Question: Part 2 EOQ Olivia Budinger is the manager a large car tires company with a central inventory operation. Olivia's fastest-moving inventory item has a demand

Part 2 EOQ Olivia Budinger is the manager a large

Part 2 EOQ Olivia Budinger is the manager a large car tires company with a central inventory operation. Olivia's fastest-moving inventory item has a demand of 6,000 units per year. The cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. The average ordering cost is $30 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. Assuming 250 working days per year for this problem. Q10: What is the EOQ? (round up to the nearest integer) (4 points) Q11: What is the optimal number of orders per year? (use previous rounded numbers if necessary, round up to the nearest integer) (2 points) Q12 What is the optimal number of days in between any two orders? (use previous rounded numbers if necessary, round up to the nearest integer) (2 points) Q13 What is the total cost of ordering and holding inventory? use previous rounded numbers if necessary, round to 2 decimals) (2 points) Olivia thinks the cost is too high and she has negotiated for a better term from the supplier. She receives a 10% discount on all the costs. However, the supplier also said it will take 8 days to deliver. Q14: What is the new EOQ? (round up to the nearest integer) (2 points) Q15: What is the new optimal number of orders per year? (use previous rounded numbers if necessary, round up to the nearest integer) (2 points) Answer: 32 Q16 What is the optimal number of days in between any two orders? (use previous rounded numbers if necessary, round up to the nearest integer) (2 points) answer: 8 Q17 What is the total cost of ordering and holding inventory? use previous rounded numbers if necessary, round to 2 decimals) (2 points) Q18: With the lower cost but longer delivery time, is it a good deal to take? (short answer) (2 points)

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