Question: 7 . Given the following information, calculate the EOQ: a . Annual demand = 2 , 0 0 0 , 0 0 0 b .

7. Given the following information, calculate the EOQ:
a. Annual demand =2,000,000
b. Cost or ordering = $52
c. Carrying costs =45%
d. Unit cost = $257
8. Using the information in #7 what is the number of annual orders?
9. Which question of inventory management does the EOQ answer?
10. What are the consequences of not doing good inventory management and inventory planning (thinking question)?

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!

Q:

As a result of a significant slowdown in economic activity, your client the "Bronx Bombers, LLC" needs additional capital to maintain the property and make payments on the mortgage. The LLC has four...

Q:

Hello, Thank you for your response. The attached spread sheet is for the questions you answered before. # 1, # 2, # 3, # 4 and # 8. I sent these questions prior and you responded to all of them. The...

Q:

7. Given the following information, calculate the EOQ: a. Annual demand =2,000,000 b. Cost or ordering =$52 c. Carrying costs =45% d. Item cost =525 EOQ - sart (2200000052/.45)=21499.35 8. Using the...

Q:

Inventory Management 1. What are the 4 questions of inventory management? 2. Which one of these questions is not in most textbooks? 3. If a company is working under a certain lead time schedule what...

Q:

DO QUESTION 9!! 7. Given the following information, calculate the EOQ: 1. Annual demand = 2,000,000 2. Cost or ordering = $45 3. Carrying costs = 25% EOQ = 2+(2,000,000 $45) 25% EOQ = 26832.82 or...

Q:

Inventory Management 1. What are the 4 questions of inventory management? 2. Which one of these questions is not in most textbooks? 3. If a company is working under a certain lead time schedule what...

Q:

Answer questions 9 and 10. answers are given already for 7 and 8 to help solve 9. 7. Given the following information, calculate the EOQ: a. Annual demand = 2,000,000 b. Cost or ordering = $25 C....

Q:

Please use data and information to answer question #9. 7. Given the following information, calculate the EOQ: a. Annual demand =2,000,000 b. Cost or ordering =$52 c. Carrying costs =45% d. Item cost...

Q:

7. Given the following information, calculate the EOQ: a. Annual demand = 2,000,000 b. Cost or ordering = $25 C. Carrying costs = 45% d. Item cost = $40 2982 8. Using the information in #7 what is...

Q:

7. Given the following information, calculate the EOQ: a. Annual demand = 2,000,000 b. Cost or ordering = $52 c. Carrying costs = 45% d. Item cost = 525 Using the information in #7 what is the number...

Q:

not sure how to calcualte number of annual orders and then #8 using exponential smoothing 7. Given the following information, calculate the EOQ: a. Annual demand = 2,000,000 b. Cost or ordering = $45...

Q:

Suppose that the fed-batch bioreactor in figure is converted to a continuous, stirred-tank bioreactor (also called a chemostat) by adding an exit stream. Assume that the inlet and exit streams have...

Q:

Varignon's theorem of moments states that the (2008) A. Algebraic sum of all moments is zero B. Algebraic sum of all moments is equal to the moment of the resultant about centre of gravity C. Moment...

Q:

A model has TP = 8 0 , FP = 2 0 , FN = 3 0 , TN = 7 0 . What is the Sensitivity? A . 4 / 6 B . 6 / 8 C . 4 / 8 0 D . 4 / 5

Q:

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the companys...