please follow the same exact details:
You are supposed to use MS Excel software to solve these problems. The MS Excel solution files then must be submitted by me on my school web-sit so i need each problem to be in its wone file, That i can upload each file on the right place on my school web-sit
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B,&C,&D,&E&to&produce&50&units&of&X.&Set&up&MRP&schedules&and&show&your&calculations.
X
A(1) B(1)
C(2) D(1) D(2) E(4)
Component A B C D E
Inventory 20 10 15 60 100
Northcutt Bikes purchases wheels for their roadracing bikes. The table below has demand
information for the past year.
a. Calculate the EOQ for ordering wheels, and the annual costs of inventory.
b. Calculate the ROP.
Demand
for
Month Wheels
January 693
February 510
March 795
April 989
May 974
June 1074
July 340
August 706
September 955
October 546
November 620
December 433
Ave. Monthly Demand 719.6
Std. Dev., Monthly
Demand 240.3
Other
important
information:
Yearly holding cost 20%
Ordering cost $200/order
Service level 95%
Leadtime 0.5 months
Item costs $40/wheel