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Question: Sam’s Cat Hotel operates 50 weeks per year. 7 days per week. It purchases kitty litter for $6.50 …

by | Nov 30, 2023 | Posted Questions



Question: Sam's Cat Hotel operates 50 weeks per year. 7 days per week. It purchases kitty litter for $6.50 ...

Show transcribed image text Sam's Cat Hotel operates 50 weeks per year. 7 days per week. It purchases kitty litter for $6.50 per bag. The following information is available about these bags: Demand = 65 bags/week Order cost = $60/order Annual holding cost = 30 percent of cost Desired cycle-service level = 98 percent Lead time = 1 week(s) (7 working days) Standard deviation of weekly demand = 4 bags Current on-hand inventory is 225 bags, with no open orders or backorders. Suppose that Sam's Cat Hotel uses a P system. The average daily demand, d, is 9 bags (65/7), and the standard deviation of daily demand. Standard Deviation/Squareroot Days of Week, is 1.512 bags. Refer to the standard normal table for z-values. What P (in working days) and T should be used to approximate the cost trade-offs of the EOQ? The time between orders, P, should be 48 days. (Enter your response rounded to the nearest whole number.) The target inventory, T, should be 535 bags. (Enter your response rounded to the nearest whole number.) How much more safety stock is needed than with a Q system? 15 bags. (Enter your response rounded to the nearest whole number.) It is time for the periodic review. How much kitty litter should be ordered? Q bags. (Enter your response as an integer.)

Sam's Cat Hotel operates 50 weeks per year. 7 days per week. It purchases kitty litter for $6.50 per bag. The following information is available about these bags: Demand = 65 bags/week Order cost = $60/order Annual holding cost = 30 percent of cost Desired cycle-service level = 98 percent Lead time = 1 week(s) (7 working days) Standard deviation of weekly demand = 4 bags Current on-hand inventory is 225 bags, with no open orders or backorders. Suppose that Sam's Cat Hotel uses a P system. The average daily demand, d, is 9 bags (65/7), and the standard deviation of daily demand. Standard Deviation/Squareroot Days of Week, is 1.512 bags. Refer to the standard normal table for z-values. What P (in working days) and T should be used to approximate the cost trade-offs of the EOQ? The time between orders, P, should be 48 days. (Enter your response rounded to the nearest whole number.) The target inventory, T, should be 535 bags. (Enter your response rounded to the nearest whole number.) How much more safety stock is needed than with a Q system? 15 bags. (Enter your response rounded to the nearest whole number.) It is time for the periodic review. How much kitty litter should be ordered? Q bags. (Enter your response as an integer.)

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