Question: EMS 6 7 1 3 Production Planning & Control Module 2 , Chapter 2 Name: _ _ _ _ _ _ _ _ _ _

EMS 6713 Production Planning & Control
Module 2, Chapter 2 Name:________________________________
Problem 1:
Our company purchases microprocessors for use in our products and we purchase 2.5 million microprocessors each year.
Each time we place an order, it costs us $2,750 for all the paperwork, labor, postage, etc.
Each microprocessor costs us $2.53.
Our inventory holding cost is $0.557 per microprocessor
Assume that demand takes place at a constant rate.
Questions:
What is the EOQ?
How many orders will be placed each year?
How much time will elapse between the placement of orders?

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