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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