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1- If annual demand is 50,000 units, the ordering cost is $25 per order and the...
Hami Company sells school ba gs and the annual demand is estima bags. The ordering cost is RM 36 per order and the h...
Hami Company sells school ba gs and the annual demand is estima bags. The ordering cost is RM 36 per order and the holding cost per is 7% of the unit cost. The cost of each bag is normally RM 40 The supplier offers the following discounts to Hami Company: Order Quantity Discount Unit Cost Below 100 units None RM 40.00 7% RM 37.20 200 units or more (15 Marks) a) What would be the optimal order quantity? (15 Marks)...
demand for popsicles is 600 units per year with an ordering cost of $20 per day...
demand for popsicles is 600 units per year with an ordering cost
of $20 per day and a holding cost of $1.35 per unit per year. What
is the total annual cost at the optimal behavior given the
following price breaks? You pay $5.00 per unit for 1 to 49 units.
$4.5 per unit for 50 to 249 units and $4.1 per unit for 250units or
up
Remaining Time: 1 hour, 13 minutes. 08 seconds Question Completion State Moving to...
Annual demand for educational toys in the city of Lambert is 1,200 units. The fixed ordering...
Annual demand for educational toys in the city of Lambert is 1,200 units. The fixed ordering cost is $41, and the holding cost is known to be always $2 per unit per year regardless of unit price. The contract offered by the supplier is an all-units discount and consists of the following price schedule: Quantity Unit Price 1 to 199 $ 27 200 to 299 $ 26 300 to 399 $ 25 400 or more $ 24 What are the...
Given the following information, what is the Total Annual Cost when ordering and holding costs only...
Given the following information, what is the Total Annual Cost when ordering and holding costs only are taken into consideration? Annual Demand 15,000 Order Quantity 500 Order Cost $30 per order Holding Cost 20% per unit per year Unit Cost 25
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 firm has been ordering a certain item 600 units at a time. The firm...
A firm has been ordering a certain item 600 units at a time. The firm estimates that ordering cost is $200/order, and that annual demand is 1800 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of holding cost (H: avg $cost of holding one piece for 1 year) would their ordering policy (600 units per order) be economically optimal (be the EOQ)? EOQ = Sq Root[(2D*S)/H] Where: D...
Demand for the Deskpro computer at Best Buy is 1,000 units per month. Best Buy incurs...
Demand for the Deskpro computer at Best Buy is 1,000 units per month. Best Buy incurs a fixed order placement, transportation, and receiving cost of $4,000 each time an order is placed. Each computer costs Best Buy $500 and the retailer has a holding cost of 20 percent. The store manager orders in lots of 200 units for each replenishment order. Calculate: 1. The number of times the manager should place an order (order frequency) to meet the annual demand. 2. The...
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...
The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost...
The annual demand for an item is 10,000 units. The cost to process an order is $75 and the annual inventory holding cost is 20% of item cost. 1. What is the optimal order quantity, given the following price breaks for purchasing the item? 2. What price should the firm pay per unit? 3. What is the total annual cost at the optimal behavior? Quantity Price 1-9 $2.95 per unit 10 - 999 $2.50 per unit 1,000 - 4,999 $2.30...
A certain type of computer costs $ 1,145 and the annual holding cost is 25% of...
A certain type of computer costs $ 1,145 and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 units, and the order cost is $111 per order. What is the optimal order quantity? Product cost holding cost at % of price Annual Demand order cost $1,145 per unit 25% 10,000 units per year $111 per order Excel Access
Hami Company sells school ba gs and the annual demand is estima bags. The ordering cost is RM 36 per order and the holding cost per is 7% of the unit cost. The cost of each bag is normally RM 40 The supplier offers the following discounts to Hami Company: Order Quantity Discount Unit Cost Below 100 units None RM 40.00 7% RM 37.20 200 units or more (15 Marks) a) What would be the optimal order quantity? (15 Marks)...
demand for popsicles is 600 units per year with an ordering cost
of $20 per day and a holding cost of $1.35 per unit per year. What
is the total annual cost at the optimal behavior given the
following price breaks? You pay $5.00 per unit for 1 to 49 units.
$4.5 per unit for 50 to 249 units and $4.1 per unit for 250units or
up
Remaining Time: 1 hour, 13 minutes. 08 seconds Question Completion State Moving to...
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 certain type of computer costs $ 1,145 and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 units, and the order cost is $111 per order. What is the optimal order quantity? Product cost holding cost at % of price Annual Demand order cost $1,145 per unit 25% 10,000 units per year $111 per order Excel Access
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