Concept Ch 12 – Illustrating a Fixed-Period Inventory System
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Can you provide an example of a fixed-period inventory system?
Can you provide an example of a fixed-period inventory system?
What is the rationale behind the inclusion of safety stock in probabilistic inventory models?
What does inventory manager consider for most critical A-items when using ABC?
Given the amount of sub-components produced per day and per year, working days, holding cost, and ordering cost…. figure out the economic production quantity, production runs per year, max inventory level, and the holding inventory.
Your numbers will vary.
Given the bath towels used per day, the standard deviation, and the days of lead time necessary… find the reorder point and safety stock necessary.
Your numbers will vary.
Determine how many to order each time, the number of orders per year, days between orders, average inventory, and order cost.
Your numbers will vary.
Classify the inventory items at Boreki Enterprise into ABC classifications.
Your numbers will vary.
Determine the optimal stocking level for Enrique Correa’s bakery to maximize profit.
Your numbers will vary.
Sells cakes and day-old cakes and asks for optimum stocking level.
Your numbers will vary.
Calculate the cost of underestimating, overage cost per program, the ideal number of programs to order per game, and stockout risk.
Your numbers will vary.