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This part of the question is based on the information from Problem 6-18 in the textbook. Question 1 To minimize total inventory cost, Lila should order ___ number 6 screws per order. (Please round to an integer and include no units.) Question 2 Based on the calculation in Question 1, Lila needs to make _____ orders per year. Question 3 Based on the calculation in Question 2, Lila's total ordering cost is _____ per year. (Please round to a whole dollar.) Question 4 Based on the calculation in Question 1, Lila's average inventory is _____. (Please round to an integer and include no units.) Question 5 Based on the calculation in Question 4, Lila's total holding cost is ______ per year. (Please round to a whole dollar.) This part of the question is based on the information from Problem 6-23 in the textbook. Question 6 If the carry cost were 10% of the cost, then the optimal order quantity would be _______ pairs of sandal. (Please round to an integer and include no units.) Question 7 If the optimal order quantity were 100 pairs of sandal, the carry cost should be _____ percent of the cost. (Please round to a whole percentage.) This part of the question is based on the information from Problem 6-25 and 6-26 in the textbook. Questions are for Problem 6-26 only. Question 8 The daily demand rate for Rose White's machine shop is _____ . (Please round to an integer and include no units.) Question 9 The optimal production quantity for Rose White's machine shop is _______ . (Please round to an integer and include no units.) Question 10 Given the optimal production quantity calculated above, it will take ______ days for Rose White's machine shop to produce the optimal production quantity. (Please round to one decimal point and include no units.) Question 11 During the time producing the optimal quantity, (based on your calculation in Questions 8 and 10), there will be about ______ brackets sold. (Please round it to an integer and include no units.) Question 12 If Rose uses the optimal production quantity calculated above in Question 9, the maximum inventory level would be ______ , the average inventory level would be _____ , and the annual holding cost would be ______ . (Please round to an integer and include no units.) Question 13 If Rose uses the optimal production quantity calculated above in Question 9, there would be about _____ production runs each year. Hence, the total annual setup cost is ______ and the total annual inventory cost, including the cost of production is ______ . (Please round to an integer and include no units.) Question 14 If the lead time is one-half day, the reorder point (ROP) is ______ units. (Please round to an integer and include no units.)

Paper#6720 | Written in 18-Jul-2015

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