Question: Lead time Joe Henry's machine shop uses 2.510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away.

Lead time Joe Henry's machine shop uses 2.510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following Information is known about the brackets: Annual demand 2,510 Holding cost per bracket per year $1.25 Order cost per order $18.75 2 days Working days per year 250 a) What is the EOQ? units (round your response to two decimal places). byWhat is the average inventory if the EOQ is used? units (round your response to two decimal places) What would be the annual inventory holding cost? $(round your response to two decimal places). CIGiven the EOQ how many orders will be made annually orders (round your response to two decimal places) What would be the annual order cout? $ (round your response to two decimal places) d.Given the EOQ. what is the total annual cost of managing (ordering and holding) the Inventory? $(fround your response to two decimal places) What is the time between orders? days (round your response to two decimal places). What is the reorder point (ROPY units (round your response to two decimal places)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Business Administration 1 Part A: Introduction to BA, Procurement & Production - 5 ISM Studieren 1) Production Planning - 15 points Xiao Four products are competing regarding the scarce machine...

Question 3(10 marks): Joe henry s machine shop uses 2500 brackets during the course of a year. Theses brackets are purchased from a supplier 90 miles away. The following information is known about...

Joe Henry's machine shop uses 2,510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: a) What is...

2 . EOQ HomeworkJoe Henrys machine shop uses 2 , 5 0 0 brackets during a year. These brackets are purchasedfrom a supplier 9 0 miles away. The following information is provided:Annual demand 2 , 5 0...

Joe Henry's machine shop uses 2510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: $1.50 2...

FILL IN ALL BLANKS INCLUDING THOSE WITH RED MARKS Joe Henry's machine shop uses 2,510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following...

Problem 12.15 Question Help Joe Henry's machine shop uses 2,510 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known...

Joe Henry's machine shop uses 2510 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual...

a.) Given the above information, what would be the economic order quantity (EOQ)? b.) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost? c.) Given...

2. (a) Find all the analytic functions f = u + iv, where u is given as [3] u(r, y) = e" cos y + xy, (r, y) R". %3D (b) Determine an upper bound of the value of the integration Log z dz, where C is...

The speed of a sound in a container of hydrogen at 201 K is 1220 m/s. What would be the speed of sound if the temperature were raised to 405 K? Assume that hydrogen behaves like an ideal gas.

How can a portfolio have a beta equal to the market beta if 50% of the portfolios is invested in a security with twice the systematic risk of an average risky security? a. The beta of the portfolio...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....