Question: Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this product is 3 , 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.
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 days round your response to two decimal places
Part
e The total annual inventory costcarrying costordering cost is $enter your response here round your response to the nearest cent
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