MGMT615 Transportation & Logistics Management Assignment 01 Fall 2020 Solution / Discussion

[+ M.Tariq Malik]

MGMT615 Transportation & Logistics Management Assignment 01 Fall 2020 Solution / Discussion

Transportation and Logistics Management (MGMT 615)
Semester: Fall 2020 Assignment No. 1
Due Date: December 16, 2020 Total Marks: 10
Objective:
To reinforce the concept of inventory policies and periodic review policy.
Scenario:
The ‘MS Traders’ is dealing in poultry medicines, has started the business near a small town since 2017. Managing inventories has become a problem. Low inventory turnover is squeezing profit margins and causing cash-flow problems. One of the top-selling SKUs in the MS Traders is a Chlorine Dioxide Disinfectant.
The demand for the Chlorine Dioxide Disinfectant is normally distributed with a mean of 18 units per week and a standard deviation in weekly demand of 5 units. The lead time is 2 weeks, and the business operates 52 weeks per year. The Q system called for an EOQ of 75 units and safety stock of 9 units for a cycle-service level of 90%. What is the equivalent P system? Answers are to be rounded to the nearest integer. If the cost is the only criterion, either P or Q system would be the choice for MS Traders?
Tasks:
1. Determine the review period (RP). (3 marks)
2. Determine the total inventory (TI) for 90% service level. (5 marks)
3. Determine the decision point for MS Traders for P & Q system? (2 marks)
Hint/Note:
You need to calculate z value for safety stock (SS) which will be used to calculate total inventory (TI).
Instructions:
 You are required to show the necessary calculations in solution.
 No theoretical definitions and explanations are required.
 Watch video lectures and consult book/notes to complete the assignment.
Important:
24 hours extra/grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Deadline:  Make sure to upload the solution file before the due date on VULMS.
 Any submission made via email after the due date will not be accepted.
Formatting Guidelines:
 Use the font style “Times New Roman” or “Arial” and font size “12”.
 It is advised to compose your document in MS-Word format.
 You may also compose your assignment in Open Office format.
 Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit
https://linguistics.byu.edu/faculty/henrichsenl/APA/APA01.html
Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0), if:
 Any of the given instructions are not followed.
 It is copied or plagiarized.
 It is submitted after the due date.
 The file you uploaded does not open or is corrupt.

[+ M.Tariq Malik]

Share the Assignment Questions & Discuss Here.... 

Stay touched with this discussion, Solution idea will be uploaded as soon as possible in replies here before the due date.

[abdullah hassan]

Fall%202020_MGMT615_1.pdf

assignment file need solution of this 

[abdullah hassan]

Transportation and Logistics Management (MGMT 615)
Semester: Fall 2020 Assignment No. 1
Due Date: December 16, 2020 Total Marks: 10
Objective:
To reinforce the concept of inventory policies and periodic review policy.
Scenario:
The ‘MS Traders’ is dealing in poultry medicines, has started the business near a small town since 2017. Managing inventories has become a problem. Low inventory turnover is squeezing profit margins and causing cash-flow problems. One of the top-selling SKUs in the MS Traders is a Chlorine Dioxide Disinfectant.
The demand for the Chlorine Dioxide Disinfectant is normally distributed with a mean of 18 units per week and a standard deviation in weekly demand of 5 units. The lead time is 2 weeks, and the business operates 52 weeks per year. The Q system called for an EOQ of 75 units and safety stock of 9 units for a cycle-service level of 90%. What is the equivalent P system? Answers are to be rounded to the nearest integer. If the cost is the only criterion, either P or Q system would be the choice for MS Traders?
Tasks:
1. Determine the review period (RP). (3 marks)
2. Determine the total inventory (TI) for 90% service level. (5 marks)
3. Determine the decision point for MS Traders for P & Q system? (2 marks)
Hint/Note:
You need to calculate z value for safety stock (SS) which will be used to calculate total inventory (TI).
Instructions:
 You are required to show the necessary calculations in solution.
 No theoretical definitions and explanations are required.
 Watch video lectures and consult book/notes to complete the assignment.
Important:
24 hours extra/grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.
Deadline:  Make sure to upload the solution file before the due date on VULMS.
 Any submission made via email after the due date will not be accepted.
Formatting Guidelines:
 Use the font style “Times New Roman” or “Arial” and font size “12”.
 It is advised to compose your document in MS-Word format.
 You may also compose your assignment in Open Office format.
 Use black and blue font colors only.
Referencing Guidelines:
Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various websites containing information for better understanding or visit
https://linguistics.byu.edu/faculty/henrichsenl/APA/APA01.html
Rules for Marking
Please note that your assignment will not be graded or graded as Zero (0), if:
 Any of the given instructions are not followed.
 It is copied or plagiarized.
 It is submitted after the due date.
 The file you uploaded does not open or is corrupt.

[sana]

also need this assignment solution, if you have please send me as well

[sana]

need mgmt615 solution please

[abdullah hassan]

i have but i m not sure its 100% corect or not 

[sana]

please send

[abdullah hassan]

MGMT615%20Assignment.docx

[sana]

Thank you so much

[sana]

salam need MGMT615 Solution 2 please if you have send me

[+ M.Tariq Malik]

MGMT615

 ASSIGNMENT NO 1 SOLUTION

 

 

According to provided information:

Lead time=2Weeks

D=5X52=260

Q=75Units

Z at 90%=1.28

Safety Stock=9Units

Solution file:

1-

Review Point=

2-

TI for 90% service level= TI=d(RP+L) +SS= 5(15+2) +9=85+9=94 Units

On-Hand inventory=TI-dL=94-(5)(2) =94-10=84Units

3-

Q system should be the choice for MS traders as the cost is less.