MO 300 Study Guide - Quiz Guide: Walmart, Dunne D.8, The Wall Street Journal

• School: U of M
• Department: Management and Organizations
• Course: MO 300
• Professor: Mohammad Neill

Document Summary

To 313: practice problems on process analysis solutions. Q1. 3(a) sales = ,000,000 per year / per unit = 30,000 units sold per year. Flow time = inventory / flow rate = 35 passengers / 255 passengers per hour. Inventory = ,000,000 / per unit = 20,000 units in inventory. Flow time = inventory / flow rate = 20,000 / 30,000 per year. Inventory turns = 1 / flow time = 1 / (2/3 year) = 1. 5 turns per year. Note: we can also get this number directly by writing: inventory turns=cogs/ inventory. Q1. 4(a) the retailer has 10 turns per year (note: you have to work with cogs for flow rate). Flow rate = inventory / flow time = 1200 skiers / 10 days = 120 skiers per day (b) last year: on any given day, 10% (1 of 10) of skiers are on their first day of skiing.