upon the following: nuancing needs and uses the basic fixed-order-quantity Ventory model. Given an annual demand of
Question:
upon the following: nuancing needs and uses the basic fixed-order-quantity Ventory model. Given an annual demand of 10,000, setup cost of $32, a holding cost per unit per year of $4, an EOQ of 400 units, and a purchasing cost per unit of inventory of $150, When ordering quantity is EOQ, how much is annual purchase cost? (rounding to the nearest integer) When ordering quantity is EOQ, how much is annual ordering cost? (rounding to the nearest integer) B. When ordering quantity is EOQ, how much is annual holding cost? (rounding to the nearest integer) The next three questions are based upon the following: Ollah's Organic Pet Shop sells bags of cedar chips for pet bedding or snacking (buyer's choice). The supplier has offered Ollah the following terms: Order 1-100 bags, and the price is $6.00 a bag. Order 101 or more bags, and the price is $4.50 a bag. Annual demand is 630 bags, fixed ordering costs are $9 per order, and the per-bag holding cost is estimated to be around $2 per year. What is the EOQ for the bags? (rounding to the nearest integer) + LO What is the total annual cost to Ollah if order quantity is EOQ? (rounding to the nearest integer) What is the total annual cost to Ollah if order quantity is 101 for quantity discount?
Automation Production Systems and Computer Integrated Manufacturing
ISBN: 978-0132393218
3rd edition
Authors: Mikell P.Groover