A company sells a product which annual demand is 1,500 units. Carrying cost is estimated to...
A company sells a product which annual demand is 1,500 units. Carrying cost is estimated to be 2 per unit per year and the ordering cost is 16 per order. Compute the EOQ.
Homework Answers
Add Answer to:
A company sells a product which annual demand is 1,500 units.
Carrying cost is estimated to...
Question 10 ( Fill in the blank ) A company sells a product which annual demand...
Question 10 ( Fill in the blank ) A company sells a product which annual demand is 600 units. Carrying cost is estimated to be 2 per unit per year and the ordering cost is 10 per order. Compute the EOQ.
1 - the annual demand for product 15600 units the weekly demand is 280 units with...
1 - the annual demand for product 15600 units the weekly demand is 280 units with a standard deviation 90 units the cost to place an order is $31.00 and the time from order to receipt is 4 weeks the annual inventory carrying cost is $0.10 per unit A- what is the EOQ quantity? B- from the information above what is the reorder point maintain a 95% service level? 2 - the weekly demand is 200 units the cost to...
A company decides to establish an EOQ for an item. The annual demand is 400,000 units,...
A company decides to establish an EOQ for an item. The annual demand is 400,000 units, each costing $8, ordering costs are $32 per order, and inventory-carrying costs are 20%. Calculate the following: a. The EOQ in units b. Number of orders per year c. Cost of ordering d. Cost of carrying inventory e. Total Cost
A company decides to establish an EOQ for an item. The annual demand is 25,000 units,...
A company decides to establish an EOQ for an item. The annual demand is 25,000 units, each unit costing $10, ordering cost is $40 per order, and inventory-carrying cost rate is 20%. Annual carrying cost is: Select one: O A. $2000 B. $1548 OC. $1342 O D. $948 O E. None of thenm
A product has a demand of 436 units per month. Ordering cost is $20, and holding...
A product has a demand of 436 units per month. Ordering cost is $20, and holding cost is $4 per unit per year. The EOQ model is appropriate. The total management cost (holding and setup costs only) for this product will be per year. demand 436 per month order cost $20 per order holding cost $4 per unit per year Excel Access QUESTION 29 A drone company builds its own motors, which are then put into each drone. While the...
A company that sells different models of socks, faces an annual demand of 10,000 units of its main model. The cost of is...
A company that sells different models of socks, faces an annual demand of 10,000 units of its main model. The cost of issuing a purchase order is $ 50 and it has been estimated that the cost of unit storage of the product for one year is $ 2.5. Assume that the provider takes a long time to fill a 7 days order, and the company wants a 5 day security inventory. With a 360-day year, determine: a) The economic...
Please be clear with the steps of the solution roblem (4: a- A Tayyar company sells...
Please be clear with the steps of the solution
roblem (4: a- A Tayyar company sells Motor casings to other manufacturers, would like to uce its inventory cost by determining the optimal number of Motor casings to obtain per order. The annual demand is 10,000 units, the ordering cost is $ 100 per order and the average carrying cost per unit per year is $ 5.0. 1- Calculate the optimal number of units per order. 2- The relevant total annual...
Smith's Florist popular flower bouquet has a weekly demand of 40 units. Each bouquet is sold...
Smith's Florist popular flower bouquet has a weekly demand of 40 units. Each bouquet is sold for $100. The ordering cost is $60 per order. The carrying cost is 30% of the selling price per unit per year. The store operates 50 weeks a year. Required: i. Compute the Economic Order Quantity (EOQ) ii. What is the total annual carrying cost this year? iii. What is the time between orders (i.e. length of an order cycle) in weeks using EOQ.
determine the EOQ when the annual demand is 250000 the carrying cost her unit is 30...
determine the EOQ when the annual demand is 250000 the carrying cost her unit is 30 and ordering cost 750.if the warehouse constrain can only hold 7500 units.if the order is constrained by this what is the annual cost
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand =...
Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 28 units per day Average lead time = 43 days Item unit cost = $63 for orders of less than 330 units Item unit cost = $62 for orders of 330 units or more Ordering cost = $38 Inventory carrying cost = 20% The business year is 250 days Assume there is no uncertainty at all about the demand or the lead time. a....
A company decides to establish an EOQ for an item. The annual demand is 25,000 units, each unit costing $10, ordering cost is $40 per order, and inventory-carrying cost rate is 20%. Annual carrying cost is: Select one: O A. $2000 B. $1548 OC. $1342 O D. $948 O E. None of thenm
A product has a demand of 436 units per month. Ordering cost is $20, and holding cost is $4 per unit per year. The EOQ model is appropriate. The total management cost (holding and setup costs only) for this product will be per year. demand 436 per month order cost $20 per order holding cost $4 per unit per year Excel Access QUESTION 29 A drone company builds its own motors, which are then put into each drone. While the...
Please be clear with the steps of the solution
roblem (4: a- A Tayyar company sells Motor casings to other manufacturers, would like to uce its inventory cost by determining the optimal number of Motor casings to obtain per order. The annual demand is 10,000 units, the ordering cost is $ 100 per order and the average carrying cost per unit per year is $ 5.0. 1- Calculate the optimal number of units per order. 2- The relevant total annual...
Most questions answered within 3 hours.
-
A statistics student finds herself struggling with a newspaper
article stating that only eighteen percent of...
asked 18 minutes ago -
People with beriberi, a disease caused by a thiamin deficiency,
have elevated levels of blood pyruvate...
asked 4 minutes ago -
PYTHON Programming Exercise 2: Create a Simple Cost Calculator
Write a program that displays input fields...
asked 10 minutes ago -
1.Seki agreed that Groupon could sell 18 hot air
balloon rides on his Magical Adventures company...
asked 11 minutes ago -
A cohort study is conducted to determine whether smoking is
associated with an increased risk of...
asked 17 minutes ago -
Create the pseudo-code/flowchart for an application class named
Monogram. Its main() method inputs three variables that...
asked 17 minutes ago -
How many liters of water are required to dissolve 1.00 g of
silver chromate? Express your...
asked 20 minutes ago -
Hot: T_inlet = 80, T_out = 65
Cold: T_inlet = 10, T_out = 25
Explain in...
asked 21 minutes ago -
Two protons fly in different directions and collide. They both
have a total energy of 1.5...
asked 30 minutes ago -
What is the oxidation number of each atom in sodium phosphate,
Na3PO4?
>>> SHOW YOUR WORK...
asked 36 minutes ago -
D company purchased goods with a list price of $60000, subject
to trade discounts of 20%...
asked 39 minutes ago -
Transposable elements make up more than 40% of the human genome
and are inserted more-or-less randomly...
asked 50 minutes ago