Question: Jordin Henry's machine shop uses 2 4 7 0 brackets during the course of a year. These brackets are purchased from a supplier 9 0
Jordin Henry's machine shop uses brackets during the course of a year. These brackets are purchased from a supplier miles away. The following information is known about the brackets:
Annual demand
Holding cost per bracket per year $
Order cost per order $
Lead time days
Working days per year
Part
a
What is the EOQ?
enter your response here units round your response to two decimal places
Part
b
What is the average inventory if the EOQ is used?
enter your response here units round your response to two decimal places
What would be the annual inventory holding cost$
enter your response here round your response to two decimal places
Part
c
Given the EOQ, how many orders will be made annually?
enter your response here orders round your response to two decimal places
What would be the annual order cost$
enter your response here round your response to two decimal places
Part
d
Given the EOQ, what is the total annual cost of managingordering and holding the inventory? $
enter your response here round your response to two decimal places
Part
e
What is the time between orders?
enter your response here days round your response to two decimal places
Part
f
What is the reorder pointROP
enter your response here units round your response to two decimal places
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