The university bookstore is ordering textbooks in preparation for the upcoming semester. This is an online...
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The university bookstore is ordering textbooks in preparation for the upcoming semester. This is an online class, and student demand for the book is consistent throughout the semester. There will be 500 students taking the class, half (250) of which will order from the bookstore. It costs the bookstore 10% per semester of the book's $120 cost for book that remain in inventory. Placing an order costs $10 based on the time it takes an employee to complete and send the order form. a. How many books should the bookstore order at a time? [Select] b. What is the annual HOLDING cost? [Select] c. What is the annual ORDERING cost? [Select] # Based on shelf space, the bookstore is limited to having a maximum inventory of this book of 10 copies. d. Based on the shelf space limitation, what is the impact on HOLDING costs compared to the optimal plan (to the nearest dollar)? [Select] # e. Based on the shelf space limitation, what is the impact on ORDERING costs compared to the optimal plan (to the nearest dollar)? [Select] + The university bookstore is ordering textbooks in preparation for the upcoming semester. This is an online class, and student demand for the book is consistent throughout the semester. There will be 500 students taking the class, half (250) of which will order from the bookstore. It costs the bookstore 10% per semester of the book's $120 cost for book that remain in inventory. Placing an order costs $10 based on the time it takes an employee to complete and send the order form. a. How many books should the bookstore order at a time? [Select] b. What is the annual HOLDING cost? [Select] c. What is the annual ORDERING cost? [Select] # Based on shelf space, the bookstore is limited to having a maximum inventory of this book of 10 copies. d. Based on the shelf space limitation, what is the impact on HOLDING costs compared to the optimal plan (to the nearest dollar)? [Select] # e. Based on the shelf space limitation, what is the impact on ORDERING costs compared to the optimal plan (to the nearest dollar)? [Select] + The university bookstore is ordering textbooks in preparation for the upcoming semester. This is an online class, and student demand for the book is consistent throughout the semester. There will be 500 students taking the class, half (250) of which will order from the bookstore. It costs the bookstore 10% per semester of the book's $120 cost for book that remain in inventory. Placing an order costs $10 based on the time it takes an employee to complete and send the order form. a. How many books should the bookstore order at a time? [Select] b. What is the annual HOLDING cost? [Select] c. What is the annual ORDERING cost? [Select] # Based on shelf space, the bookstore is limited to having a maximum inventory of this book of 10 copies. d. Based on the shelf space limitation, what is the impact on HOLDING costs compared to the optimal plan (to the nearest dollar)? [Select] # e. Based on the shelf space limitation, what is the impact on ORDERING costs compared to the optimal plan (to the nearest dollar)? [Select] + The university bookstore is ordering textbooks in preparation for the upcoming semester. This is an online class, and student demand for the book is consistent throughout the semester. There will be 500 students taking the class, half (250) of which will order from the bookstore. It costs the bookstore 10% per semester of the book's $120 cost for book that remain in inventory. Placing an order costs $10 based on the time it takes an employee to complete and send the order form. a. How many books should the bookstore order at a time? [Select] b. What is the annual HOLDING cost? [Select] c. What is the annual ORDERING cost? [Select] # Based on shelf space, the bookstore is limited to having a maximum inventory of this book of 10 copies. d. Based on the shelf space limitation, what is the impact on HOLDING costs compared to the optimal plan (to the nearest dollar)? [Select] # e. Based on the shelf space limitation, what is the impact on ORDERING costs compared to the optimal plan (to the nearest dollar)? [Select] +
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a How many books should the bookstore order at a time To minimize the total cost of ordering and holding inventory the bookstore should order the economic order quantity EOQ The EOQ is the quantity of ... View the full answer
Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-1118301173
1st Canadian Edition
Authors: Roberta S. Russell, Bernard W. Taylor, Ignacio Castillo, Navneet Vidyarthi
Posted Date:
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