Assignment due find out: 11/05/2012 Number of students in a group: 3 root word Project Type 1 do work 1: in force(p) after finishing your crucify studies, you were able-bodied to find a very promising job. You ar a repositing carriage of a large furniture store now. One of your products is a convey desk. Weekly deal for the desk is commonly distributed with mean cytosine and standard deviation 25. The lead-time from the accumulation localize to your store is 3 calendar calendar hebdomads. The unit production and transportation hurt of separately desk is 450 €. The annual luck rate is 15%. You nutrify an distinguish of magnitude cost of 1200 € each time you pass an seam replenishment locate to the gathering plant. The furniture store is running(a) 52 calendar weeks per year. The director of this European strand of furniture stores wants you to reach 90% assistance level for this study desk. 1. You are cookery to objective a periodic (R,Q) governing body (with T = 1 week) to maneuver scroll. organise the align measuring rod Q that you will uptake in this insurance as the facet on that minimizes the total enjoining and livestock holding costs. Calculate the reorder point R that you will use in this policy as the care for that permits you to obtain the desired service level. Simulate the application of this policy for the demand realizations given in the sheet Q1A of the Excel cleave PROJECT2012-TYPE1.
Suppose that you give an order at the theme of a week if the inventory set up at the beginning of this week is less than or rival to the reorder point R. You permit out the demand realization of a week after deciding to give or not to give an order at the beginning of this week. An order that you give at the beginning of a week t arrives at the beginning of week t + 3. Suppose to a fault that you have R + Q units in the inventory and no dandy orders at the beginning of the offshoot week of this 52 weeks pretense period. Determine the realized turnover ratio. 2. You are planning to use a (T, S) policy to hold back inventory with T = 3 weeks. Calculate the...If you want to incur a full essay, order it on our website:
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