[SOLVED] Inventory Models Project

1. Select 5 products to market whether you decide to produce or buy them, get real demands on the internet or estimate monthly random demands for all, over 12 months (at least 2 of the products must have non-constant demand, coefficient of variability greater than 0.2 and at least one of the other three must be made than be purchased). For the production continues model make your production capacity = 1.2*demand). Determine or find the sale price of each product and make your purchase cost equal to 60% of its sale price, or the actual purchase cost does have it.2. Describe the project you will develop, explaining the convenience or importance to apply inventory models.3. Do a variability analysis (CV) for each of the 5 products, in order to choose the best inventory model for each of them, whether probabilistic or not. Mention which inventory control model you will use for each product and why, if probabilistic chose (r,q).4. Develop in Excel the selected model for each item: finding your EOQ, your reorder point (assuming a supplier delivery period or take the real), your frequency of orders, the number of orders to lift in the year, the security inventory (if applicable). In addition, estimating your ordering cost k and your annual inventory cost per item as (h = 0.25 * purchase cost), also your purchase or production cost and total cost. If the model considers scarcity costs, add a column that includes them. One slide with one table only. Determine the annual order to purchase or produce cost, holding cost, shortage cost (if any), and the total annual costs for each item5. Prepare a cash flow over the twelve months, which specifies the income, as well as all the expenses (costs) and the monthly net flow (Income minus Expenses), including the accumulated income throughout the months. Indicate a final annual column, with the totals, make an statement of income, estimating with it your annual profit on sales and on investment and the IRR. Make an Excel table with the cash flow of each product and the concentrate of five. In this flow, the cost of inventory charges in each month, decreasing linearly instead of subtracting demand.6. Repeat points 1, 3, 4 and 5 using the Wagner Within algorithm. For the Wagner model, make a Master Production Plan for each item. Present only one Wagner solving table as example7. Write a clear explanation of why you selected these products, what criteria you use to estimate the demand and sales price, and a conclusion of your results.Compare and comment on results with both models. Present all the information, including your Excel tables in a PDF, file in English.

 

So much stress and so little time? Take care of yourself: let us help you with your task on
[SOLVED] Inventory Models Project
Get a 20% Discount on this Paper
Get Help Now

Haven’t found relevant content or pressed for time? –Don’t worry,  you have a team of Engineering professionals to help you.

All you need to do is fill in the order form in the upper right corner and upload the files that are crucial for your assignment. Also, don’t forget to specify whether your assignment has to be based upon specific research, theory, method, or program. After that, we will assign the most suitable expert to complete your assignment. You can always chat with your expert and ask any questions you have during the working process.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with Do My Homeworkk
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Nursing
Great services.
Customer 452443, November 22nd, 2021
Other
THANK YOU SO MUCH!
Customer 452493, May 16th, 2022
Other
Thank you!
Customer 452493, May 29th, 2022
Education
Awesome work, responded well and clarified everything.. Would definitely recommend, great service
Customer 452445, September 8th, 2021
Education
Looks good. Thank you!
Customer 452523, September 27th, 2022
Nursing
Looks good. Thank you!!!
Customer 452503, April 25th, 2022
Other
Thank you! :)
Customer 452493, May 14th, 2022
Management
Job done to satisfaction. Thank you!
Customer 452443, October 31st, 2021
Philosophy
Thank you! Will definitely use the writer again.
Customer 452443, October 22nd, 2021
Finance
Thank you
Customer 452445, September 8th, 2021
Economics
Although the paper did not make it at the requested time, the writer did reach out to me and asked for a short extension which I was okay with.
Customer 452493, March 16th, 2022
Economics
Thank you!
Customer 452493, March 16th, 2022
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat