Question: [Chapter 12] EOQ Model Hillside Manufacturing Company uses 2,000 units of bearings per year. The bearings are purchased from a supplier in Florida. The following

 [Chapter 12] EOQ Model Hillside Manufacturing Company uses 2,000 units of
bearings per year. The bearings are purchased from a supplier in Florida.
The following information is known for the problem: Answer the following questions.
Write your final answer only (without intermediate steps) for the fill-ir blank
questions. Question 2 (3 points) The holding cost (H)=$ A per unit
per year. Round the final answer to two decimal places, e.g., 0.12

[Chapter 12] EOQ Model Hillside Manufacturing Company uses 2,000 units of bearings per year. The bearings are purchased from a supplier in Florida. The following information is known for the problem: Answer the following questions. Write your final answer only (without intermediate steps) for the fill-ir blank questions. Question 2 (3 points) The holding cost (H)=$ A per unit per year. Round the final answer to two decimal places, e.g., 0.12 , when necessary. Question 3 (3 points) The economic order quantity (EOQ)= A units. Round the final answer (if it is not an integer) to the ne: integer. Question 4 (3 points) Based on the EOQ, the average inventory = A units. Round the final answer (if it is not an integer) to the nearest integer. Question 5 (3 points) Total annual inventory holding cost = $ A . Round the final answer (if it is not an integer) to the nearest Question 6 (3 points) The optimal number of orders per year = A orders. Round the final answer (if it is not an integer) to the nearest integer. Question 7 (3 points) Total annual inventory cost (excluding the purchase cost) =$ A . Round the final answer (if it is not an integer) to the nearest Question 8 (3 points) Reorder point (ROP)= A units. Round the final answer (if it is not an integer) to the nearest integer. Question 9 (3 points) If the management decides to order 2,000 units (instead of the EOQ quantity obtained above) per order, the total annual inventory cost (excluding the purchase cost) =$ A . Round the final answer (

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!