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Explanation & Answer
A regular octagon has rotational symmetry. What is
the angle of rotation?
30 degrees
45 degrees
60 degrees
90 degrees
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University of The Virgin Islands Inventory Policy Questions
Situation A VITRAN Bus Services
VITRAN Bus Services purchases diesel fuel from Domino Gas Supply. In addition to fuel cost ...
University of The Virgin Islands Inventory Policy Questions
Situation A VITRAN Bus Services
VITRAN Bus Services purchases diesel fuel from Domino Gas Supply. In addition to fuel cost, Domino Gas Supply charges VITRAN Bus Services $250 per order to cover the expenses of delivering and transferring the fuel to VITRAN Bus Services storage tanks. The lead time for new shipment from Domino Gas Supply is 10 days, the cost of holding a gallon of fuel in the storage tanks is $0.04 per month, or $0.48 per year and the annual usage of fuel is 150,000 gallons. VITRAN Bus Services buses operate 300 days a year.
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Situation B Advance Auto Parts
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Most Popular Content
12 pages
20201127030822m7 Assignment Fallb2020
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University of The Virgin Islands Inventory Policy Questions
Situation A VITRAN Bus Services
VITRAN Bus Services purchases diesel fuel from Domino Gas Supply. In addition to fuel cost ...
University of The Virgin Islands Inventory Policy Questions
Situation A VITRAN Bus Services
VITRAN Bus Services purchases diesel fuel from Domino Gas Supply. In addition to fuel cost, Domino Gas Supply charges VITRAN Bus Services $250 per order to cover the expenses of delivering and transferring the fuel to VITRAN Bus Services storage tanks. The lead time for new shipment from Domino Gas Supply is 10 days, the cost of holding a gallon of fuel in the storage tanks is $0.04 per month, or $0.48 per year and the annual usage of fuel is 150,000 gallons. VITRAN Bus Services buses operate 300 days a year.
What is the optimal order quantity for VITRAN Bus Services?
How frequently should VITRAN Bus Services order to replenish the gasoline supply?
The VITRAN Bus Services storage tanks a capacity of 15,000 gallons. Should VITRAN Bus Services considers expanding the capacity of its storage tanks?
What is the reorder point?
Situation B Advance Auto Parts
Advance Auto purchases a component used in the manufacture of automobile generators directly from the supplier. Advance Auto’s generator production operation, which is operated at a constant rate will require 1000 components per month throughout the year (12,000 units annually). Assume the ordering costs are $25 per order, the unit cost is $2.50 per component, and annual holding costs are 20% of the value of the inventory. Advance Auto has 250 working days per year and a lead time of 5 days. Answer the following inventory policy questions:
What is the EOQ for this component?
What is the reorder point?
What is the cycle time?
What are the total annual holding and ordering costs associated with your recommended EOQ?
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Completely and accurately answer ALL questions. Double check answers to make sure they are 1. Write √16⋅ 2 as a single ...
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