Question: I need help with 43-46. PROBLEM 7: Inventory Control The Everett Jewels Company sells watches. Anand demand for watches in 2006. The purchase $38.00. The
I need help with 43-46.
PROBLEM 7: Inventory Control The Everett Jewels Company sells watches. Anand demand for watches in 2006. The purchase $38.00. The annual inventory holding rate is 20% of the purchase ore. The cost of place an order to S18AAT lead-time is 4 days, and assume that there are 200 working days in the year. Komad olub necessary (43) The Economic Order Quantity (Optimal Order Quantity) (a) 1400 (b) 1500 (44) Suppose you order every time a quantity equal to the BOQ. Then the mal com (c) 1200 (d) 1300 (e) none of the above of placing the orders is: (Hint: You need to calculate AOC) (a) $6760 (b) 58960 (c) 55970 (d) 54560 (e) none of the above (45) Suppose you order every time a quantity equal to the BOQ. Then the woul.com of holding the inventory is: (Hint: You need to calculate AHC) (a) $6760 (b) $8960 (c) 55970 (d) S4560 (e) none the above (46) The cycle time under the EOQ policy is: (a) 2 days (b) 5 days (c) 10 days (d) 12 days (47) The re-order point under the EOQ policy is: (a) 520 (48) Suppose you order every time a quantity equal to 2000 instead of the EOQ, (e) none of the bove (b) 560 (c) 840 (d) 960 (e) none of the above Then the annual cost of placing the orders is: (Hint: You need to calculate AOC) (a) $6272 (b) $8124 (c) $2736 (d) S4396 (49) Suppose you order every time a quantity equal to 2000 in stead of the EOQ. (e) none of the above Then the annual cost of holding inventory is: (Hint: You need to calculate AHC) (a) $14200 (b) $7600 (c) $10400 (d) $12800 (e) none of the above (50) Suppose you order every time a quantity equal to 2000 in stead of the EOQ. Then, the increase in total costs (i.e., penalty) per year for adopting this policy instead of the EOQ policy is: (a) S1216 (b) $1274 (c) $1152 (d) $1022 (e) none of the above
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