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Problem 14-21 (Algorithmic) Apply the EOQ model to the following quantity discount situation in which D...
Suppose that Westside Auto, a manufacturer of automobile generators with D = 13,000 units per year,...
Suppose that Westside Auto, a manufacturer of automobile generators with D = 13,000 units per year, Ch = (2.00) (0.20) = $0.40, and Co = $25, decided to operate with a backorder inventory policy. Backorder costs are estimated to be $5 per unit per year. Identify the following. (Assume 250 working days per year. Round your answers to two decimal places.) (a)Minimum cost order quantity (b)Maximum number of backorders (c)Maximum inventory (d)Cycle time (in days)-----days (e)Total annual cost (in $)------$ ...
2. Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units,...
2. Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, ordering costs are $20 per order, and the annual holding cost rate is 25%, what order quantity would you recommend? Order size Discount (%) Unit cost ($) 0 - 49 0 30.00 50 - 99 5 28.50 100 or more 20 27.00
Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, order...
Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, order costs are $20 per order, and the annual holding cost is 25% of price, what order quantity would you recommend? Order Size Unit Cost 0 to 49 $30.00 50 to 99 $28.50 100 or more $27.00
In the Quantity Discount EOQ inventory model, which of the following items is NOT considered relevant...
In the Quantity Discount EOQ inventory model, which of the following items is NOT considered relevant in determining the lowest cost order quantity? A. The cost of placing an order. B. The individual purchase price of an item of inventory. C. The cost of carrying an item in inventory. D. The variability of demand during lead time. E. The annual demand for the product.
The economic order quantity (EOQ) model is a classical model used for controlling inventory and s...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
. Assume that the following quantity discount schedule applies: Order Size Discount Unit Cost 0 to...
. Assume that the following quantity discount schedule applies: Order Size Discount Unit Cost 0 to 999 0% $150 Over 999 $5 per unit $145 Annual demand is 5000 units, ordering cost is $ 400 per order, and inventory holding cost is 10% of the cost of goods. What is the optimal quantity to order? What will be the Inventory Cost?
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling in...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying...
The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed. Suppose we relax the first assumption and...
Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1065...
Quantity Discount: Consider a quantity discount problem where the yearly demand for the product is 1065 units, the ordering cost is $30, the holding cost is 49% of the purchase price, and the price depends on the quantity as follows: Quantity Ordered Purchase Price % 0 to 199 units $69 each 200 to 4999 units $45 each 5000 or more $38 each If the adjusted EOQ is 619 for the quantity range, 200 to 4999 units, what is the annual...
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook...
Please answer and show all work .
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook. Suppose, however, that the constraint SO -0.8 is added to the model, where O is the order quantity and Sis the inventory level just after a batch of O units is added to inventory. Derive the expression for the optimal value of O, using the result for this model that the total cost per unit time...
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost, and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages arc allowed. Suppose we relax the first assumption and...
Problem 13-9 The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are: only a single item is considered; the entire quantity ordered arrives at one time; the demand for the item is constant over time; no shortages are allowed Suppose we relax the first assumption and allow for multiple...
Please answer and show all work .
Problem 8 Consider the EOQ model with planned shortages as presented in Sec. 18.3 of the textbook. Suppose, however, that the constraint SO -0.8 is added to the model, where O is the order quantity and Sis the inventory level just after a batch of O units is added to inventory. Derive the expression for the optimal value of O, using the result for this model that the total cost per unit time...
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