CLA 2 Comprehensive Learning Assessment 2 \u2013 CLO 4, CLO 5, CLO 6, CLO 7
You are in charge of a manufacturing plant. Using your skills related to the Economic Order Quantity (EOQ) model and Economic Production Quantity (EPQ) model for two different work scenarios, your next task is to:
Use EOQ to calculate:
the Annual Demand, the Annual Holding Cost, the Quantity to be Ordered, the Total Annual Cost, and the Reorder Point. Provide a list of the assumptions that you make.
Given EOQ Parameters from your log:
Weekly Demand = 240 units
# of weeks per year = 52
Ordering Cost = $50Unit Cost = $15
Annual Carrying Charge = 20%
Lead Time = 2 weeks
Use EPQ to calculate:
the Annual Demand, the Adjusted Total Cost, the Quantity to be Ordered, The Maximum Inventory, and the Adjusted Order Quantity.
Given EPQ Parameters from your log:
Annual Demand = 8,000 units
Production Rate = 2,500 units\/month
Setup Cost = $800Annual Holding Cost= $18 per unit
Lead Time = 5 days
No of Operating Days Per Month = 20
Provide an overview of the presumptions that you have made. What are your conclusions? When would you use an ABC-analysis and how would that work?
Your 6-8-page, APA-formatted paper must include an introduction and a clear thesis, several body paragraphs, and a conclusion. Implement the concepts learned in this course. All supporting information (four resources minimum) must be properly identified, cited, and referenced following APA-7th Edition style. Top papers demonstrate a solid understanding of the material with both qualitative and quantitative elements AND critical thinking. <\/p>\n","protected":false},"excerpt":{"rendered":"
CLA 2 Comprehensive Learning Assessment 2 \u2013 CLO 4, CLO 5, CLO 6, CLO 7 You are in charge of a manufacturing plant. Using your skills related to the Economic Order Quantity (EOQ) model and Economic Production Quantity (EPQ) model for two different work scenarios, your next task is to: Use EOQ to calculate: the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13],"class_list":["post-64649","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-management"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/64649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=64649"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/64649\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=64649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=64649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=64649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}