Question: Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 6 , 0
Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this
product is 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.
a The economic order quantity is units round your response to the nearest whole number
b The average inventory is units round your response to the nearest whole number
c The optimal number of orders per year is orders round your response to the nearest whole number
d The optimal number of working days between orders is days round your response to two decimal places
e The total annual inventory cost carrying cost ordering cost is $round your response to the nearest cent
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