Question: EOQ Calculation with Chart Annual requirement in units (R) Setup cost (S) Holding rate (k) Unit Cost (C) Order lead time (LT, days) Number of

EOQ Calculation with Chart Annual requirement in

EOQ Calculation with Chart Annual requirement in units (R) Setup cost (S) Holding rate (k) Unit Cost (C) Order lead time (LT, days) Number of days per year 5,000 $100 13% $21 6 360 EOQ Annual purchase cost Annual holding cost Annual order cost Total inventory cost Reorder point (ROP, days) Number of orders per year Time between orders (days) 1. What is the economic order quantity? Round your answer to the nearest whole number. units 2. What is the annual purchase cost? Round your answer to the nearest dollar. S 3. What is the annual holding cost? Round your answer to the nearest dollar. $ 4. What is the annual order cost? Round your answer to the nearest dollar. $ 5. What is the total annual inventory cost? Round your answer to the nearest dollar. $ 6. What is the reorder point? Round your answer to the nearest whole number. units 7. What is the number of orders placed per year? Round your answer to the nearest whole number. orders 8. What is the time between orders? Round your answer to the nearest whole number. days

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