Please download the quiz 1 questions here:   Quiz1-Fall2021-1.pdf  Once you are done writing your solutions, please write your name on top of the paper(s) and scan (you can use your phone’s camera to take pictures instead) and upload them to this question to complete the quiz.

An item is used in an assembly operation at an average rate of 60 per week (5 days a week, 50 weeks a year) with a standard deviation of 5 per week. Demand is normally distributed. The item costs $12.5 per unit. The fixed order cost is $50, and the holding cost is $2.50 per item per week. The lead time is 2 days. (a) Calculate the safety stock needed for a service level of 95% using a continuous review policy. (b) Calculate the average annual cost of inventory holding and ordering. PLEASE SHOW YOUR WORK. STATE ANY EXCEL FORMULAS USED.

Please download the quiz 1 questions here:   Quiz1-Fall2021.pdf  Once you are done writing your solutions, please write your name on top of the paper(s) and scan (you can use your phone’s camera to take pictures instead) and upload them to this question to complete the quiz.

An aircraft company uses a specialized titanium alloy component at a constant rate of 50 pounds per year (50 weeks). Bolts cost $20 per pound, and it costs $2 to place an order for any order size from the supplier. The cost of capital is 25% per year. (a) Calculate the optimal order quantity for the alloy component. (b) Approximately how many times a year should the aircraft company place a new order for this component?                                                                                       PLEASE SHOW YOUR WORK. STATE ANY EXCEL FORMULAS USED.

An aircraft company uses a specialized titanium alloy component at a constant rate of 50 pounds per year (50 weeks). Bolts cost $20 per pound, and it costs $2 to place an order for any order size from the supplier. The cost of capital is 25% per year. (a) Calculate the optimal order quantity for the alloy component. (b) Approximately how many times a year should the aircraft company place a new order for this component?                                                                                       PLEASE SHOW YOUR WORK. STATE ANY EXCEL FORMULAS USED.

An item is used in an assembly operation at an average rate of 16 per day  and a standard deviation of 20 per week (7 days per week, 50 weeks per year). Assume normally distributed (bell curve) usage. This item is procured from an outside vendor at a cost of $12.50 each. The lead time is 2 days. The unit holding cost is $2.50 per year, and the fixed order cost is $50 per order. The inventory level is reviewed every Monday, and an order placed accordingly each Monday. Calculate the Target Inventory Level required for a service level of 75%. PLEASE SHOW YOUR WORK. STATE ANY EXCEL FORMULAS USED.  

A chemical messenger that is secreted into the blood by an endocrine gland to cause a physiological response in distant target cells is a(n) ______________________. 

The axon is indicated by ________.

In the image shown, the number 9 indicates the ________.

The axon of a neuron: