Questions from General Operations Management

Q: The B&S Novelty and Craft Shop in Bennington, Vermont

The B&S Novelty and Craft Shop in Bennington, Vermont, sells a variety of quality, handmade items to tourists. It will sell 300 hand-carved miniature replicas of a colonial soldier each year, but the...

Q: Apply the EOQ model to the quantity-discount situation shown in

Apply the EOQ model to the quantity-discount situation shown in the data below: Assume that D 5 500 units per year, Co 5 $40, and the annual inventory-holding cost is 20 percent. What order quantity d...

Q: Allen’s Shoe Stores carries a basic black dress shoe for men that

Allen’s Shoe Stores carries a basic black dress shoe for men that sells at an approximate constant rate of 500 pairs of shoes every three months. Allen’s current bu...

Q: For the data given in Exhibit 12.26 for problem 50

For the data given in Exhibit 12.26 for problem 50, illustrate the operation of a fixed-period-inventory system with a replenishment (M) level of 40, a re- view period of five days, a lead time of 3 d...

Q: I’m going to Bookmaster to buy a book,” Luke Chris yelled

I’m going to Bookmaster to buy a book,” Luke Chris yelled as he walked out of his apartment. “I’ll be back in about ninety minut...

Q: Crew Soccer Shoes Company is considering a change of their current inventory

Crew Soccer Shoes Company is considering a change of their current inventory-control system for soccer shoes. The information regarding the shoes is given below: a. The company decides to use a fixed-...

Q: Wildcat Tools is a distributor of hardware and electronics equipment. Their

Wildcat Tools is a distributor of hardware and electronics equipment. Their socket wrench inventory needs better management. The information regarding the wrenches is given below. a. The company decid...

Q: Tune Football Helmets Company is considering changing the current inventory-control

Tune Football Helmets Company is considering changing the current inventory-control system for football helmets. The information regarding the helmets is given below: a. The firm decides to use a fixe...

Q: Keto Grocery Store sells 400 gallons of milk each month. The

Keto Grocery Store sells 400 gallons of milk each month. The average on-hand inventory is 50 gallons. What is the inventory turnover? What does it mean?

Q: Over the past year, Keto Grocery Store had a cost of

Over the past year, Keto Grocery Store had a cost of goods sold of $24,500,000 and an average value of inventory of $1,100,500. What is its inventory turn- over? What does it mean?