This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Henderson Furniture sells reproductions of 18th century furniture. For a particular table, the ... (Read 839 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 24, 2018
Henderson Furniture sells reproductions of 18th century furniture. For a particular table, the assumptions of the inventory model with backorders are valid. D = 200 tables per year I = 25 per year C = 800 per table Co = 80 per order Cb = 50 per table per year The store is open 250 days a year.
 a. What are the values for order quantity and number of planned backorders that will minimize total cost?
  b. What is the maximum inventory?
  c. What is the cycle time?
  d. What is total cost?

Question 2

A production process produces 2 defective parts. A sample of 5 parts from the production is selected. What is the probability that the sample contains exactly two defective parts? Use the binomial probability function and show your computations to answer this question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. Q = 28.28
S = 28.28(200/250) = 22.62
b. 28  23 = 5 tables
c. Cycle time = (28/200)250 = 35 days
d. TC = 89.29 + 571.43 + 473.32 = 1134.04 (using whole numbers of tables for Q and S)

Answer to Question 2

0.0037648


CORALGRILL2014

  • Member
  • Posts: 525
Reply 2 on: Jun 24, 2018
Wow, this really help

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Juan Gris, The Table. Juan Gris, The Table.
Predicted Temperature Trends Through the 21st Century Predicted Temperature Trends Through the 21st Century
Stand at the side of the table facing the head. Apply lubricant with effleurage from ankle to hip ... Stand at the side of the table facing the head. Apply lubricant with effleurage from ankle to hip ...
The Farm-to-Table Continuum The Farm-to-Table Continuum
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
table table
Video: Introduction to Insulin

For a complete list of videos, visit our video library