Question: first pic helps solve questions in second pic 1 u,v A local paint store uses a (Q,R) inventory system to control its stock levels. For

first pic helps solve questions in second pic

1 u,v

A local paint store uses a (Q,R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately normal, with a mean of 468 cans and variance of 1872 , expressed as N(468,1872). Replenishment lead time for this paint is about 14 weeks. Each can of paint costs the store $6. The fixed cost of replenishment is $45 per order and holding costs are based on a 20% annual interest rate. What is the holding cost h ? a. $15.40 b. $7.80 c. $23,60 d. $1.20 Clear my choice What is the optimal order quantity Q (also called the EOQ)? a. 188 cans per order b. 53 cans per order c. 124 cans per order d. 22 cans per order Clear my choice

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!

first pic helps solve questions in second pic 1 y,z 3 Working with the (Q,R) Model A local paint store uses a (Q,R) inventory system to control its stock levels. For a popular eggshell indoor paint,...

2 c,d. first pic helps solve questions in second pic 3 Working with the (Q,R) Model A local paint store uses a (Q,R) inventory system to control its stock levels. For a popular eggshell indoor paint,...

27&28 A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately...

7,8,9 A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately...

23 A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately...

3 A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately normal,...

Please show your work. Thanks ! A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual...

29&30 A local paint store uses a (Q, R) inventory system to control its stock levels. For a popular eggshell indoor paint, historical data shows the distribution of annual demand is approximately...

Peters Company purchased Stevens Company's net assets and assigned them to three separate reporting units. The data associated with each reporting unit is listed below. Reporting Unit A B C Carrying...

Chris is an Australian resident for the year ended 30 June 2020. During the last financial year, he has received/paid the following. Based on the following, calculate Chriss taxable income: gross...

For regular tax purposes, Yolanda, who is single, is in the 3 2 % tax bracket. For 2 0 2 2 , her AMT base is 5 4 2 0 , 0 0 0 . Her tentative minimum tax ( TMT ) is: $ 1 1 3 , 4 7 8 . 5 8 3 . 5 8 6 $...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...