*Sport Obermeyer:* Case Analysis Pratyusha Lakshmi Puranam Executive Summary: Obermeyer offers a broad line of fashion ski apparel‚ including parkas‚ vests‚ ski suits‚ shells‚ ski pants‚ sweaters‚ turtlenecks‚ and accessories. Parkas are considered the most critical design component of a collection; the other garments were fashioned to match the parkas’ style and color. Their products were offered in five different genders: men’s‚ women’s‚ boys’‚ girls’‚ and preschoolers’. The company
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As there is no demand variability‚ the formula for quantity is: Q = d (LT + OI) – A (as there is no safety stock) ------- A - ROP (Reorder point) We know‚ A = d * LT‚ so the fixed order interval order quantity equation Q becomes Q = (d * LT) + (d * OI) – (d * LT) * Q = d * OI = (6) (89) = 534 units Therefore‚ ordering at six-week intervals requires an order quantity of 534 units. Now‚ the optimal order quantity is determined by using EOQ equation. Q = sqrt(2dS/H)
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30 interviews and be paid $200. Due to limited transportation facilities‚ no more than 20 interviewers can be hired. The scientist’s objective is to determine how many undergraduate students‚ graduate students and faculty members should be hired in order to maximize the number of interviews. a. Formulate the given problem as a linear programming problem. [4 marks] The problem is solved using a software and the following output is obtained. Objective Function Value
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Mirage Electronics Pty Ltd estimates in the first year‚ the company would have a sale of $694‚925 and a net profit of $8‚115. As the business is newly established with no reputation in the market‚ not every clothing chain will be willing to spend a large amount of money on Reflections. Therefore‚ in the worst-case scenario‚ the business projected that only 5 clothing chains will purchase our product as a trial in Queensland stores. The price set previously in the marketing plan (3.2.3) states that
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demand is constant at 32‚000 books per ear. The cost of placing an order to replenish stock is $10 and the annual cost of holding is $4 per book. Stock is received five working days after an order has been placed. No backordering is allowed. Assume 300 working days a year. a. What is Dot Com’s optimal order quantity (EOQ)? b. What is the optimal number of order per year? c. What is the optimal interval (in working days) between orders? d. What is the demand during the lead time? 2. Leaky Pipe
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replenishment order from Proctor & Gamble. What costs should it take into account when making this decision? The main cost categories for the supermarket’s inventory policy are material costs‚ ordering costs‚ and holding costs. Material cost is the money paid to Proctor and Gamble for the goods themselves. Ordering costs‚ also called procurement costs‚ are incurred by requesting the goods from the supplier and are fixed in the sense that they do not vary with the size of the order. Examples
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1. What is the optimal order quantity that Michelle Peach should use for Dado and for Wedo? What are the resulting expected profits? The optimal order quantities that Michelle Peach should use for Dado and for Wedo are 1‚270 and 730. The gross margins and expected profits would be: The annual net income has considered that all the other costs as constant. The advertising revenues are the same (fixed amount‚ not per unit ad amount). 2. Michelle finds out that Bobby Peru‚ a local recycler
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through Minimum Order Quantity Analysis Lean Six Sigma in Retail & Distribution Mitch Millstein‚ CFPIM‚ C.P.M.‚ CQM‚ CQE Supply Velocity‚ Inc. mitch@supplyvelocity.com (314) 406-4962 November 2009 info@supplyvelocity.com Copyright: Supply Velocity‚ Inc. 1 Background A Value Stream Assessment (See White Paper: Finding Productivity Improvements from Field to Table) at this Grocery Retailer & Distributor identified poor productivity in its distribution centers during order selection and in
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using the sample data given in Table 2.20 of the case in the text make a recommendation of how many units of each style Obermeyer should order during the initial phase of production. Assume that all 10 styles in the sample problem are made in Hong Kong. c_u 24% c-o 8% Style Mean S.d optimal order level hongkong hongkong adjusted with minimum order of 600 Seduced 4017 1113 4768 1809 1809 Assault 2525 680 2984 1132 1132 Electra 2150 807 2694 1022 1022 Anita 3296
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since assembly operations are not adaptable to this type of technology. * d. An FMS is flexible‚ due to in large measure its automatic tool interchange capability. 4. The objective of process layout analysis is to: a. maximize the quantity of items processed through the assembly line b. balance the line such that each station does equal amounts of work * c. determine a layout with flexibility in terms of production process d. a‚ b‚ and c are correct e.
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