Question: (3 points) UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 500 units; carrying cost is

(3 points) UConn bookstore is performing an

(3 points) UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 500 units; carrying cost is $9 per unit per year; ordering costs is typically $4 per order; and the lead time is known to be 5 days. Assume 200 working days per year. (Please round your answer to two decimal places) (a) What is the reorder point? (b) What is the economic order quantity? (c) What is the corresponding number of working days between orders

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 500 units; carrying cost is $9 per unit per year; ordering costs is typically $4 per...

UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 5000 units; carrying cost is $40 per unit per year; ordering costs is typically $20 per...

QUESTION 10 UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 5000 units; carrying cost is $40 per unit per year; ordering costs is...

Problem 1 In the basic economic order quantity (EOQ) model. if monthly demand is a constant 460 units, the order quantity is 168 (14 dozen), and the firm operates during 50 weeks and five-day week...

*Please show all the functions and formulas used in the excel spreadsheet insert Draw Design Layout References Mallings Review view Help Share Quantity Discounts The Quantity Discount worksheet...

1- Following is a Network Representation of a Transportation Problem, with Costs, Demands and Supplies: The objective function for this problem can be written as Minimize total cost = 5X 1A + 4X 1B +...

- A company sells a product with annual demand of 900 units. Carrying cost is estimated to be 0.50 SAR per unit per year and the ordering cost is 9 SAR per order. The economic order quantity (EOQ)...

Question 1 3 pts Using the fixed - order - quantity model, which of the following is the total ordering cost of inventory given an annual demand of 2 5 , 0 0 0 units, a cost per order of $ 8 0 , and...

help fast l Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 25,000 units, a cost per order of $80, and a holding cost...

(A) Try to calculate the moment of inertia of a thin plate, in the shape of a right triangle, about an axis as shown in Figure (a)-(d). If m represents the mass of the triangle and dm mass of small...

What are the four elements of a financial feasibility analysis?

Qu es el Costo de capital "TMAR"? a. Es la tasa mnima aceptable de rendimiento, se determina como un porcentaje ponderado de las fuentes de inversin que puede tener el proyecto (personas propias,...

What is an example of constructive feedback? provide reference