Question: Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 4,500 units; carrying
Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 4,500 units; carrying cost is $65 per unit per year, order costs for his company typically run nearly $25 per order, and lead time averages 5 days. (Assume 250 working days per year.) a) The economic order quantity is 59 units (round your response to the nearest whole number). b) The average inventory is 30 units (round your response to the nearest whole number). c) The optimal number of orders per year is 76 orders (round your response to the nearest whole number). d) The optimal number of working days between orders is 3.28 days (round your response to two decimal places) e) The total annual inventory cost (carrying cost + ordering cost) is $3,825 (round your response to the nearest cent) f) The reorder point is 90 units (round your response to the nearest whole number).
bpically run mearly si2 per order, and wad time averages 5 days (Assume 250 woiking days por yoar.) a) The economic order quartity is chits (round your response to the noarest whole numbel) b) The averago inventory is 30 unts (round yoer response to the nearest whole number) c) The ophmal number of oeders per year is 76 orders fround your response to the noarest nhots number?. 4) The ectimal number of workng dovs between arders is a 20 ans fround yow rewporse to wo decme naced? f) The rearder pont is 90 units iroand your response to the nearest whoto mmben
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