Microwave Inventory Case
Intelligent Microwaves, Inc.
Intelligent Microwaves, Inc. (IMI) produces a wide range of personal and commercial microwaves, including a heavy-duty microwave oven for use in restaurants and other heavy use environments. Their microwaves are considered to be very reliable and have many “intelligent” features that customers appreciate. Recently, however, competitive price pressures have cut into IMI’s profit margins and they are taking a look at their operations to try to find ways to reduce cost while maintaining or improving product quality and customer service. You have been asked to look at their production and distribution of their heavy-duty microwave oven.
IMI actually produces 6 models of the heavy-duty microwave but they are essentially the same except for the power supply and the language of the instructions that are on the microwave. These differentiating features result in the 6 models and are necessary to meet the requirements of different overseas customers. IMI has always produced each microwave model in batches large enough to satisfy one month’s worth (30 days) of average demand. Historical records indicate it takes them on average 30 days, with a standard deviation of 4 days to produce a batch and an average of 7 days, with a standard deviation of 2 days, to ship a batch of microwaves to the appropriate warehouse in the appropriate country. There is a setup cost of $1000 to get the production line prepared to produce any of the heavy-duty models. One microwave of any model is valued at $500. Through trial and error over the last few years, IMI has found that using a reorder point of 51 days of supply (51 times the average daily demand) has given them a reliable performance, only running out of microwaves about 2% of the time while waiting for a new shipment to arrive. IMI uses an inventory carrying charge of $.25 per dollar of inventory per year.
Intelligent Microwaves:
Production and Distribution of Heavy Duty Microwaves
6 models of Heavy Duty Microwaves
Produced in batches to satisfy one month’s (30 days) of average demand
Production time – mean= 30 days, std dev = 4 days
Ship time – mean 7 days, std dev 2 days
Setup cost of $1000 to prepare the production line for any batch = Order cost
Each microwave is valued at $500
Reorder point is 51 days of supply = 51 days * average daily demand
Has yielded a 2% probability of stockout
Inventory carrying cost is $0.25/dollar of inventory
Key formulas
Lead time = Production time + Ship time
Demand during lead time = Lead time * Average daily demand
Std Dev of demand during lead time =>
Safety stock = Reorder point – Demand during lead time
Safety stock = z * std dev of demand during lead time thus`
Z = safety stock / std dev of demand during lead time
Service level = NORMDIST(z)
Total cost = Annual Purchase Cost + Annual Ordering Cost + Annual Holding Cost
TC = DC + (D/Q)S + (Q/2 + SS)H where
(D=Demand, C=Cost/unit, Q = order qty, S=Orde ...
Strategic management, Analyzing the building blocks of WaltonMd. Ismail Hossen
An assignment prepared for the purpose of analyzing the four building blocks of Walton ( Refrigeration Department)
1) Achieving Superior Efficiency
2) Achieving Superior Quality
3) Achieving Superior Innovation
4) Achieving Superior Customer Responsiveness
CurrentCurrent PracticeMicrowave ModelABCDEFTotal$ Value500.00500.00500.00500.00500.00500.00Holding Cost Factor0.250.250.250.250.250.25Fixed Cost Per Order1000.001000.001000.001000.001000.001000.00Daily Demand:Average122288359744Std. Dev.171867192222Order Quantity
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily demand3606602640105029101320Ship Time (days):Average777777Std. Dev.222222Production Time (days):Average303030303030Std. Dev.444444Lead Time (days):Average
p038981: p038981:
=Average ship time + average production time37.00Std. Dev.
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production time^2)
4.47Demand during Lead Time:Average
p038981: p038981:
Average daily demand * average lead time444Std. Dev.
p038981: SQRT((Average lead time * Standard deviation of daily demand^2)+(Average daily demand^2 * Standard deviation of Lead time^2))
117Reorder Point
p038981: p038981:
Current practice is 51*average daily demand612Safety Stock Level
Bret Kauffman: = Reorder point - average demand during lead time168Inventory Performance:Service Level
p038981: We know that safety stock = z * standard deviation of demand during lead time
therefore the z value = safety stock / standard deviation of demand during lead time
once we know the z value, NORMSINV will give us the current level of customer service that IMI is providing for this model.
This Service Level = NORMSDIST(safety stock / standard deviation of demand during lead time)
0.9254Calculation of Total CostPurchase Cost
Bret Kauffman: Value of the microwave * number of microwaves sold (=average daily demand * 365)2,190,000Annual Holding Cost:Cycle Stock
p038981: p038981:
Holding cost factor * Price/unit * Average inventory
remember average inventory = order quantity / 222,500Safety Stock
p038981: p038981:
Holding cost factor * value/unit * safety stock units
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily demand21,000Anuual Fixed Order Cost
p038981: p038981:
Order cost = Fixed cost per order * (Annual demand / Order quantity)
assume 365 days / year12,167Annual Total Cost
p038981: p038981:
Total cost = Purchase cost + ordering cost + holding cost
p038981: p038981:
=Average ship time + average production time
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production time^2)
p038981: p038981:
Average daily demand * average lead time
p038981: SQRT((Average lead time * Standard deviation of daily demand^2)+(Average daily demand^2 * Standard deviation of Lead time^2))
p038981: p038981:
Current practice is 51*average daily demand
Bret Kauffman: = Reorder point - average demand during lead time2,245,667
AnalysisEconomic Order Quantity and Safety StockSingle ModelMicrowave ModelABCDEFTotalX$ Value500.00500.00500.00500.00500.00500.00500.00Holding Cost Factor0.250.250.250.250.250.250.25Fixed Cost Per Order1000.001000.001000.001000.001000.001000.001000.00Daily Demand:Average122288359744Std.
CENTRE FOR CONTINUING EDUCATION EXECUTIVE MBA (OIL & .docxarnit1
CENTRE FOR CONTINUING EDUCATION
EXECUTIVE MBA
(OIL & GAS MANAGEMENT)
BATCH: _______________________
SEMESTER: _______________________
NAME: _______________________
SAP NO/REGN NO: _______________________
ASSIGNMENT – 1
FOR
Operations and Materials Management
MBCQ -722
UNIVERSITY OF PETROLEUM & ENERGY STUDIES
Last Date of Submission:-15th April 2012
Section‐A
(Short Answer Questions) Marks: 4×5=20
1. For the following organizations, explain how their operations functions can support business
strategy, implement business strategy and drive business strategy:
‐ a fast‐food restaurant
‐ a film‐processing service
‐ an oil refinery.
2. Why is operations management relevant to managers in other organization functions?
3. Using an example of your own choice, describe how the cost of the operation might be affected by
changing the levels of performance of quality, speed, dependability and flexibility.
4. Draw the hierarchy of operations for a small manufacturing company.
Section‐B
(Long Answer Questions) Marks: 3×10=30
1. A company which specializes in fabricating large lathes inspects every lathe before it is shipped to
the customer’s site. Given below are the defects found on a sample of 10 lathes.
Sample
No.
1 2 3 4 5 6 7 8 9 10
No.
Defects
2 1 0 3 4 2 2 3 4 1
Find whether the processes are under the control for 99 percent defects. Justify your answer
2. A firm is planning to set up a production line to assemble 300 units per hour, and 50 minutes
per hour are productive. The time to perform each task and the tasks that must precede each
task are:
=======================================================================
Task That Time to Tasks That Time to
Immediately Perform Task Immediately Perform Task
Task Precedes (Minutes) Task Precede (Minutes)
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
A ‐‐ .69 F B 1.10
B A .55 G C,D,E .75
C B .21 H G,F .43
D B .59 I H .29
E B .70
=======================================================================
a. Draw a diagram of precedence relationships.
b. Compute the cycle time per unit in minutes.
c. Compute the minimum number of work stations required to produce 300 units per hour
and find the efficiency of the balance line
3. What is statistical process control (SPC)? Explain why x and R charts are used together?
Section‐C
(Caselets/Situational Questions) Marks: 2×25=50
1. Inventory management in some operations is more than just a part of their responsibility; it is their
very reason for bein ...
Strategic management, Analyzing the building blocks of WaltonMd. Ismail Hossen
An assignment prepared for the purpose of analyzing the four building blocks of Walton ( Refrigeration Department)
1) Achieving Superior Efficiency
2) Achieving Superior Quality
3) Achieving Superior Innovation
4) Achieving Superior Customer Responsiveness
CurrentCurrent PracticeMicrowave ModelABCDEFTotal$ Value500.00500.00500.00500.00500.00500.00Holding Cost Factor0.250.250.250.250.250.25Fixed Cost Per Order1000.001000.001000.001000.001000.001000.00Daily Demand:Average122288359744Std. Dev.171867192222Order Quantity
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily demand3606602640105029101320Ship Time (days):Average777777Std. Dev.222222Production Time (days):Average303030303030Std. Dev.444444Lead Time (days):Average
p038981: p038981:
=Average ship time + average production time37.00Std. Dev.
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production time^2)
4.47Demand during Lead Time:Average
p038981: p038981:
Average daily demand * average lead time444Std. Dev.
p038981: SQRT((Average lead time * Standard deviation of daily demand^2)+(Average daily demand^2 * Standard deviation of Lead time^2))
117Reorder Point
p038981: p038981:
Current practice is 51*average daily demand612Safety Stock Level
Bret Kauffman: = Reorder point - average demand during lead time168Inventory Performance:Service Level
p038981: We know that safety stock = z * standard deviation of demand during lead time
therefore the z value = safety stock / standard deviation of demand during lead time
once we know the z value, NORMSINV will give us the current level of customer service that IMI is providing for this model.
This Service Level = NORMSDIST(safety stock / standard deviation of demand during lead time)
0.9254Calculation of Total CostPurchase Cost
Bret Kauffman: Value of the microwave * number of microwaves sold (=average daily demand * 365)2,190,000Annual Holding Cost:Cycle Stock
p038981: p038981:
Holding cost factor * Price/unit * Average inventory
remember average inventory = order quantity / 222,500Safety Stock
p038981: p038981:
Holding cost factor * value/unit * safety stock units
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily demand21,000Anuual Fixed Order Cost
p038981: p038981:
Order cost = Fixed cost per order * (Annual demand / Order quantity)
assume 365 days / year12,167Annual Total Cost
p038981: p038981:
Total cost = Purchase cost + ordering cost + holding cost
p038981: p038981:
=Average ship time + average production time
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production time^2)
p038981: p038981:
Average daily demand * average lead time
p038981: SQRT((Average lead time * Standard deviation of daily demand^2)+(Average daily demand^2 * Standard deviation of Lead time^2))
p038981: p038981:
Current practice is 51*average daily demand
Bret Kauffman: = Reorder point - average demand during lead time2,245,667
AnalysisEconomic Order Quantity and Safety StockSingle ModelMicrowave ModelABCDEFTotalX$ Value500.00500.00500.00500.00500.00500.00500.00Holding Cost Factor0.250.250.250.250.250.250.25Fixed Cost Per Order1000.001000.001000.001000.001000.001000.001000.00Daily Demand:Average122288359744Std.
CENTRE FOR CONTINUING EDUCATION EXECUTIVE MBA (OIL & .docxarnit1
CENTRE FOR CONTINUING EDUCATION
EXECUTIVE MBA
(OIL & GAS MANAGEMENT)
BATCH: _______________________
SEMESTER: _______________________
NAME: _______________________
SAP NO/REGN NO: _______________________
ASSIGNMENT – 1
FOR
Operations and Materials Management
MBCQ -722
UNIVERSITY OF PETROLEUM & ENERGY STUDIES
Last Date of Submission:-15th April 2012
Section‐A
(Short Answer Questions) Marks: 4×5=20
1. For the following organizations, explain how their operations functions can support business
strategy, implement business strategy and drive business strategy:
‐ a fast‐food restaurant
‐ a film‐processing service
‐ an oil refinery.
2. Why is operations management relevant to managers in other organization functions?
3. Using an example of your own choice, describe how the cost of the operation might be affected by
changing the levels of performance of quality, speed, dependability and flexibility.
4. Draw the hierarchy of operations for a small manufacturing company.
Section‐B
(Long Answer Questions) Marks: 3×10=30
1. A company which specializes in fabricating large lathes inspects every lathe before it is shipped to
the customer’s site. Given below are the defects found on a sample of 10 lathes.
Sample
No.
1 2 3 4 5 6 7 8 9 10
No.
Defects
2 1 0 3 4 2 2 3 4 1
Find whether the processes are under the control for 99 percent defects. Justify your answer
2. A firm is planning to set up a production line to assemble 300 units per hour, and 50 minutes
per hour are productive. The time to perform each task and the tasks that must precede each
task are:
=======================================================================
Task That Time to Tasks That Time to
Immediately Perform Task Immediately Perform Task
Task Precedes (Minutes) Task Precede (Minutes)
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
A ‐‐ .69 F B 1.10
B A .55 G C,D,E .75
C B .21 H G,F .43
D B .59 I H .29
E B .70
=======================================================================
a. Draw a diagram of precedence relationships.
b. Compute the cycle time per unit in minutes.
c. Compute the minimum number of work stations required to produce 300 units per hour
and find the efficiency of the balance line
3. What is statistical process control (SPC)? Explain why x and R charts are used together?
Section‐C
(Caselets/Situational Questions) Marks: 2×25=50
1. Inventory management in some operations is more than just a part of their responsibility; it is their
very reason for bein ...
An Experimental Investigation of Capacity Utilization in Manufacturing Indus...IJMER
In the modern day competitive world, every organization demands an effective utilization of
capacity. Capacity Utilization means the maximum amount of output that can be produced in the short run of time. A lot of planning is necessary for the proper management of capacity. Capacity planning is one side of a coin and capacity management is the other. The capacity plans needs to be executed flawlessly, with unpleasant surprises avoided. A managerial problem is to match the capacity with the plans. Companies whether labour or machine intensive have a CI trend that remains fairly constant in
that particular sector. For example a company will have a monthly cumulative CI trend that could be compared with any other company trend within the same market. The present paper makes an attempt to study the most important parameter of the organization i.e capacity utilization of a company
Implementation of Lean Manufacturing Principles in FoundriesIJMER
It is the general perception that the foundry industries are inherently more efficient and have a relatively less requirement for major improvement activities. Managers and engineers have also been hesitant to implement lean manufacturing tools and techniques to the continuous sector because of typical and identical characteristics that sector. These include costly and special purpose inflexible machines, options of modifications in machines are limited ,long setup times, and the general difficulty in producing in small batches.
Lean manufacturing technology when applied appropriately in a process industry , can help in eliminating waste , enhance the quality of product , attain better and smooth control on operations and thereby reducing the production cost and production time .
Please go through the document completely before providing the answe.docxARIV4
Please go through the document completely before providing the answer.
Need a paper of 2-3 pages with references on the topic mentioned in the document.
Need a presentation of 2-3 slides with references on the same topic mentioned in the document.
No Plagiarism.
.
Please follow the instruction carefully. APA stile. Mínimum three re.docxARIV4
Please follow the instruction carefully. APA stile. Mínimum three references
Prepare a document with the definition or description of each of the key concepts that follow. The document must be written following the APA format and include the references used.
Key Concepts
1. Public Health
2. Health Policy
3. Surveillance
4. Standards
5. Quality of Health
6. Outbreak
7. Illness
8. Mortality
9. Population
.
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Similar to Microwave Inventory CaseIntelligent Microwaves, Inc.Intelligen.docx
An Experimental Investigation of Capacity Utilization in Manufacturing Indus...IJMER
In the modern day competitive world, every organization demands an effective utilization of
capacity. Capacity Utilization means the maximum amount of output that can be produced in the short run of time. A lot of planning is necessary for the proper management of capacity. Capacity planning is one side of a coin and capacity management is the other. The capacity plans needs to be executed flawlessly, with unpleasant surprises avoided. A managerial problem is to match the capacity with the plans. Companies whether labour or machine intensive have a CI trend that remains fairly constant in
that particular sector. For example a company will have a monthly cumulative CI trend that could be compared with any other company trend within the same market. The present paper makes an attempt to study the most important parameter of the organization i.e capacity utilization of a company
Implementation of Lean Manufacturing Principles in FoundriesIJMER
It is the general perception that the foundry industries are inherently more efficient and have a relatively less requirement for major improvement activities. Managers and engineers have also been hesitant to implement lean manufacturing tools and techniques to the continuous sector because of typical and identical characteristics that sector. These include costly and special purpose inflexible machines, options of modifications in machines are limited ,long setup times, and the general difficulty in producing in small batches.
Lean manufacturing technology when applied appropriately in a process industry , can help in eliminating waste , enhance the quality of product , attain better and smooth control on operations and thereby reducing the production cost and production time .
Please go through the document completely before providing the answe.docxARIV4
Please go through the document completely before providing the answer.
Need a paper of 2-3 pages with references on the topic mentioned in the document.
Need a presentation of 2-3 slides with references on the same topic mentioned in the document.
No Plagiarism.
.
Please follow the instruction carefully. APA stile. Mínimum three re.docxARIV4
Please follow the instruction carefully. APA stile. Mínimum three references
Prepare a document with the definition or description of each of the key concepts that follow. The document must be written following the APA format and include the references used.
Key Concepts
1. Public Health
2. Health Policy
3. Surveillance
4. Standards
5. Quality of Health
6. Outbreak
7. Illness
8. Mortality
9. Population
.
Please follow the instructions attached in MS Word. Font Arial, .docxARIV4
Please follow the instructions attached in MS Word.
Font: Arial, 12 pointSpacing: double (Normal)Length: 2 page minimum (not including title, image, bibliography, or course information)Image: Attach as a separate document or include in the paper. REQUIRED
3 in-paper citations are REQUIRED
.
Please help me write a report focusing on photocatalysis of TiO2 .docxARIV4
Please help me write a report focusing on "photocatalysis of TiO2 material". Most of the papers regarding this topic can be found online.
Requirement:
- 8 to 10 pages long
- Does not have to be strictly plagiarism free (you can pick certain ideas from certain paper and lightly paraphrase their idea. You can just copy paste their images if they have any)
.
Please follow the directions in the assignment content Environme.docxARIV4
Please follow the directions in the assignment content
Environmental Print Activities [due Mon]
Assignment Content
Provide
two examples of environmental print, one that a preschool child (2 to 4 years old) may encounter and one that a kindergarten child (5 to 6 years old) may encounter.
Create
two different activities that use environmental print to develop children's print awareness. One activity must be for use with children in preschool (2- to 4-year-olds) and the other activity must be for use with children in kindergarten (5- to 6-year-olds).
Use
one of these activities with your client.
.
Please follow the directions below to complete the project1.).docxARIV4
Please follow the directions below to complete the project:
1.) Using Python, download the following attributes from
seedinvest.com
and put into an Excel spreadsheet:
Issuer
Offering Type
Title
Answers
Round Size
Issuer URL
Amount Raised
Bio
Security Type
Prior Rounds
Keywords
Total Investors
Questions
Tagline
Round Valuation Cap
Round Security Type
Round Closed Data
Investment Perks
Founders & Officers
Company Description
Minimum Investment
Pre-Money Valuation
Products & Services
*Data should include all the startups that are trying to raise funds through the parent site (Seed Invest)*
Note: Some of the attributes may not have data. Data attributes may be titled differently in some sites. Use your judgement to categorize these together and provide an explanation on the categorization.
2.) Provide screen shots of the code.
Give a brief walk through of strategy and approach, issues your ran into, end results.
.
Please follow all directions please. the attachment titled assignme.docxARIV4
Please follow all directions please. the attachment titled "assignment 9" is where you can locate the directions. The other attachments are just guides to also help. please look at those attachment as well. The topic for the Paper is CAPITAL PUNISHMENT. Please follow all directions and let me know if the links do not work.
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Please draft a personal message that you would like to appear on you.docxARIV4
Please draft a personal message that you would like to appear on your slide during the ceremony, maximum size 150 characters
Please remember that this is a formal ceremony. Please do not use slang or derogatory terms.
Highlight your love for the school, and your love for the math and economics departments. And thanks to the school teachers.
.
Please explain how you have met various BSN Essentials for each co.docxARIV4
Please explain how you have met various BSN Essentials for each course listed below based on the completion of various course assignments and/ or clinical practice experiences. I have attached the BSN essentials as well as a course description for each course. The paper needs to be 1.5 pages discussing a bit about each class. The description of each class is listed below along with an explanation of each BSN essential. Utilize as many essential key point as possible for each course listed.
1.5 pages
12 Point Font (Times New Roman)
Care Management II
Nursing care management of diverse adult and elderly acute care populations experiencing physiologic and psychological illnesses. Proficiency is acquired in the classroom and in clinical experiences across conditions that have a significant effect on quality of life, are highly preventable, and/or economically inefficient. Emphasis is placed on interprofessional collaboration and advocacy to achieve optimal outcomes.
Information Technology for Nursing
Information management and patient care technology skills, including analysis of various applications of information systems within the context of the healthcare system. Elements covered include theoretical models; data acquisition and data representation; nursing vocabularies and nursing knowledge representation; managing organizational change; ethical and social issues in healthcare and consumer information technology.
Nursing Pharmacotherapeutics
Pre-licensure BSN course. Essential concepts and principles of pharmacology as applied to baccalaureate level nursing practice. Imparts knowledge and skills required for safe, effective administration of therapeutic drugs (including herbal and complementary medications). The course covers critical skills related to dosage calculation and medication administration that. must be performed without error to achieve a passing grade for the course.
The BSN Essentials
Essential I: Liberal Education for Baccalaureate Generalist Nursing Practice
A solid base in liberal education provides the cornerstone for the practice and
education of nurses.
Essential II: Basic Organizational and Systems Leadership for Quality Care and
Patient Safety
Knowledge and skills in leadership, quality improvement, and patient safety are
necessary to provide high quality health care.
Essential III: Scholarship for Evidence Based Practice
Professional nursing practice is grounded in the translation of current evidence
into one’s practice.
Essential IV: Information Management and Application of Patient Care Technology
Knowledge and skills in information management and patient care technology are
critical in the delivery of quality patient care.
Essential V: Health Care Policy, Finance, and Regulatory Environments
Healthcare policies, including financial and regulatory, directly and indirectly
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Please Follow directions or I will dispute please answer origina.docxARIV4
Please Follow directions or I will dispute
please answer original forum with a minimum of 250 words and respond to both students separately with a minimum of 100 words each
page 1 Original Forum with References
page 2 Heath response with references
page 3 hildreth response with references
OriginL Forum
Analyze and critique the safety and emergency management structure found in the port environment, and discuss the supporting plans and programs typically found in a major port operation. As part of your discussion, judge the legislative policies developed to prevent, prepare for, respond to, and recover from a WMD attack at a major port. In your opinion, are the current legislative security policies sufficient to secure and protect US ports? Explain.
Student response
heath
Good afternoon classmates and Professor. I apologize for being late with this assignment. I have been busy directing the setup of maintenance operations at a TDY location in Northern Sweden.
I am not sure if I am not using the correct verbiage or if being in Sweden is providing different results than I would normally receive when conducting research, but I have spent hours trying to find sources to utilize for this post. The few that I do find are ~2003 era and I feel are so out of date that they are not relevant anymore. Therefore, I will do my best to provide some thoughts on this week’s topic.
From the course we have read or discussed the roll of the Captain of the Port. Their responsibility is over a single port or a series of ports and provide a single point of command and control for all responding agencies in the event of an emergency like an attack at a port. The agencies could be local law enforcement like the county sherrif or city police, state police, FBI, and the Coast Guard. Through this position, they have certain abilities to control or even stop all operations in the port if it is deemed necessary to prevent, stop, or recover from an emergency situation.
Some of the major ports in the country and even around the world may have a trained private security force that is responsible for the day to day security as well as be able to rapidly respond to an emerging threat as it is identified. This would enable them to quickly eliminate or reduce the threat thereby preventing damage to the port and hindering operations.
Each port should have a port security plan in place to assist in responding to emergencies. The plan should include general information about the port’s facilities, its organizational structure, security levels and associated changes in threat posture, duties of the port security personnel, a communication plan, and responses to security threats, incidents and breaches (Port Facility Security Plan, 2019).
Based on discussions earlier in this course, I believe we have improved our port security operations, but they can stand to be further strengthened.
-Heath
Source(s):
Port Facility .
Please find the attached.Task 1 - In 150 words comment on att.docxARIV4
Please find the attached.
Task 1 : - In 150 words comment on attached two presentations reflecting on your own experience, challenging assumptions, pointing out something new you learned, and offering suggestions.
Task2 : - Write an essay of at least 450 words discussing discussing how a blockchain implementation would improve data security in a military, education, or other context.
.
Please draw primarily from this weeks readings (and use additio.docxARIV4
Please draw primarily from this week's readings (and use additional outside sources as needed) to address each of the following questions:
1. What are some of the biggest benefits of a globalized economy? What are some of the biggest problems?
2. Choose two of the international political economy (IPE) theories discussed in the lesson and compare/contrast how each views the relationship between economic interdependence and peace.
Post needs to be 400 words
.
Please explain the reoccurring theme (sub-textual idea) of blin.docxARIV4
Please explain the reoccurring theme (sub-textual idea) of "blindness" in the play Oedipus. What was the reason behind it? Use examples from the play to support your answer.
Be as complete as possible (1-2 paragraphs)
the play is in the attachment.
.
Please fill the attached Self-Assessment Surveys (TWO) and calcula.docxARIV4
Please fill the attached Self-Assessment Surveys (TWO) and calculate your score according to the instruction after each survey. These are personal assessments and I want you to be as honest as possible, rather than worry about what I am going to think.
1. AM I A DELIBERATE DECISION MAKER?
Indicate to what extent the following statements describe you when you make decisions.
1 = to a very little extent; 2 = to a little extent; 3 = somewhat; 4 = to a large extent; 5 = to a very large extent
1
2
3
4
5
1. I jump into things without thinking.
2. I make rash decisions.
3. I like to act on a whim.
4. I rush into things.
5. I don’t know why I do some of the things I do.
6. I act quickly without thinking.
7. I choose my words with care.
Instructions:
To score the measure, first reverse-code items 1, 2, 3, 4, 5, and 6. So that 1=5, 2=4, 3=3, 4=2, and 5=1. Then compute the sum of the 7 items. Scores will range from 7 to 35.
Interpretation
People differ in how they make decisions. Some people prefer to collect information, carefully weigh alternatives, and then select the best option, while others prefer to make a choice as quickly as possible.
This scale assesses how deliberate you are when making decisions. If you scored at or above 28, you tend to be quite deliberate. If you scored at or below 14, you tend to be rash. Scores between 14 and 27 reveal a more blended style of decision making.
How should decisions be made? The rational model states that individuals should define the problem, identify what criteria are relevant to making the decision and weigh those criteria according to importance, develop alternatives, and finally evaluate and select the best alternative. Though this sounds like an arduous process, research has shown that the rational model tends to result in better decisions.
Interestingly, personality is related to a person’s decision-making style. Individuals who are deliberate and decisive tend to be high in emotional stability and high in conscientiousness, while individuals who are more impulsive tend to be low on these two traits. Thus, while your decision-making style is likely to be somewhat stable, following the rational model should help you to avoid making rash decisions.
2. HOW CREATIVE AM I?
Review the 30 adjectives that follow. Being honest and forthright with your answers, identify only those items that accurately describe you.
1. Affected
2. Capable
3. Cautious
4. Clever
5. Commonplace
6. Confident
7. Conservative
8. Conventional
9. Dissatisfied
10. Egotistical
11. Honest
12. Humorous
13. Individualistic
14. Informal
15. Insightful
16. Intelligent
17. Inventive
18. Mannerly
19. Narrow Interests
20. Original
21. Reflective
22. Resourceful
23. Self-confident
24. Sexy
25. Sincere
26. Snobbish
27. Submissive
28. Suspicious
29. Unconventional
30. Wide Interests
Instructions:
The score was calculated by adding 1 point if you descr.
Please explain the rules of the calling program (Caller Rules).docxARIV4
Please explain the rules of the calling program (Caller Rules)?
What is the differences between or an xor? Why would you use either of these conditions?
What is the Hanoi Puzzle? Why does it relate to a stack?
Why is the purpose of creating jumps?
.
Please follow directions to receive all possible points!!The int.docxARIV4
Please follow directions to receive all possible points!!
The introduction to your project should be at least one paragraph and should introduce the readers to the topic that you have chosen and why you are interested in researching that topic. Include an introductory sentence that draws readers into the subject matter of paper. (Prostitution)
The conclusion should be at least one paragraph and should wrap up what was covered in the paper.
.
Please follow instructions A blanch interpersonal record attached..docxARIV4
*Please follow instructions: A blanch interpersonal record attached.
*All information should be on Interpersonal record.
*Two pages-Only-for each week. A total of three weeks log.
* A total of six pages. Have different dates on each week.
*The student will choose a child in the community of approximately 2 ½ years of age to 4 years of age to interact with on an ongoing basis.
* There must be an opportunity to do at least one home visit and interact with primary caregiver and family.
*A genogram and cultural assessment will be included with the theory paper, based on this experience.
*Logs will be kept of time of interaction, verbatim interactions and
*analysis with a classical theorist: Freud, Erickson, Klein, Sullivan, Peplau, etc. *Using a different theorist on each log may provide the student with exposure to many ways of looking at behaviors. Logs will be submitted weekly.
Clinical Requirements:
1. Choose a child- (Make it up) 2 1/2 -4 years
2. Make at least one home visit and interact with primary caregiver, family.
3. Construct a genogram.
4. Include a cultural assessment of family.
5. Maintain a log of time, verbatim interactions, and submit monthly.
6. Perform a Denver Developmental Survey with Child.
.
Please explain how you have met various BSN Essentials for each cour.docxARIV4
Please explain how you have met various BSN Essentials for each course listed below based on the completion of various course assignments and/ or clinical practice experiences. I have attached the BSN essentials as well as a course description for each course. The paper needs to be 3 pages discussing a bit about each class.
3 pages minimum
12 Point Font (Times New Roman)
Care Management IV-
Course Description: Nursing care management of patients with chronic and complex physiological and/or psychological health issues, as well as conditions associated with selected high risk, high cost, and emergent conditions that are treated in intensive care, emergency, and/or trauma settings. Proficiency is acquired in the classroom and while working in various settings that may include acute care, long-term care, home health, hospice, and substance abuse/mental health settings. Prioritization of access to care and available resources is emphasized, as is development of the nurse as a leader of the interprofessional care management team.
Professional Nursing III-
This course introduces the development of a professional nurse. Subject matter will include nursing history, nursing theories, models of practice, various venues of practice, and roles of a professional nurse. Effective communication as a professional nurse will be addressed. Pre-licensure BSN course
Leadership-
Focuses on concepts, principles, and theories of leadership, management, role development and administration in a variety of culturally diverse health care delivery systems at local, regional, national and global levels. Skills required b the professional nurse leader, including delegation of responsibilities, networking, facilitation of groups, conflict resolution, case management, collaboration, budgeting, cost effectiveness and resource allocation, risk management, quality and performance indicators, teaching and professional development are emphasized and applied in relevant settings.
Mental Health-
This course evaluates the biological-behavioral concepts, therapeutic communication, and standards of practice for the care of psychiatric mental health nursing situations. Critical thinking and evidenced-based practice guides nursing responses toward effective stabilization and long-term maintenance strategies for an improved quality of life within the community. Legal, ethical, cultural, and developmental considerations are integrated into patient and family-centered care.
.
Please explain how you have met various Bachelor of Science in Nur.docxARIV4
Please explain how you have met various Bachelor of Science in Nursing (BSN) Essentials for each course listed below based on the completion of various course assignments and/ or clinical practice experiences. I have attached the BSN essentials as well as a course description for each course. The paper needs to be 1.5 pages discussing a bit about each class. The description of each class is listed below along with an explanation of each BSN essential. Utilize as many essential key point as possible for each course listed. USING APA FORMAT AND PROVIDE PLAGIARISM CHECK.
1.5 pages
12 Point Font (Times New Roman)
Care Management I (Fundamentals of Nursing)
Course Description: This course introduces classic nursing principles that underpin future clinical practice. Principles include such things as comfort measures, assistance with daily living activities, environmental concerns, positioning and transporting, asepsis and sterile technique, medication administration, intrusive therapies and use of the nursing process with particular emphasis on the intervention component. The majority of the theoretical information is provided through an online environment. Concepts related to nursing fundamentals and nursing care is integrated throughout the course. The campus laboratory and clinical settings will afford practical experience in application of the principles and skills taught in the theory portion of this class.
Professional Nursing I&II
Course Description: The course focuses on nursing as a caring profession, nurse's roles and functions, ethics, standards, legal aspects, holism, wellness, health care delivery, communication, teaching/learning, critical thinking, and the nursing process (ADPIE) -Assessment, Diagnosis, Planning, Intervention, and Evaluation.
Quality and Safety
Course Description and Objectives: A. Analyze quality initiatives to improve health outcomes in healthcare settings. B. Compare and contrast quality improvement models appropriate for advanced nursing roles in healthcare settings. C. Use principles of a just culture and high reliability to analyze errors in healthcare delivery. D. Select appropriate evidence-based plans using trend analysis and quantification of quality and safety outcomes. E. Promote a professional environment to include accountability and high-level communication skills when participating in peer review, advocating for patients and families, reporting errors, and writing for the nursing profession. F. Encourage the integration of health care services within healthcare settings to affect safety and quality of care by improving patient outcomes and reducing fragmentation of care.
Pathophysiology
Course Description: This course focuses on the pathophysiology of common disease conditions affecting human beings across the lifespan. Content builds on basic anatomy and physiology, microbiology, and chemistry content obtained from earlier courses.
Physical Assessment
Course Description: This course builds fro.
Please DiscussWhat are host-based, client-based, client-serv.docxARIV4
Please Discuss
What are host-based, client-based, client-server, cloud-based application architectures
how the Web works
how email works
Explain any Peer-to-peer application example such as Napster, BitTorrent, etc
Pick at least
Two
from the following topics:
HTTP
POP
SMTP
IMAP
MIME
MPEG
SaaS
HaaS
PaaS
IaaS
H.323
Provide with example, showing the history, and the purpose of using each of these topics.
.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
1. Microwave Inventory Case
Intelligent Microwaves, Inc.
Intelligent Microwaves, Inc. (IMI) produces a wide range of
personal and commercial microwaves, including a heavy-duty
microwave oven for use in restaurants and other heavy use
environments. Their microwaves are considered to be very
reliable and have many “intelligent” features that customers
appreciate. Recently, however, competitive price pressures
have cut into IMI’s profit margins and they are taking a look at
their operations to try to find ways to reduce cost while
maintaining or improving product quality and customer service.
You have been asked to look at their production and distribution
of their heavy-duty microwave oven.
IMI actually produces 6 models of the heavy-duty microwave
but they are essentially the same except for the power supply
and the language of the instructions that are on the microwave.
These differentiating features result in the 6 models and are
necessary to meet the requirements of different overseas
customers. IMI has always produced each microwave model in
batches large enough to satisfy one month’s worth (30 days) of
average demand. Historical records indicate it takes them on
average 30 days, with a standard deviation of 4 days to produce
a batch and an average of 7 days, with a standard deviation of 2
days, to ship a batch of microwaves to the appropriate
warehouse in the appropriate country. There is a setup cost of
$1000 to get the production line prepared to produce any of the
heavy-duty models. One microwave of any model is valued at
$500. Through trial and error over the last few years, IMI has
found that using a reorder point of 51 days of supply (51 times
the average daily demand) has given them a reliable
performance, only running out of microwaves about 2% of the
time while waiting for a new shipment to arrive. IMI uses an
inventory carrying charge of $.25 per dollar of inventory per
2. year.
Intelligent Microwaves:
Production and Distribution of Heavy Duty Microwaves
6 models of Heavy Duty Microwaves
Produced in batches to satisfy one month’s (30 days) of average
demand
Production time – mean= 30 days, std dev = 4 days
Ship time – mean 7 days, std dev 2 days
Setup cost of $1000 to prepare the production line for any batch
= Order cost
Each microwave is valued at $500
Reorder point is 51 days of supply = 51 days * average daily
demand
Has yielded a 2% probability of stockout
Inventory carrying cost is $0.25/dollar of inventory
Key formulas
Lead time = Production time + Ship time
Demand during lead time = Lead time * Average daily demand
Std Dev of demand during lead time =>
Safety stock = Reorder point – Demand during lead time
Safety stock = z * std dev of demand during lead time thus`
Z = safety stock / std dev of demand during lead time
Service level = NORMDIST(z)
Total cost = Annual Purchase Cost + Annual Ordering Cost +
Annual Holding Cost
TC = DC + (D/Q)S + (Q/2 + SS)H where
(D=Demand, C=Cost/unit, Q = order qty, S=Order cost,
H=Holding cost, SS = Safety Stock)
3. A Based on the Microwave Inventory Case answers to the
following question in form of a report:
1. Calculate the current cost of IMI’s inventory practices using
the CURRENT tab of the template provided.
2. What would be the potential benefits of selecting both the
production batch sizes and the reorder points more
scientifically? Do this by completing columns B through H of
the ANALYSIS tab of the template provided. Using the
concepts of Economic Order Quantity and Reorder Point,
explain the difference between this model and IMI’s current
practice.
4. 3. What if IMI was able to fully standardize the heavy-duty
model to the point where the language and power supply
customizing features could be added in a modular fashion
immediately before shipping to the warehouse that needs them?
You consulted with the production superintendent, who
indicated that this could be done, but that it would add one day
to the ship time to add these customizing features to the
standard microwave just prior to shipping.
Consider it this way. IMI maintains a warehouse right next to
their factory and they store inventory for models A, B, C, D, E,
and F. Therefore they have to maintain separate inventory for
each of the models. If they standardize to a single model, it
may take them a day to ship, but they only need to keep one
type of microwave in their warehouse.
For this part use the SINGLE MODEL column of the
ANALYSIS tab and consider the impact RISK POOLING has
should IMI combine all models. Using the inventory concepts
we discussed in class, explain to IMI why they might achieve
some cost benefit by embracing the idea of replacing all of their
models with a single model.
4. Assuming that you have now convinced IMI to standardize on
a single model of microwave, investigate other opportunities
that IMI may have to reduce costs or improve customer service.
Look at the components of total cost (not limited to
transportation time, order cost, supply or demand variability)
and make a recommendation to IMI on where else they may
want to focus their efforts. Justify your recommendations.
5. Perform a sensitivity analysis and evaluate potential
additional benefits focusing in Economic Order Quantity and
Safety Stock
6. On the spreadsheet add a column and consider:
5. · Reducing set-up times
· Reducing production or lead times?
· What about variances
B. Paper should be professionally structured, well-organized,
insightful, start with an executive overview, and conclude by
emphasizing the most important parts of the analysis.
Based on the spreadsheet summarized results and deliver in
form or report.
· what you have discovered
· Draw conclusions and summarize findings
· In what other areas might you invest?
(
)
2
2
2
2
D
L
L
D
LTD
m
s
m
s
s
×
+
×
=
Microwave ModelABCDEF
Daily Demand:
6. Average122288359744
Std. Dev.171867192222
CurrentMicrowave ModelABCDEFTotal$
Value500.00500.00500.00500.00500.00500.00Order
Quantity3606602640105029101320Reorder
Point61211224488178549472244Holding Cost
Factor0.250.250.250.250.250.25Fixed Cost Per
Order1000.001000.001000.001000.001000.001000.00Daily
Demand:Average122288359744Std. Dev.171867192222Ship
Time (days):Average777777Std. Dev.222222Production Time
(days):Average303030303030Std. Dev.444444Lead Time
(days):Average37.0037.0037.0037.0037.0037.00Std.
Dev.4.474.474.474.474.474.47Demand during Lead
Time:Average4448143256129535891628Std.
Dev.117147567195454238Safety
Stock:Units16830812324901358616Safety Factor (Std.
Devs.)1.442.092.172.522.992.59Inventory Performance:Service
Level0.92540.98180.98520.99410.99860.99520.9800Annual
Holding Cost:Cycle
Stock22500412501650006562518187582500558750Safety
Stock21000385001540006125016975077000521500Total435007
97503190001268753516251595001080250Anuual Fixed Order
Cost12166.666666666712166.666666666712166.666666666712
166.666666666712166.666666666712166.666666666773000Ann
ual Total
Cost55666.666666666791916.6666666667331166.66666666713
9041.666666667363791.666666667171666.6666666671153250
p038981:
sqrt(sum of variances of ship time + production time)
p038981:
Average daily demand * average lead time
Order QuantityMicrowave ModelABCDEFTotal$
Value500.00500.00500.00500.00500.00500.00Order
Quantity265358717452753507Reorder
Point61211224488178549472244Holding Cost
Factor0.250.250.250.250.250.25Fixed Cost Per
7. Order1000.001000.001000.001000.001000.001000.00Daily
Demand:Average122288359744Std. Dev.171867192222Ship
Time (days):Average777777Std. Dev.222222Production Time
(days):Average303030303030Std. Dev.444444Lead Time
(days):Average37.0037.0037.0037.0037.0037.00Std.
Dev.4.474.474.474.474.474.47Lead Time
Demand:Average4448143256129535891628Std.
Dev.117147567195454238Safety
Stock:Units16830812324901358616Safety Factor (Std.
Devs.)1.442.092.172.522.992.59Inventory Performance:Service
Level0.92540.98180.98520.99410.99860.99520.9800Annual
Holding Cost:Cycle
Stock16545.392107774322402.566817219944805.13363443972
8256.636388643347040.541025800331682.0138248818190732S
afety
Stock21000385001540006125016975077000521500Total37545.
392107774360902.5668172198198805.1336344489506.6363886
433216790.5410258108682.013824882712232Anuual Fixed
Order
Cost16545.392107774322402.566817219844805.133634439728
256.636388643347040.541025800331682.0138248818190732An
nual Total
Cost54090.784215548683305.1336344397243610.26726887911
7763.272777287263831.082051601140364.027649764902965
Safety StockMicrowave ModelABCDEFTotal$
Value500.00500.00500.00500.00500.00500.00Order
Quantity3606602640105029101320Desired Service
Level0.98000.98000.98000.98000.98000.9800Reorder
Point68311164420169545212117Holding Cost
Factor0.250.250.250.250.250.25Fixed Cost Per
Order1000.001000.001000.001000.001000.001000.00Daily
Demand:Average122288359744Std. Dev.171867192222Ship
Time (days):Average777777Std. Dev.222222Production Time
(days):Average303030303030Std. Dev.444444Lead Time
(days):Average37.0037.0037.0037.0037.0037.00Std.
Dev.4.474.474.474.474.474.47Lead Time
8. Demand:Average4448143256129535891628Std.
Dev.117147567195454238Safety
Stock:Units2393021164400932489Safety Factor (Std.
Devs.)2.052.052.052.052.052.05Inventory Performance:Service
Level0.98000.98000.98000.98000.98000.98000.9800Annual
Holding Cost:Cycle
Stock22500412501650006562518187582500558750Safety
Stock29908.524580218437789.0938693328145442.4948139564
9949.3869522672116542.25500393961090.3588880882440722T
otal52408.524580218479039.0938693328310442.494813956115
574.386952267298417.255003939143590.358888088999472Anu
ual Fixed Order
Cost12166.666666666712166.666666666712166.666666666712
166.666666666712166.666666666712166.666666666773000Ann
ual Total
Cost64575.19124688591205.7605359995322609.161480623127
741.053618934310583.921670605155757.0255547551072472
OQ and SSMicrowave ModelABCDEFTotal$
Value500.00500.00500.00500.00500.00500.00Order
Quantity265358717452753507Desired Service
Level0.98000.98000.98000.98000.98000.9800Reorder
Point68311164420169545212117Holding Cost
Factor0.250.250.250.250.250.25Fixed Cost Per
Order1000.001000.001000.001000.001000.001000.00Daily
Demand:Average122288359744Std. Dev.171867192222Ship
Time (days):Average777777Std. Dev.222222Production Time
(days):Average303030303030Std. Dev.444444Lead Time
(days):Average37.0037.0037.0037.0037.0037.00Std.
Dev.4.474.474.474.474.474.47Lead Time
Demand:Average4448143256129535891628Std.
Dev.117147567195454238Safety
Stock:Units2393021164400932489Safety Factor (Std.
Devs.)2.052.052.052.052.052.05Inventory Performance:Service
Level0.98000.98000.98000.98000.98000.98000.9800Annual
Holding Cost:Cycle
Stock16545.392107774322402.566817219944805.13363443972
10. 9949.3869522672116542.25500393961090.3588880882364907T
otal46453.916687992760191.6606865527190247.628448396782
06.0233409105163582.79602973992772.37271297447358Anuua
l Fixed Order
Cost16545.392107774322402.566817219844805.133634439728
256.636388643347040.541025800331682.013824881882451Ann
ual Total
Cost62999.30879576782594.2275037725235052.762082835106
462.659729554210623.337055539124454.386537852529808
p038981:
one more day for site customization
Prob 99. (16 pts) A local delivery service is assessing its
delivery times by monitoring 5 randomly selected delivery
times each day over the past 12 days.Time
(min)DayObs1Obs2Obs3Obs4Obs5a. Calculate the process
mean delivery
time.126122512232142524281332227122927424251017215242
827302961810123011b. If the process standard deviation is 5.6
min, calculate71227191529 the 3-SEM upper and lower lower
control limits on delivery
time.817241614199161720143010231821152411161820191112
2712232318
Prob 1010. (14 pts) A random sample of 45 cases from a
personal injury lawyer advertising on TV has a mean monetary
award of $235,000 with a standard deviation of $62,500.
Construct a 95% confidence interval for the true mean award
value.
Prob 77. (16 pts) Daily demand for an item of stock is normally
distributed with a mean of 400 items and a standard deviation
of 120 items. What is the probability that demand in a single
day is:a. not more than 350 items, P(x <= 350)?b. greater than
500 items, P(x > 500)?
Prob 88. (16 pts) X is the drying time (minutes) of a certain
production item, and Y is the output technical rating.
11. xy41206a. Obtain the least squares linear regression equation
for tech rating based drying time9557 for the 20
observations.443504624817725116643548143761377b.
Calculate the Pearson product moment correlation coefficient
for drying time18383 and tech
rating.38481244523731633567292845637195812240910395284
45
1. A process is sensitive to ambient temperature. Temperature
has a nearly normal distribution with mean of 67 degrees and
standard deviation of 2.5 degrees. Calculate the Z-score for a
temperature reading of 61 degrees.
2. 50 Consumers were asked to rate a service as 'Poor',
'Average', or 'Good'. 24% of respondents rated the service as
'Poor'. This is an example of a binomial experiment.
True
False
3. he relationship between commercial airtime minutes and an
advertiser's profits is given by the least squares regression
equation
y = 2113.84x + 406,755
What is the predicted change in profits due to a 10 minute
increase in airtime?
4. An appropriate control chart for monitoring the precision or
variation in a process is a:
5. A regression analysis determines that the number of website
"hits" is associated with company profitability. The coefficient
of determination is calculated as r2 = 0.72. Interpret the
meaning of this value of 0.72.
6.
12. CurrentCurrent PracticeMicrowave ModelABCDEFTotal$
Value500.00500.00500.00500.00500.00500.00Holding Cost
Factor0.250.250.250.250.250.25Fixed Cost Per
Order1000.001000.001000.001000.001000.001000.00Daily
Demand:Average122288359744Std. Dev.171867192222Order
Quantity
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily
demand3606602640105029101320Ship Time
(days):Average777777Std. Dev.222222Production Time
(days):Average303030303030Std. Dev.444444Lead Time
(days):Average
p038981: p038981:
=Average ship time + average production time37.00Std. Dev.
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production
time^2)
4.47Demand during Lead Time:Average
p038981: p038981:
Average daily demand * average lead time444Std. Dev.
p038981: SQRT((Average lead time * Standard deviation of
daily demand^2)+(Average daily demand^2 * Standard
deviation of Lead time^2))
117Reorder Point
p038981: p038981:
Current practice is 51*average daily demand612Safety Stock
Level
Bret Kauffman: = Reorder point - average demand during lead
13. time168Inventory Performance:Service Level
p038981: We know that safety stock = z * standard deviation of
demand during lead time
therefore the z value = safety stock / standard deviation of
demand during lead time
once we know the z value, NORMSINV will give us the current
level of customer service that IMI is providing for this model.
This Service Level = NORMSDIST(safety stock / standard
deviation of demand during lead time)
0.9254Calculation of Total CostPurchase Cost
Bret Kauffman: Value of the microwave * number of
microwaves sold (=average daily demand *
365)2,190,000Annual Holding Cost:Cycle Stock
p038981: p038981:
Holding cost factor * Price/unit * Average inventory
remember average inventory = order quantity / 222,500Safety
Stock
p038981: p038981:
Holding cost factor * value/unit * safety stock units
p038981: p038981:
Current practice is a 30 day supply = 30 * average daily
demand21,000Anuual Fixed Order Cost
p038981: p038981:
Order cost = Fixed cost per order * (Annual demand / Order
quantity)
assume 365 days / year12,167Annual Total Cost
p038981: p038981:
14. Total cost = Purchase cost + ordering cost + holding cost
p038981: p038981:
=Average ship time + average production time
p038981: p038981:
sqrt(sum of variances of ship time^2 + variance of production
time^2)
p038981: p038981:
Average daily demand * average lead time
p038981: SQRT((Average lead time * Standard deviation of
daily demand^2)+(Average daily demand^2 * Standard
deviation of Lead time^2))
p038981: p038981:
Current practice is 51*average daily demand
Bret Kauffman: = Reorder point - average demand during lead
time2,245,667
AnalysisEconomic Order Quantity and Safety StockSingle
ModelMicrowave ModelABCDEFTotalX$
Value500.00500.00500.00500.00500.00500.00500.00Holding
Cost Factor0.250.250.250.250.250.250.25Fixed Cost Per
Order1000.001000.001000.001000.001000.001000.001000.00Da
ily Demand:Average122288359744Std.
Dev.171867192222Order Quantity
p038981: p038981:
EOQ = SQRT(2*Annual demand * Fixed cost per order/ Holding
cost per unit of inventory)
remember Holding cost = holding cost factor * $value265Ship
Time (days):Average7777778
15. p038981: p038981:
one more day for site customizationStd. Dev.2222222Production
Time (days):Average30303030303030Std. Dev.4444444Lead
Time (days):Average37.00Std. Dev.4.47Demand during Lead
Time:Average444Std. Dev.117Desired Service
Level0.98000.98000.98000.98000.98000.98000.9800Reorder
Point
p038981: p038981:
Reorder point = average lead time demand + safety stock
Remember safety stock = z * std dev of lead time demand
And z = NORMSINV(desired service level)683
Bret Kauffman: Use standard Reorder point calculation as you
would for any of the other models
Safety Stock Level
Bret Kauffman: = Reorder point - average demand during lead
time239Inventory Performance:Service Level0.9800Calculation
of Total CostPurchase Cost
Bret Kauffman: Value of the microwave * number of
microwaves sold (=average daily demand *
365)2,190,000Annual Holding Cost:Cycle Stock
p038981: p038981:
Holding cost factor * Price/unit * Average inventory
remember average inventory = order quantity / 216,545Safety
Stock
p038981: p038981:
Holding cost factor * value/unit * safety stock units
p038981: p038981:
EOQ = SQRT(2*Annual demand * Fixed cost per order/ Holding
16. cost per unit of inventory)
remember Holding cost = holding cost factor *
$value29,909Anuual Fixed Order Cost
p038981: p038981:
Order cost = Fixed cost per order * (Annual demand / Order
quantity)
assume 365 days / year16,545Annual Total Cost
p038981: p038981:
Total cost = Purchase cost + ordering cost + holding cost
p038981: p038981:
Sum of all models
p038981: p038981:
SQRT(sum of squares of all model standard deviations)
Bret Kauffman: Use regular EOQ calculation as you would for
any of the models
p038981: p038981:
one more day for site customization
p038981: p038981:
Reorder point = average lead time demand + safety stock
Remember safety stock = z * std dev of lead time demand
And z = NORMSINV(desired service level)
Bret Kauffman: = Reorder point - average demand during lead
time2,252,999
