Question: Fixed Order Quantity Inventory System with Uncertain Demand Average Annual Demand 14,000.00 Ordering Cost $44.00 Unit Cost $3.60 Carrying Charge Rate 0.25 Lead time (weeks)
| Fixed Order Quantity Inventory System with Uncertain Demand | |
| Average Annual Demand | 14,000.00 |
| Ordering Cost | $44.00 |
| Unit Cost | $3.60 |
| Carrying Charge Rate | 0.25 |
| Lead time (weeks) | 2.00 |
| Weeks in a year | 52 |
| Standard deviation of weekly demand | 77.00 |
| Service level | 0.90 |
| Economic Order Quantity (to whole number) | |
| Order cost | |
| Inventory cost | |
| Total cost | |
| Average demand during lead time | |
| Standard deviation during lead time | |
| z-value | |
| Safety stock | |
| Reorder point |
. What is the minimum-cost economic order quantity? Round your answer to the nearest whole number.
fill in the blank 2 reams
2. What is the annual ordering cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.
$ fill in the blank 3
3. What is the annual inventory holding cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.
$ fill in the blank 4
4. What is the total annual cost for the EOQ? Use the rounded EOQ value in your calculations. Round your answer to the nearest cent.
$ fill in the blank 5
5. Assuming that there are 52 weeks in a year what is the average demand during the lead time? Round your answer to two decimal places.
fill in the blank 6 reams
6. What is the standard deviation of demand during the lead time? Round your answer to two decimal places.
fill in the blank 7 reams
7. What is the safety stock with a 90 percent service level? Round your answer to two decimal places.
fill in the blank 8 reams
8. What is the reorder point with safety stock? Round your answer to the nearest whole number.
fill in the blank 9 reams
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