19. Given the following information for an important purchase part, compute the a. EOQ b. total purchase
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19. Given the following information for an important purchase part, compute the a. EOQ b. total purchase cost c. annual holding cost d. annual order cost e. annual total cost f. reorder point g. number of orders placed per year h. time between orders use Microsoft excel to plot the cost curves (annual holding cost, annual order cost, and annual cost) on the vertical axis and the order quantities on the horizonal axis. | |||||
Annual Requirements- R | 5,000 | units | |||
Order Cost- S | $100 | per order | |||
Holding Rate- k | 20% | per unit | |||
Unit Cost- C | $20 | per unit | |||
Lead Time- LT | 6 | days | |||
Number of Days per Year | 365 | days |
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