Practice Midterm & Final

Practice Midterm & Final - MSOM 3101 Operations...

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MSOM 3101 Operations Management Practice Final Exam 1. Chris irrigation has summarized the price list from four potential suppliers for an underground control valve in the table below. Annual usage is 2400 valves. Order cost is $10 per order. Annual inventory holding cost is $3.33 per unit. SUPPLIER A SUPPLIER B SUPPLIER C SUPPLIER D Quantity Price Quantity Price Quantity Price Quantity Price 1-49 $35.00 1-74 34.75 1-99 34.50 1-199 34.25 50-74 34.75 75-149 34.00 100-199 33.75 200-399 33.00 75-149 33.55 150-299 32.80 200-399 32.50 400+ 31.00 150-299 32.35 300-499 31.60 400+ 31.10 300-499 31.15 500+ 30.50 500+ 30.75 Which vendor should be selected? What is the optimal order quantity? What is the total cost to Chris irrigation with this policy? (25 points) vendor B, $74080 2. The production planning period for flat screen monitors at Georgia’s Fernandez Electronics, inc., is 4 months. Cost data are as follows: Regular time cost per monitor = $70, Overtime cost per monitor = $110, Subcontract cost per monitor = $120 and Carrying cost per monitor per month = $4. For each of
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This note was uploaded on 05/19/2008 for the course MSOM 3101 taught by Professor Levi during the Spring '08 term at Temple.

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Practice Midterm & Final - MSOM 3101 Operations...

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