JJ's real estate training school, in Richmond, stocks workbooks with the following characteristics
JJ's real estate training school, in Richmond, stocks workbooks with the following characteristics:
Demand 19,100 units/year
Ordering cost $253/order
Holding cost $33/unit/year
The annual holding costs for the workbooks is _______ (round your response to the nearest whole number)
Homework Answers
Economic Order Quantity (EOQ) = Square root of (2 x S x D / H)
S = Set up costs (ordering costs)
D = Annual demand
H = Holding costs per unit per year
EOQ = Square root of of (2 x 253 x 19100 / 33)
EOQ = 541 units
Annual Holding costs = 1/2 * EOQ * Holding costs per unit per year = 1/2 x 541 x 33 = $ 8927
Add Answer to:
JJ's real estate training school, in Richmond, stocks workbooks with the following characteristics
Problem 12.7 William Beville's computer training school, in Richmond, stocks Workbooks with the following characteristics: Demand...
Problem 12.7 William Beville's computer training school, in Richmond, stocks Workbooks with the following characteristics: Demand D 19,100 units/year Ordering costs $27/order Holding cost H $5/unit/year a) The EOQ for the workbooks is (round your response to the nearest whole number). Enter your answer in the answer box and then click Check Answer. Clear All 2 2 parts remaining Nov 25, 2019 - William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:Demand D = 19,500 units/yearOrdering...
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400...
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year Ordering cost S $25/order Holding cost H $4/unit/year a) The EOQ for the workbooks is ___ (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $___ (round your response to the nearest whole number). c) What are the annual ordering costs? $___ (round your response to the nearest whole number).
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices....
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,800 units. Southeastern estimates its annual holding cost for this item to be $24 per unit. The cost to place and process an order from the supplier is $76. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) What is the economic order...
a) What is the economic order quantity? _______ units (round your response to the nearest whole...
a) What is the economic order quantity? _______ units (round
your response to the nearest whole number).
b) What are the annual holding costs? $_________(round your
response to the nearest whole number).
c) What are the annual ordering costs? $__________ (round
your response to the nearest whole number).
d) What is the reorder point? _______ units (round your
response to the nearest whole number).
Score: 1.5 of 2 pts 10 of 24 (23 complete) w score: 77.62% , 33.38 .....
You are the operations manager of a firm that uses the continuous review inventory control system....
You are the operations manager of a firm that uses the continuous review inventory control system. Suppose the firm operates 252 days a year and has the following characteristics for its primary item: Demand = 25,000 units/year Ordering cost = $33/order Holding cost = $4/unit/year Lead time = 4 days Standard deviation in daily demand = 3 units What is the total holding cost per year, including annual holding cost for safety stock (to the nearest whole number)? (Service...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells low flow toilets to contractors for use in commercial office buildings. The estimated annual demand for the toilets is 5,475 units. The estimated average demand per day is 18 units. The purchase cost from the toilet manufacturer is $135.00 per unit. The lead-time for a new order is 5 days. The ordering cost is $90.00 per order. The average holding cost per unit per...
Johnson Electricals (JE) stocks a certain switch connector (unit cost $125) at its central warehouse for...
Johnson Electricals (JE) stocks a certain switch connector (unit cost $125) at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,000 units. JE estimates its annual holding cost for this item to be 20% of item cost. The cost to place and process an order from the supplier is $75. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. Find...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen...
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $60, carrying cost per lamp is $12 a) What is the EOQ? 142 lamps per order (round your response to the nearest whole number). b) What are the total annual costs of holding and ordering (managing) this inventory? $ 1,697 (round...
4. An assistant manager is reviewing the costs associated with the store's best-selling product. The data...
4. An assistant manager is reviewing the costs associated with the store's best-selling product. The data available is: Demand - 500 units/year Ordering cost- $90/order Holding cost-$1/unit/year a. What is the EOQ and its associated ordering and holding costs? b. If annual demand doubles and the ordering cost is brought down to $80 and holding cost remains at $1, what is the new EOQ and total annual cost?
Bell Computers purchases integrated chips at $350 per chip. The holding cost is $37 per unit...
Bell Computers purchases integrated chips at $350 per chip. The holding cost is $37 per unit per year, the ordering cost is $122 per order and sales are steady at 400 per month. The company's supplier, Rich Blue Chip Manufacturing, Inc., decides to offer price concessions in order to attract larger orders. The price structure is shown below. Rich Blue Chip's Price Structure Quantity Purchased Price/Unit 1-99 units $350 100-199 units $325 200 or more units $300 a) What is...
Problem 12.7 William Beville's computer training school, in Richmond, stocks Workbooks with the following characteristics: Demand D 19,100 units/year Ordering costs $27/order Holding cost H $5/unit/year a) The EOQ for the workbooks is (round your response to the nearest whole number). Enter your answer in the answer box and then click Check Answer. Clear All 2 2 parts remaining Nov 25, 2019 - William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics:Demand D = 19,500 units/yearOrdering...
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,800 units. Southeastern estimates its annual holding cost for this item to be $24 per unit. The cost to place and process an order from the supplier is $76. The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days. a) What is the economic order...
a) What is the economic order quantity? _______ units (round
your response to the nearest whole number).
b) What are the annual holding costs? $_________(round your
response to the nearest whole number).
c) What are the annual ordering costs? $__________ (round
your response to the nearest whole number).
d) What is the reorder point? _______ units (round your
response to the nearest whole number).
Score: 1.5 of 2 pts 10 of 24 (23 complete) w score: 77.62% , 33.38 .....
Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its halogen lamps. It currently buys all halogen lamps from Specialty Lighting Manufacturers, in Atlanta. Annual demand is 2,000 lamps, ordering cost per order is $60, carrying cost per lamp is $12 a) What is the EOQ? 142 lamps per order (round your response to the nearest whole number). b) What are the total annual costs of holding and ordering (managing) this inventory? $ 1,697 (round...
4. An assistant manager is reviewing the costs associated with the store's best-selling product. The data available is: Demand - 500 units/year Ordering cost- $90/order Holding cost-$1/unit/year a. What is the EOQ and its associated ordering and holding costs? b. If annual demand doubles and the ordering cost is brought down to $80 and holding cost remains at $1, what is the new EOQ and total annual cost?
Bell Computers purchases integrated chips at $350 per chip. The holding cost is $37 per unit per year, the ordering cost is $122 per order and sales are steady at 400 per month. The company's supplier, Rich Blue Chip Manufacturing, Inc., decides to offer price concessions in order to attract larger orders. The price structure is shown below. Rich Blue Chip's Price Structure Quantity Purchased Price/Unit 1-99 units $350 100-199 units $325 200 or more units $300 a) What is...
Most questions answered within 3 hours.
-
It is hypothesized that when homing pigeons are disoriented in a
certain manner, they will exhibit...
asked 5 minutes ago -
Describe the steps in Project Planning and Scheduling
WBS
Network Diagram
Developing the Schedule
Preparing the...
asked 6 minutes ago -
What types of evidence are used to reconstruct the history of
ocean chemistry, including changes in...
asked 11 minutes ago -
Assume you are now 21 years old and
will start working as soon as you graduate...
asked 20 minutes ago -
In c++
What does operator overloading allow us to do
?
Why must the << and...
asked 20 minutes ago -
First, a constant force will NOT cause an object to accelerate
faster and faster; it will...
asked 24 minutes ago -
A 4.75 kg crate is suspended from the end of a short vertical
rope of negligible...
asked 34 minutes ago -
develop an automated invoice generator that helps a shop owner
to design their invoice. Problem 1...
asked 42 minutes ago -
2. Binomial Distribution Suppose I have an unfair coin, it lands
on heads 75% of the...
asked 56 minutes ago -
negotiators with absolutely no alternative to a negotiated
agreement sometimes.
a. become hostile and end the...
asked 55 minutes ago -
Write a Verilog program that tests whether a 4-bit input
variable is a Fibonacci number or...
asked 1 hour ago -
MYSQL
Consider the sql statement "select * from t1 UNION t2" where t1
and t2 are...
asked 1 hour ago