Question: Use the following problem statement to answer questions 1 - 5 . The STU company buys 2 0 0 tapes per month. The ordering cost
Use the following problem statement to answer questions
The STU company buys tapes per month. The ordering cost of the tapes is $ Holding cost is $ per tape per year. Assume working days a year and months per year. No backordering is allowed. Stock is received working days after an order has been placed. Round to four decimal places.
Note: EOQ Number of orders placed per year Average cycle inventory TBO Total inventory cost QHDQSLot size; Holding cost per unit per year; D Demand per year; S Ordering cost; LT Lead time
How many tapes should the company order at a time?
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Tips
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What is the length of order cycle?
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Tips
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What is the optimal number of orders placed per year?
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