Question: Please solve the logistic question Question: shorturl.at/buYZ8 My study material as a ref: Contemporary Logistics (11th Edition) Book Author : Paul R. Murphy Jr., A.

Please solve the logistic question

Question: shorturl.at/buYZ8

My study material as a ref: Contemporary Logistics (11th Edition) Book Author : Paul R. Murphy Jr., A. Michael Knemeyer

Please solve the logistic question Question:
Logistics Please calculate the Economic Order Quantity (EOQ), Cycle Stock, Turnaround Time & Optimal Order Count for the product based on the following given conditions. - Demand: 1000/month Order cost: 4000$/time Raw material purchase price: 500$/pc - Storage cost rate: 20% > Higher inventory levels (higher carrying costs) result in lower chances of a stockout (lower stockout costs) Table 8.4 Determination of Safety Stock Level Number Additional 25% Annual Total Value of Additional Stockout of Units of Safety Stock Carrying Incremental Orders Costs Safety Stock ($480 per Unit) Cost Safety Stock Filled Avoided 10 $4,800 $1,200 $1,200 20 $8,000.00 20 9,600 2,400 1,200 16 6,400.00 30 14,400 3,600 1,200 12 4,800.00 40 19,200 4,800 1,200 8 3,200.00 50 24,000 6,000 1,200 6 2,400.00 60 28,800 7,200 1,200 A 1,600.00 70 33,600 8,400 1,200 1,200.00

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!