MG375-Unit 7- Assignments-Marissa Cervantes.docx

MG375-Unit 7- Assignments-Marissa Cervantes.docx - UNIT 7...

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UNIT 7: ASSIGNMENT 1 Unit 6: Chapter 12 and Chapter 14 Assignment Marissa Cervantes MG375- Production & Operations Management March 3, 2018 Park University
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UNIT 7: ASSIGNMENT 2 Chapter 12:  Case FabQual Ltd. #1 What is the total annual cost of the present ordering policy for part number  650810/ss/R9/o? Total Annual Cost= ( D Q   S) + (  Q 2 Exchange rate 1 euro = $1.23 dollars Set up cost = (20 x $1.23) x 2 = $24.63 x 2 = $49.26 Annual holding cost = (55 x $1.23) x 20% = $67.74 x 20% = $13.55 TC= ((15,600/1300) x $49.26) + (1300/2) x $13.55) TC = $591.12 + $8,807.50 TC = $9,398.62 #2 What would be the lot size for part number 650810/ss/R9/o if FabQual were to use  an economic order quantity (EOQ)? Q=  2 DS H     Q=  2 ( 15,600 )( $ 49.26 ) ( $ 13.55 ) Q=  1,536,912 ( $ 13.55 ) Q= 336.79 lot size  #3 What would be the total annual cost of using an economic order quantity for part  number650810/ss/R9/o? TC= ((15,600/354) x 55) + (1300/2) x 13.75) TC = $1,136.23
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