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HW04-Sp10

# HW04-Sp10 - MGMT 36100 HW 04 40 Points Due Show your...

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MGMT 36100: HW 04 40 Points Due: March 24, 2010 Show your calculations. Submit one copy per group. Neatness is expected. Page numbers below refer to number at the end of Inventory Management and Scheduling chapter (print version). Page numbers for questions from the textbook may be different if you have an e-copy. Probability of stock out = 0.1 means 90% SL. Probability of stock out = 0.02 means 98% SL. Question 1 (9 points, 1+1+2, 1+2+2) Round up ROP / OUL values to the nearest integer. Part (i): Solve problem 20 page 252 except use acceptable stock-out risk as 3% instead of 4% . Part (ii): Solve problem 26 page 253 except make the following changes in part (c): “If a fixed order interval of eight weeks instead of an ROP” and “it orders 40 boxes when the amount on hand is 12 boxes”. Question 2: (6 points) 1 2 3 4 5 6 7 8 9 10 80 75 95 120 145 75 70 90 70 85 Suppose the OUL = 510 and the review period OI = 2 days. Reviews will be carried out on Day 1, 3, 5, etc . The lead-time ( LT ) is 3 days. Inventory position on day 1 is 500. An order of 200 is expected to arrive on day 2.
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