Assignment due learn: 11/05/2012 Number of students in a group: 3 radical Project Type 1 do work 1: on the nose later finishing your arrive at studies, you were able-bodied to find a very promising job. You argon a repositing four-in-hand of a large article of furniture store now. One of your products is a breeding desk. Weekly pick up for the desk is commonly distributed with mean hundred and standard deviation 25. The lead-time from the throng localize to your store is 3 calendar calendar workweeks. The whole production and transportation wrong of each desk is 450 â¬. The annual opportunity rate is 15%. You keep on an request cost of 1200 ⬠each time you pass an note replenishment grade to the group plant. The furniture store is running(a) 52 weeks per year. The director of this European compass of furniture stores wants you to reach 90% returns level for this study desk. 1. You are cookery to objective a periodic (R,Q) dis rank (with T = 1 week) to go out scroll. tar permit the hunting lodge measuring stick Q that you will physical exercise in this constitution as the wait on on that minimizes the total consecrateing and livestock holding costs. Calculate the re guild point R that you will use in this policy as the set that permits you to obtain the desired service level. Simulate the application of this policy for the demand identifications given in the sheet Q1A of the Excel stick to PROJECT2012-TYPE1.

Suppose that you give an order at the offset of a week if the inventory position at the beginning of this week is less than or adapted to the reorder point R. You permit out the demand realization of a week after deciding to give or not to give an order at the beginning of this week. An order that you give at the beginning of a week t arrives at the beginning of week t + 3. Suppose withal that you have R + Q units in the inventory and no corking orders at the beginning of the prototypic week of this 52 weeks pretense period. Determine the realized dollar volume ratio. 2. You are planning to use a (T, S) policy to control condition inventory with T = 3 weeks. Calculate the...If you want to get a full essay, order it on our website:
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