0.9738 0.9744 0.9750 0.9756 0.9762 0.9767 2.0 0.9773 0.9778 0.9783 0.9788 0.9793 0.9798 0.9803 0.9808 0.9812 0.9817 2.1 0.9821 0.9826 0.9830 0.9834 0.9838 0.9842 0.9846 0.9850 0.9854 0.9857 2.2 0.98610.9865 0.9868 0.9871 0.9875 0.9878 0.9881 0.9884 0.9887 0.9890 2.3 0.9893 0.9896 0.9898 0.9901 0.9904 0.9906 0.9909 0.9911 0.9913 0.9916 2.4 0.9918 0.9920 0.9922 0.9925 0.9927 0.9929 0.9931 0.9932 0.9934 0.9936 0.8849 0.8869 0.8888 0.8907 0.9938 0.9940 0.99410.9943 948 0.9949 0.9951 0.9 2.6 0.9953 0.9955 0.9956 0.9957 0.9959 0.9960 0.9961 0.9962 0.9963 0.9964 2.7 0.9965 0.9966 0.9967 0.9968 0.9969 0.9970 0.9971 0.9972 0.9973 0.9974 2.8 0.9974 0.9975 0.9976 0.9977 0.9977 0.9978 0.9979 0.9980 0.9980 0.9981 2.9 0.9981 0.9982 0.9983 0.9983 0.9984 0.9984 0.9985 0.9985 0.9986 0.9986 3.0 0.9987 0.9987 0.99870.9988 0.9988 0.9989 0.9989 0.9989 0.9990 0.9990 3.1 0.9990 0.9991 0.9991 0.9991 0.9992 0.9992 0.9992 0.9992 0.9993 0.9993 3.2 0.9993 0.9993 0.9994 0.9994 0.9994 0.9994 0.9994 0.9995 0.9995 0.9995 0.9995 0.9995 0.9995 0.9995 0.9996 0.9996 0.9996 0.9996 0.9996 0.99

Answers

S135. 00 &xl4.oVOx 135 2-50 583015143031-3 Z190800 .50 | 15163QO : ! 31.38 EOQ-1&31 Units 59 LT Rop :1680+ 39J.G7periodic veview Systorm! d:290 良そ0 945 380565 3500 . 32 3500 ohenever the Cnder a coninuoug rovieeo System. Ovder vn toay levSafety Stock : 2 xJdfp xCg. 530 , 328 530 onit8 tock ton the cont ovow Stern

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