You are given the following information about item A123: Semi-annual Demand (D)= 5,000 per year , ordering

Fantastic news! We've Found the answer you've been seeking!

Question:

You are given the following information about item A123:

Semi-annual Demand (D)= 5,000 per year , ordering /Set up cost (S)= $16 per order Holding cost

(H)= $2 .00 per year.

a. Calculate the Economic Order Quantity

EOQ=?

b. Using EOQ amount, calculate total annual ordering cost (TC)

Number of orders per year, N = ?

(ii) Total Cost (TC) = ?

c. If there are 250 working days in a year, then

(i) Calculate daily demand (d) =

Related Book For answer-question

Operations Management

ISBN: 9781259270154

6th Canadian Edition

Authors: William J Stevenson, Mehran Hojati, James Cao

See More Books

Posted Date: Aug 03, 2023 06:41 AM

See More Questions

We have discussed many concepts in SCM 301 related to planning, sourcing, making and delivering products and services. The purpose of this case analysis is to integrate the different elements of the...
The Holtz Corporation acquired 80 percent of the 100,000 outstanding voting shares of Devine, Inc., for $6.90 per share on January 1, 2017. The remaining 20 percent of Devine's shares also traded...
You are given the following information about Sasha Company's inventory for the month of April. Instructions (a) Calculate the cost of goods available for sale and the number of units of ending...
Suppose the 2017 adidas financial statements contain the following selected data (in millions). Compute the following values and provide a brief interpretation of each. (a) Working capital. (b)...
What is Colemans overall, or weighted average, cost of capital (WACC)? Ignore flotation costs.
Maurice has the following utility function: U(X, Y) = 20X + 80Y X2 2Y2 Where X is his consumption of CDs, with a price of $1, and Y is his consumption of movie videos, with a rental price of $2. He...
Discuss how the concepts of groupthink and escalation of commitment might be related to some cases of unethical decision making (and its cover-up) in business.
Open the Adalene Solution.sln file contained in the VB2017 Chap12 Adalene Solution folder. The application is already connected to the Adalene.mdf file, and the AdaleneDataSet has already been...
1. Python program to perform an expression y = mx + c in a function and return the result to the calling function. 2. C++ program to declare and traverse two dimensional array
(a) In the circuit in Fig. 4.71, calculate vo and Io when vs = 1 V. (b) Find vo and io when vs = 10 V. (c) What are vo and Io when each of the 1-Î© resistors is replaced by a...
WhStudents will be able to convert numbers by using the "making 10" strategy when adding and subtracting problems within 20.at is a specific example of a formal-formative assessment using NY2OA2a and...
The workplace practice I chose to evaluate is, workplace culture described by employees as stressful, competitive, or alienating. For the reason why this ends up being the case I feel it starts with...
What will you do to make your objectives clear and candid during the conversation? How will you manage your emotion during the conversation while still maintaining empathy and trust with the...
If a rope loaded with a force of 100 lbf had a spring constant of 500 lbf/inch, how far would the rope stretch or elongate? 0.05" 3.14" Not Listed 0.005" 3.18" 5" 0.5"
The Amazon.ca logo has an arrow from the "a" to the "z," communicating that Amazon has everything from a to z. What is this an example of? Explain
AXAM Inc. is a US company specialising in electronic cryptographic systems for banks. AXAM has recently purchased a new software package from a UK based technology company for 1,500,000, payable on 1...
classifying manufacturing costs Your Computer, Inc. assembles custom computers from components supplied by various manufacturers. The company is very small, and its assembly shop and retail sales...
Use nodal analysis to determine voltages v1, v2, and v3 in the circuit Fig. 3.76. Figure 3.76 4 S 3i, 2 A 4A
A hospital reorders size 7 surgical gloves when the supply on hand and on order falls to 18 units (pairs). Lead time for resupply is three days. Given the typical usage over the last 10 days below,...
Find the capacity of this process: 22 units/hr 17 units/hr 18 units/hr 3. 51 units/hr 54 units/hr 20 units/hr 18 units/hr 18 units/hr 5 6) (10 11 7. 8 9. 22 units/hr 17 units/hr 15 units/hr
The selling price for a type of felt-tip pen is $1 per pen. Fixed cost of the operation is $25,000 per month and variable cost is 50 cents per pen. a. Find the break-even quantity. b. How many pens...
By conducting testcrosses, researchers have found that the sweet pea plant has seven linkage groups. How many chromosomes would you expect to find in leaf cells of sweet pea plants?
Describe the unique features of ascomycetes that facilitate genetic analysis of these fungi.
Though we often think of genes in terms of the phenotypes they produce (e.g., curly leaves, flaky tail, brown eyes), the molecular function of most genes is to encode proteins. Many cellular proteins...

You are given the following information about item A123: Semi-annual Demand (D)= 5,000 per year , ordering

Question:

Expert Answer:

a Calculate the Economic Order Quantity EOQ EOQ 2 D S ... View the full answer

Operations Management

Students also viewed these general management questions