Question: Optimal order size ( Economic Order Quantity, EOQ ) = 1 , 5 5 8 . 1 2 units Monthly demand = 3 , 5

Optimal order size (Economic Order Quantity, EOQ)=1,558.12 units
Monthly demand =3,500 units
Order cost = $250 per order
Holding cost = $8.65 per unit per year
Unit cost = $85 per unit
Lead time =12 days
Number of days per year =365 days

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!

Q:

Questions # 2 ( 3 0 % ) Given the following information for a purchased part, compute the ( a ) total purchase cost, ( b ) annual holding cost, ( c ) annual order cost, ( d ) annual total cost, ( e )...

Q:

Questions # 2 ( 3 0 % ) Given the following information for a purchased part, compute the ( a ) total purchase cost, ( b ) annual holding cost, ( c ) annual order cost, ( d ) annual total cost, ( e )...

Q:

Do you think the proper way to choose a supplier is to always find the one that will give you the lowest price? When might this not be a good idea?Questions # 2 ( 3 0 % ) Given the following...

Q:

i need help with questions below: 1. A computer manufacturer, AMAZING COMP Inc., uses approximately 300,000 circuit boards annually. The boards are used at a steady rate during the 260 workdays that...

Q:

An assistant manager is reviewing the costs associated with one of the stores better-selling products. The data available follows. Demand = 2500 units /year Order cost = $125/order Holding cost = $2...

Q:

Remaining Time: 1 hour, 19 minutes. 07 seconds Question Completion Status QUESTION 39 Given that unit cost = $25,ammal carrying charge = 10% of unit cost anual demand = 4,000 units, and ordering cost...

Q:

Question 1 (Network design optimization). [20 points] ABC Limited Corp. has won contracts to supply a high-tech product to customers in Asia, North America, Europe, and South America. The company has...

Q:

1.Which ONE of the following describes the ABC resources consumption model? The cost of the total resource consumption (activity demand) for a typical production period that is used as the standard...

Q:

1.Which ONE of the following describes the ABC resources consumption model? The cost of the total resource consumption (activity demand) for a typical production period that is used as the standard...

Q:

1.Which ONE of the following describes the ABC resources consumption model? The cost of the total resource consumption (activity demand) for a typical production period that is used as the standard...

Q:

For the differential equation y=-2x- v. given the following information: Ar 0.2: point on the curve (0.-1). Do calculations correct to 4 decimal places. () use the Runge- Kutta method to find one...

Q:

Operations Kilbourne had two full-time employees who were paid $12.50 an hour and two part-time employees who were paid S11.25 an hour. Both full-time employees worked from 6 a.m. to 2:30 p.m. cach...

Q:

Select from the option list provided which organization type best describes the party enclosed in parentheses. Each choice may be used once, more than once, or not at all. ScenarioOrganization type 1...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....