1-Logistics: Select three distinct modes of transportation and describe the advantages and disadvantages of each mode, and provide an example of a product that would best fit each mode.
2-Inventory Management: Briefly define holding costs and inventory costs, and explain the relationship between the two when defining an inventory policy
3-Inventory management: Computing the economic order quantity (EOQ) and (EPQ) for Nytec. The computer keyboard manufacturer has a monthly demand rate of 1650 keyboards. You received the information that the holding cost is estimated around 15% of product cost. The cost to manufacture the product is $35 per keyboard. And the costs to startup manufacturing is $250. The actual amount of days they are open and manufacturing is 245 days. They can produce at a rate of 100 products per day. The carrying cost is $4 per product. And finally the the lead time when re-ordering is 1 week.
a) What is the EOQ?
b) What is the number of orders per year?
c) What is the annual holding cost?
d) What is the ROP?
e) What is the EPQ?
f) What is the Imax? Show the whole calculation for each question.