The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000
Question:
The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000 sq. yards of stationery per year. The cost per order for the company is $2200; the cost of holding 1 yard of paper in inventory is $0.08 per year. Determine the following:
a. Economic order quantity
b. Minimum total annual cost
c. Optimal number of orders per year
d. Optimal time between orders
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Answered By
Saud Ur Rehman
Evaluating manufacturing processes by designing and conducting research programs; applying knowledge of product design, fabrication, assembly, tooling, and materials; conferring with equipment vendors; soliciting observations from operators. Developing manufacturing processes by studying product requirements; researching, designing, modifying, and testing manufacturing methods and equipment; conferring with equipment vendors. Keeping equipment operational by coordinating maintenance and repair services; following manufacturer's instructions and established procedures; requesting special service.
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Related Book For 
Operations and Supply Chain Management
ISBN: 978-1118738542
8th edition
Authors: Roberta S. Russell, Bernard W. Taylor
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