Question: QUESTION 10 UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 5000 units; carrying cost is

QUESTION 10 UConn bookstore is performing an

QUESTION 10 UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 5000 units; carrying cost is $40 per unit per year; ordering costs is typically $20 per order; and lead time is known to be 5 days. Assume 250 working days per year. (1) What is the economic order quantity? (Round to 2 decimal places) (2) What is the optimal number of working days between orders? (Round to 2 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!

UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 5000 units; carrying cost is $40 per unit per year; ordering costs is typically $20 per...

UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 500 units; carrying cost is $9 per unit per year; ordering costs is typically $4 per...

(3 points) UConn bookstore is performing an inventory analysis on the most popular book. Annual demand for this book is 500 units; carrying cost is $9 per unit per year; ordering costs is typically...

geographical specialization enables positioning of inventory across multiple manufacturing and distribution : true false OPUT-1175-0 - Ware X C i learn bot.ca/d21/\\ms/quizzing/user/attempt/quiz...

please answer ASAP Part A) Multiple Choice Questions Choose the one alternative that best completes the statement or answers the question. [-3) Alter tallying the receipts for their first year of...

Question 1 3 pts Using the fixed - order - quantity model, which of the following is the total ordering cost of inventory given an annual demand of 2 5 , 0 0 0 units, a cost per order of $ 8 0 , and...

help fast l Using the fixed-order-quantity model, which of the following is the total ordering cost of inventory given an annual demand of 25,000 units, a cost per order of $80, and a holding cost...

Susan Taylor started her own consulting firm, Taylor Made Consulting Inc., on May 1, 2012. The following transactions occurred during the month of May. May 1 Stockholders invested $15,000 cash in the...

Find the appropriate p-value to test the null hypothesis, H0: p1 = p2, using a significance level of 0.05. n1 = 100 n2 =100 x1= 38 x2= 40

The financial statements of the lvanhoe Manufacturing Supply Company report net credit sales of $312000 and net accounts receivable of $48000 and $21600 at the beginning of the year and the end of...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...