Question: Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 4 comma 0
Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is comma units; carrying cost is $ per unit per year; order costs for his company typically run nearly $ per order; and lead time averages days.Assume working days per year.
Part
a The economic order quantity is
unitsround your response to the nearest whole number
Part
b The average inventory is
unitsround your response to the nearest whole number
Part
c The optimal number of orders per year is
ordersround your response to the nearest whole number
Part
d The optimal number of working days between orders is
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
