Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Harley davidson has its engine assembly plant in milwaukee

26/10/2021 Client: muhammad11 Deadline: 2 Day

Technology And Information Management

Problem 1: Cycle Inventory: SCM, 4th, D10.1, 10.2, D10.3

Define:

1. Consider a supermarket deciding on the size of its replenishment order from Procter & Gamble. What costs should it take into account when making this decision?

2. Discuss how various costs for the supermarket in Question 1 change as it decreases the lot size ordered from Procter & Gamble.

3. As demand at the supermarket chain in Question 1 grows, how would you expect the cycle inventory measured in days of inventory to change? Explain.

Plan:

Information provided:

All information needed is in the textbook. The lecture notes from class are also useful.

Execute:

1. The most important cost elements for the supermarket’s policy of inventory include holding costs, ordering costs and material cost. Material cost is money paid to P&G for the physical goods. Ordering costs to procure a product are incurred by request of the goods to the supplier & are fixed independent from order size. Holding cost is used to carry one unit in inventory for a specific period of time. This varies and involves capital costs, warehouse space, capital cost, insurance, etc.

2. Lot size is the quantity of product in the supply chain that is being produced or purchased in a specified period of time. As the supermarket decreases its lot size ordered from Procter & Gamble, material cost increases, the supermarket may experience higher material cost when ordering a smaller quantity from Procter & Gamble particularly if the price discount is offered at a larger lot size. Fixed ordering cost will also increase because the supermarket incurs higher expense in trucking and labor costs especially when orders are placed frequently at a smaller quantity. Holding cost decreases also as a result of smaller lot size due to the lesser quantity of product that the supermarket stocks and the lower chance of the product being obsolete or unneeded.

3. Cycle inventory is defined as the average inventory of a particular item that is higher than consumers’ demand. Cycle inventory measured in days reduces as demand grows at the supermarket due to a higher turnover from purchases of customers. Higher demand minimizes the need to frequently track the inventory of each product. Stocking period of each product also declines when demand is high.

Check: The conclusions I’ve arrived to have all be derived from the class notes and text readings so there shouldn’t be any discrepancies.

Learn: I learned about the holding costs, ordering costs, and material costs of the supermarket’s policy of inventory and how lot size factors in. I also learned how cycle inventory works.

Problem 2: Tahoe Salt Forecast demand

Define:

Find Tahoe Salt’s Forecast demand using the Holt and Winter Adaptive Forecasting mewthods.

Plan:

Information provided:

All information needed is in the textbook. The lecture notes from class are also useful.

Execute:

Check: The conclusions I’ve arrived to have all be derived from the class notes and text readings so there shouldn’t be any discrepancies.

Learn: I believe these discussion questions helped me further understand the usefulness of Forecasting and it’s key components MSE, MAD, etc. and their functions in giving the company a competitive advantage. In this particular scenario we focused on the comparison between Holt’s and Winter’s. Judging from the error from the data, the smaller errors in the Winter Model seem to highlight it as the more effective forecasting method.

Problem 3: Hot Pizza

Define:

Estimate demand for the next four weeks using a four-week moving average as well as simple exponential smoothing with α = 0.1. Evaluate the MAD, MAPE, MSE, bias, and TS in each case. Which of the two methods do you prefer? Why?

Plan:

Information provided:

All information needed is in the textbook including the data table. The lecture notes from class are also useful.

Execute:

MAD = 10.88

MAPE = 11.08

MSE = 146.91

Bias = 12.09

TS = 5.38

MAD = 99.31

MAPE = 9.84

MSE = 124.69

Bias = 16.43

TS = 1.23

One can prefer average moving method to calculate the value of MAD, MAPE, TS, MSE because it the easiest method to calculate and understand. Moreover, this method is used when demand has no trend or seasonality.

Check:

I believe so, again I can't check since I don’t have the book however my intuition tells me that the change in data from actual to forecast is a realistic amount of change from one cycle to the next. I also believe my assumption to be reasonable since the results do make sense from what I know of actual demand cycles.

Learn:

I learned the proper steps to take for forecasting. Using the formulas provided from the text I’ve learned how the results are calculated. Simple Exponential Smoothing here is compared to the moving method to calculate the value of MAD, MAPE, TS, MSE. But I found that the moving method is easier to calculate and understand a situation where demand has no trend or seasonality.

Problem 4: Flower Wholesaler

Define:

Quarterly demand for flowers at a wholesaler are as shown. Forecast quarterly demand for year 5 using simple exponential smoothing with α = 0.1 and β = 0.1. Which of the two methods do you prefer? Why?

Plan:

Information provided:

All information needed is in the textbook including the table. The lecture notes from class are also useful.

Execute:

Winter:

MAD Measure the accuracy of the forecast. MAD of exponential smoothing model with α = 0.1 is 16 while MAD for Holt’s model with α = 0.1 and β = 0.1 is 8. It can be concluded that Holt’s model is a better approach than the simple exponential smoothing model and is more accurate in evaluating forecasts.

Check:

I believe so, again I can't check since I don’t have the book however my intuition tells me that the change in data from actual to forecast is a realistic amount of change from one cycle to the next. I also believe my assumption to be reasonable since the results do make sense from what I know.

Learn:

I learned the proper steps to take for Holt’s Model and how it is set apart and superior to simple exponential smoothing. Using the formulas provided from the text I’ve learned how the results are calculated.

Problem 5: ABC Corporation

Define:

Consider monthly demand for the ABC Corporation as shown in Table 7-3. Forecast the monthly demand for Year 6 using Winter’s Model. Evaluate the Bias, TS, MAD, MAPE, MSE.

Plan:

Information provided:

All information needed is in the textbook including the table. The lecture notes from class are also useful.

Execute:

Winter’s model would likely be the most preferable in these for its low MAD value meaning low forecast error. Winter’s model is also the only one that incorporates level, trend, and seasonality that further leads to the most accurate result.

Check: The conclusions I’ve arrived to have all be derived from the class notes and text readings so there shouldn’t be any discrepancies.

Learn:

I learned how all the different methods compare to and how Winter’s model advantage in having more provided information therefore leading to more accurate results.

Problem 6: Harley Davidson 10.1, 10.2

Define:

1. Harley-Davidson has its engine assembly plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported between the two plants using trucks, with each trip costing $1,000. The motorcycle plant assembles and sells 300 motorcycles each day. Each engine costs $500, and Harley incurs a holding cost of 20 percent per year. How many engines should Harley load onto each truck? What is the cycle inventory of engines at Harley?

2. As part of its initiative to implement just-in-time (JIT) manufacturing at the motorcycle assembly plant in Exercise 1, Harley has reduced the number of engines loaded on each truck to 100. If each truck trip still costs $1,000, how does this decision impact annual inventory costs at Harley?

Harley-Davidson has its engine assembly plant in Milwaukee and its motorcycle assembly plant in Pennsylvania. Engines are transported between the two plants using trucks, with each trip costing $1,000. The motorcycle plant assembles and sells 300 motorcycles each day. Each engine costs $500, and Harley incurs a holding cost of 20 percent per year. How many engines should Harley load onto each truck? What is the cycle inventory of engines at Harley?

Plan: Using notes and textbook formulas I will mathematically solve the problems with provided equations.

Execute:

1. Cost each trip (S) = $1000, Demand for motorcycles (D) = 300, Cost per engine = $500, Holding cost (h) = 20% * $500 = $100

Economic Order Quality =

= = 1,341.6 engines Cycle inventory = EOQ/ 2 = 1341.6/2 = 670.82 engines

2. Annual Demand, D = 300 * 365 Order cost per lot, S=1,000 Unit cost per engine, C=500

Holding cost per year as a fraction of cost, h = 20% Order Quantity = 100

Optimal lot size, Q* = = = 1479.86 units

Total inventory cost = (D/Q)S+(Q/2)hC = ((300*365)/100)*$1000+(100/2)*0.20*$500 = 1,100,000

Impact of decision = $1,100,000-147,986.4 = $952,013.4

Total inventory cost (EOQ) = Total inventory cost (100)

$147,986.4 = ((300*365)/100)*S+(100/2)*0.20*$500

S = $130.58

With each truck costing $130.58, the 100 units ordering policy will be optimal.

Check: The conclusions I’ve arrived to have all be derived from the class notes and text readings so there shouldn’t be any discrepancies.

Learn:

I learned how the different factors relate to one another mathematically and better understand how to calculate economic order quality, optimal lot size, and total inventory costs.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Academic Master
Engineering Mentor
Calculation Guru
Academic Mentor
Coursework Help Online
Assignment Hut
Writer Writer Name Offer Chat
Academic Master

ONLINE

Academic Master

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$28 Chat With Writer
Engineering Mentor

ONLINE

Engineering Mentor

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$20 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$25 Chat With Writer
Academic Mentor

ONLINE

Academic Mentor

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$29 Chat With Writer
Coursework Help Online

ONLINE

Coursework Help Online

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$25 Chat With Writer
Assignment Hut

ONLINE

Assignment Hut

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$39 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Osha 30 hour test answers - Sentence starters for essays - Rack of lamb appearance and eye appeal - Credit sales with tax journal entry - California state university dominguez hills occupational therapy - Aca code of ethics 2014 - Criminal Justice System - Use polar coordinates to combine the sum - Diagram of the earth - Corporate social responsibility case study nike - P2 29a accounting - Essay - Chandler company sold merchandise on credit - Salvador dali blue period - Weaknesses of chick fil a - Current transfer ratio formula - Letter - Dana gioia why literature matters - Homework - Robert cole first physician - The johns hopkins nursing evidence based practice rating scale - Dyce primary school staff - Human Resources assignment - 2015 methods exam 2 solutions - Richard of st victor on the trinity summary - Jerry murrell net worth 2019 - Journal Article Analysis - Nurs 6501 week 1 discussion - The knares gp surgery - Design a charge amplifier for a piezoelectric sensor - Apply: Regression, Use the data to construct a model, Construct a multiple regression model. - CHRISTIAN SERVANT LEADERS - Statistical Case Study 2 - Which activities at dirt bikes create the most value - Global information technology management - Occupational deprivation alienation imbalance - Electrical hazardous area classification chart - Two types of family resources - Physics lecture hall rutgers - The burning house ann beattie - Bruce dawe life cycle - Dog groomers port macquarie - Tampon soaked in apple cider vinegar for bv - Centurylink communications llc voip - Generic conventions of a play - Good to great chapter 1 summary - ERM PDF - Motorola case study analysis - 2845 kj to calories - Acadian expulsion family names - Order # 12027 - United sugar company jeddah saudi arabia - Proske brown architects adelaide - Liquid water enters a kw pump - Legal studies unit 1 - Heat of neutralization lab report sheet - Performative wokeness - Tea bag diffusion lab report - Physics formula sheet hsc 2021 - 4 - Which of the following statements is true for electrochemical cells - Alabama career preparedness mcgraw hill - Jewish culture - Smooth bore nozzle friction loss - Who founded gerber baby food - Mortar spraying machine price in india - Embry riddle los angeles - How does a hawaiian baritone laugh answers - Teds cameras fountain gate - Icd 10 right knee surgery - Research paper needed with 12 pages. Need turnitin and Grammarly report after the work. - Written assignment - Discussion 2 250 words by 08/14/2020 at 6:00 pm add references and citations - Aventos hk-s installation measurements - Gapdh molecular weight cell signaling - What is wallace's main argument - Which strategy for merging two distinct cultures - Deer hunting map victoria - The butler worksheet answers - Discussion Board Chapter 11 - How to make a stem and leaf plot in powerpoint - Ms 900 practice exam - Arctic food web game - Flow visualization lab report - Time series residual analysis - Social harmony english language - Discussion lamp circuit wiring - Fundamental concepts of organizational behavior ppt - Friendship knot step by step - Rana plaza case study analysis - 74139 decoder truth table - The language of baklava chapter summary - 125 mcg to mg - Anz eftpos rolls order online - Research paper - Aldi goliath garbage bags price - Ukulele chords hey there delilah - What is the risk adjusted npv of each project - There's no such thing as business ethics pdf - Which idea is clearly associated with the title of endgame