Question: Can you help me with the work for this question? I have the answers i just need help to know how to do it: One

Can you help me with the work for this question? I have the answers i just need help to know how to do it: One of the products sold by OfficeMax is a Hewlett-Packard LaserJet Z99 printer. As purchasing manager, you have the following information for the printer:
(i) Click the icon to view the information for the printer.
a. The EOQ is 23.(Enter your response rounded to the nearest whole number.)
b. The annual ordering costs and holding costs (ignoring safety stock) for the EOQ is $746.(Enter your response rounded to the nearest dollar.)
c. Suppose OfficeMax currently orders 270 printers at a time.
OfficeMax would pay $3,728 less in holding and ordering costs per year if it ordered just 27 printers at a time. (Enter your response rounded to the nearest dollar.)
d. The reorder point for the printer is 479 printers. (Enter your response rounded up to the nearest whole number.)
The safety stock for the printer is 74 printers. (Enter your response rounded up to the nearest whole number.)
e. Use the following formula to consider the impact of safety stock (SS) on average inventory levels and annual holding costs:
(Q2+SS)H
The annual inventory holding cost, including the safety stock, is $6,897.(Enter your response rounded to the nearest dollar.)
The annual safety stock holding cost is $2,442.(Enter your response rounded to the nearest dollar.)
f. Suppose OfficeMax is able to cut the lead time to a constant 3 weeks.
More Info
The new safety stock level is 58.(Enter your response rounded up to the nearest whole number.)
The cutting the lead time would reduce the annual holding costs by $.(Enter your response rounded to the nearest dollar.)
Average weekly demand (52 weeks per year): 81 printers
Standard deviation of weekly demand: 20 printers
Order lead time: 5 weeks
Standard deviation of order lead time: 0(lead time
Item cost: $270 per pr
Cost to place an order: $2
Yearly holding cost per printer: $33
Desired service level during reordering period: 95%(z=1.6
 Can you help me with the work for this question? I

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!