Question: i want answer for b and c % Grade Problem 1: Jill's Job Shop buys the following Part (X-123) for use in its production system.
i want answer for b and c
% Grade Problem 1: Jill's Job Shop buys the following Part (X-123) for use in its production system. The parts are needed throughout the entire 52-week year. Data for the part are as follows: $4 ITEM X-123 Annual demand 10,000 Holding cost per unit per year Order cost $35 Lead time 2 weeks Safety stock 150 units Item cost $10.00 Use the Fixed-Order Quantity Model to find the following: a) Compute the optimum order quantity (Q). 20% b) What is the reorder point (R) for the item? 20% c) Find the Total Annual Cost (TC) for the item. 20%
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