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5. A electric company uses 4000 switches a year. Switches are priced as follows: 1 to...
Superior Electric uses 4,000 toggle switches a year. Switches are priced as follows: 1) 1 - 499 for $0.90 each, 5...
Superior Electric uses 4,000 toggle switches a year. Switches are priced as follows: 1) 1 - 499 for $0.90 each, 500 - 999 for $0.85 each, and 1,000 or more for $0.82 each. It costs approximately $18 to prepare an order and receive it, and carrying costs are 18% of purchase price per unit on an annual basis. Determine the optimum order quantity and the total annual cost.
An aircraft company uses rivets at an approximate demand rate of 2,500 kg per year. Each...
An aircraft company uses rivets at an approximate demand rate of 2,500 kg per year. Each unit costs $ 30 per kg and the company personnel estimate that it costs $130 to place an order and that the carrying cost of inventory is 10 % per year. How frequently should orders for rivets be placed? Determine the optimum size of each order? Find EOQ, Order frequency T, Number of orders N and TC
Mayer, Inc. predicts it will use 63,000 units of material during the year. The expected daily...
Mayer, Inc. predicts it will use 63,000 units of material during the year. The expected daily usage is 500 units, and there is an expected lead time of five days and the desired safety stock of 1,500 units. The material is expected to cost $5 per unit. Mayer anticipates it will cost $194.45 to place each order. The annual carrying cost is $.50 per unit. Required: Compute the order point. Determine the most economical order quantity by use of the...
1. Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory...
1. Sony Electronics hires Mr. Mark Gunther of Brockhart & Kaitlin in order to manage inventory operations. Sony has a supplier that produces electronic circuit boards for its TV sets. Sony currently pays $200 for each circuit card, and consumes an estimated 30,000 cards in a year. It costs Sony $600 to place an order to its supplier. The unit inventory holding cost is estimated to be equal to 30% of the purchasing price. The supplier Sony Electronics uses (in...
3. Calculate the total cost of Orueng all calling utullu P2-2 Economic Order Quantity; Ordering and...
3. Calculate the total cost of Orueng all calling utullu P2-2 Economic Order Quantity; Ordering and Carrying Costs LO1 Mayer, Inc. predicts it will use 63,000 units of material during the year. The expected daily usage is 500 units, and there is an expected lead time of five days and a desired safety stock of 1,500 units. The material is expected to cost $5 per unit. Mayer anticipates it will cost $194.45 to place each order. The annual carrying cost...
ABC, Co. uses 315 boxes of file folders per year. The price is $7.25 per box...
ABC, Co. uses 315 boxes of file folders per year. The price is $7.25 per box for an order size of 249 boxes or less. For orders of 250 to 999, the price is $7.00 per box. Carrying cost is 20% of the unit price, and ordering costs are $10 per order. How many boxes should they order each time (round to the nearest integer)? A. 157 B. 250 C. 66 D. 57 A product has demand during lead time...
Shorty Corporation uses 1,452 of Part 34B each week. For simplicity’s sake it places an order...
Shorty Corporation uses 1,452 of Part 34B each week. For simplicity’s sake it places an order for the amount every Monday so that it receives the order by the start of the following week. A recent analysis of the company’s costs has determined that the carrying costs for unit of inventory is $8.54 per item of inventory and that it costs an average of $560 to place an order. 1. What is the optimal size of an order? (i-e, What...
Use the following information to answer questions 17-20. A large hospital uses a certain intravenous solution...
Use the following information to answer questions 17-20.
A large hospital uses a certain intravenous solution that it
maintains in inventory. Assume the hospital uses reorder point
method to control the inventory of this item. Pertinent data about
this item are as follows:
------------------------------------------------------------
Forecast of demanda = 1,000 units per week
Forecast errora, std. dev. =100 units per week
Lead time = 4 weeks
Carrying cost = 25 % per year
Purchase price, delivered = $52 per unit
Replenishment...
A company producing personal computers supplies various components from its suppliers and operates 52 weeks per...
A company producing personal computers supplies various components from its suppliers and operates 52 weeks per year. A particular component is needed at the rate of 100 items per week. The company's inventory holding rate for this component is 20%. The administrative rate to place an order of any size to the manufacturer costs $50. The manufacturer, however, tries to have orders of larger size and comes up with the following discount policy Quantity purchased Price per unit 1 to...
A company producing personal computers supplies various components from its suppliers and operates 52 weeks per...
A company producing personal computers supplies various components from its suppliers and operates 52 weeks per year. A particular component is needed at the rate of 100 items per week. The company’s inventory holding rate for this component is 20%. The administrative rate to place an order of any size to the manufacturer costs $50. The manufacturer, however, tries to have orders of larger size and comes up with the following discount policy Discount category 1 2 3 Quantity purchased...
Superior Electric uses 4,000 toggle switches a year. Switches are priced as follows: 1) 1 - 499 for $0.90 each, 500 - 999 for $0.85 each, and 1,000 or more for $0.82 each. It costs approximately $18 to prepare an order and receive it, and carrying costs are 18% of purchase price per unit on an annual basis. Determine the optimum order quantity and the total annual cost.
3. Calculate the total cost of Orueng all calling utullu P2-2 Economic Order Quantity; Ordering and Carrying Costs LO1 Mayer, Inc. predicts it will use 63,000 units of material during the year. The expected daily usage is 500 units, and there is an expected lead time of five days and a desired safety stock of 1,500 units. The material is expected to cost $5 per unit. Mayer anticipates it will cost $194.45 to place each order. The annual carrying cost...
Use the following information to answer questions 17-20.
A large hospital uses a certain intravenous solution that it
maintains in inventory. Assume the hospital uses reorder point
method to control the inventory of this item. Pertinent data about
this item are as follows:
------------------------------------------------------------
Forecast of demanda = 1,000 units per week
Forecast errora, std. dev. =100 units per week
Lead time = 4 weeks
Carrying cost = 25 % per year
Purchase price, delivered = $52 per unit
Replenishment...
A company producing personal computers supplies various components from its suppliers and operates 52 weeks per year. A particular component is needed at the rate of 100 items per week. The company's inventory holding rate for this component is 20%. The administrative rate to place an order of any size to the manufacturer costs $50. The manufacturer, however, tries to have orders of larger size and comes up with the following discount policy Quantity purchased Price per unit 1 to...
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