Question: final answer no need for explanation The demand for an item is steady at 1500 units per year. The ordering cost is OMR 16 per
final answer no need for explanation
The demand for an item is steady at 1500 units per year. The ordering cost is OMR 16 per order, and the holding cost is 0.30 OMR/unit-year. What should be reorder point (level), if the lead time is 10 months? Round-up to the nearest integer O a. None is correct b. 50 Oc 325 d. 278 e 231 Oman air has implemented a new online purchasing (ordering) system, as a result the order cost reduced by half, therefore, the economic order quantity will decrease by O a. 29.3% b. 50% Oc. None is correct d. 70.7% e 25% A company has 50 week per year operation. The weekly demand is for product it needs is 20 units and it costs OMR 2500 per unit to purchased. The cost of reordering is OMR 50 each order. The annual holding cost is OMR 660 per unit. Which economic order quantity policy, either round-up or round-down for inventory ordering to be used here to minimize total inventory cost per year? The corresponding order quantity will be O a 14 O b. 13 Oc 12 Od 15 O e None is correct


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