Use the EPQ to Calculate: the Annual Demand, the Adjusted Total Cost, the Quantity to be Ordered,

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Use the EPQ to Calculate: the Annual Demand, the Adjusted Total Cost, the Quantity to be Ordered, The Maximum Inventory, and the Adjusted Order Quantity.

Given EPQ Parameters from your log:

Annual Demand = 8,000 units

Production Rate = 2,500 units/month

Setup Cost = $800
Annual Holding Cost= $18 per unit

Lead Time = 5 days

No of Operating Days Per Month = 20

Related Book For answer-question

Operations and Supply Chain Management for the 21st Century

ISBN: 978-1111225292

1st edition

Authors: Ken Boyer, Rohit Verma

See More Books

Posted Date: Oct 03, 2022 02:27 AM

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Use the EPQ to Calculate: the Annual Demand, the Adjusted Total Cost, the Quantity to be Ordered,

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Given Annual Demand D 8000 units Montly Demand d 80001... View the full answer

Operations and Supply Chain Management for the 21st Century

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