Question: please help solving this. 1) (6 points) A retailer consistently sells about 1800 products per month. Each order has a setup cost of $100, a

please help solving this.

1) (6 points) A retailer consistently sells about 1800 products per month. Each order has a setup cost of $100, a lead time of 4 days and the annual holding cost is $3 per unit. Calculate: a) The EOQ, Q; b) The inventory cost, IC; c) The average inventory level; d) The number of orders per year; e) and the ROP, assuming the retailer is open 300 days per year. f) In a sentence at the bottom of the page that convinces me you understand what all the results below mean, describe what the optimal inventory control policy is for this product; i.e., answer the standard inventory question - How much, and when? using the results from a) through e)

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!

please help solving this. 1) (6 points) A retailer consistently sells about 1800 products per month. Each order has a setup cost of $100, a lead time of 4 days and the annual holding cost is $3 per...

Please use excel 1) (6 points) A retailer consistently sells about 800 products per month. Each order has a setup cost of $400, a lead time of 3 days and the annual holding cost is $3 per unit....

1) (6 points) A retailer consistently sells about 800 products per month. Each order has a setup cost of $400, a lead time of 3 days and the annual holding cost is $3 per unit. Calculate: a) The...

3.) reconsider the retailer from problem 2.) (with the same demand and set up cost and withholding costs equal to 20% of the purchase price). Assume that quantity discounts are available as in the...

1) (5 points) A retailer consistently sells about 900 products per month. Each order has a setup cost of $200, a lead time of 3 days and the annual holding cost is $3 per unit. Calculate: a) The EOQ,...

2.) A retailer consistently sells about 900 products per month. each order has a set up cost of $200, a lead time of four days and the annual holding cost is $3 per unit. Calculate: a.) The EOQ, Q*;...

Reconsider the retailer from problem 1) (with the same demand and setup cost and with holding cost now equal to 20% of the purchase price). Assume that quantity discounts are available as in the...

1) A retailer consistently sells about 1000 products per month . Each order has a setup cost of $320, a lead time of 3 days and the annual holding cost is $3 per unit. Calculate: a) The EOQ, Q*; b)...

A retailer consistently sells about 1200 products per month. Each order has a setup cost of $150, a lead time of 4 days and the annual holding cost is $3 per unit. Calculate: a) The EOQ, Q*; b) The in

page number on bottom of page 2. On Page 36, under the section Break-Even Analysis", please calculate the breakeven point if the sales price increase by 50. Did the breakeven point increase or...

F&D Incorporated ceased operations and dissolved under state law in 2020. Mrs. Herron, a 20% shareholder, received a $490,300 liquidating distribution from F&D. This year, the IRS determined...

For the reaction: A + 2B P + Q in aqueous solution, the rate equation is d[P]/dt = k[A] [B] where k = 3.678 x 10-3 (mol L-1)-1 sec-1. At the start of the reaction 0.255 mole of A and 0.605 mole of B...

5. Why is it NOT possible to obtain calcium metal and chlorine gas from the electrolysis of dilute calcium chloride solution? (a) Calcium chloride is insoluble in water. (b) Calcium chloride is a...

8) Mark derives utility from watching movies and from playing computer games according to the utility function U(c,m)=6c1/3m1/2, where c is the number of hours he plays games and m is the number of...