Question: Time conversions are important. These time conversions will be used in this homework. Assume the time standards and equivalent relationships. Assume demand relationships. Equivalent Relationships

Time conversions are important. These time

Time conversions are important. These time conversions will be used in this homework. Assume the time standards and equivalent relationships. Assume demand relationships. Equivalent Relationships 240 1 year = 4 quarters = 12 months = 48 weeks = 240 days 60 1 quarter = 3 months = 12 weeks = 60 days 1 month = 4 weeks = 20 days 1 week = 5 days Year Quarter Month Week Day 1 4 12 48 3 12 1 4 1 1 20 5 Demand = 4800 units/year Year Quarter Month Week Day 4800 1200 400 100 20 1200 400 100 20 400 100 20 100 20 Question 6. Assume 5 days/week, 48 weeks/year, 12 months/year, and 4 quarters/year. Constant Demand = 4800 units/year Unit ordering (setup) cost = $20/order Unit carrying (holding) cost = $0.30 /unit/year Order quantity = 400 units/order How many statements are correct? 0 1 2 3 (A) The total annual ordering (setup) cost is $240 (B) The total annual carrying (holding) cost is $60 (C) The total annual ordering and carrying cost is $200

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