(O Minimum Ap6ci Q.2 (6 marks) (CLO 2) Amna solle beauty supplies Her annual demand for...
question 2
1) David and Beth Sheba run a health food store. Their top selling item is called Heavenly Kelp. The annual demand for this is 810 units, and demand is constant throughout the year. The cost of placing an order is $20, while the holding cost per unit per year is $4. Determine the economic order quantity a) 80 b) 90 c) 360 d ) 180 e) None of these (Question 2 and 3) Ivonne Callen sells beauty supplies....
Case 2: Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother's hardware store, is in charge of purchasing. She estimates that it costs $10 every time an order is placed. This cost includes her wages, the cost of the forms used in placing the order, and so on. Furthermore, she estimates that the cost of carrying one screw in inventory for a year is one-half of 1 cent....
manufacturing plng/ control
1. Suppose that your company sells a product for which the annual demand is 10,000 units. Holding costs are $1.00 per unit per year, and setup costs are $200 per order (a) What is the economic order quantity for your product? (b) What will be the annual total cost holding and ordering? 2. A company has currently 100 workers. A worker works 40 hours a week, and can at most work 20 hours of overtime per week....