1. (12-8) Jacqueline’s Sleep store sells water beds and assorted supplies. Her best selling bed, the...
1. (12-8) Jacqueline’s Sleep store sells water beds and assorted supplies. Her best selling bed, the “Comfort King” has an annual demand of 400 units. Ordering costs are $40 while Holding costs are $5 / unit / year. (Show all work for each problem)
a. To minimize the total cost, how many Comfort King beds should be ordered each time an order is placed?
b. If the Holding costs per unit are $6 instead of $5, what would be the optimal order quantity?
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1. (12-8) Jacqueline’s Sleep store sells water beds and assorted
supplies. Her best selling bed, the...
Matthew Liotine's Dream Store sells water beds and assorted supplies.
Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 390 units. Ordering cost is $49; holding cost is $5 per unit per year.a) To minimize the total cost, how many units should be ordered each time an order is placed?
question 2 1) David and Beth Sheba run a health food store. Their top selling item...
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....
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...
A local family sports store sells basketball. The store orders the balls from a manufacturer at...
A local family sports store sells basketball. The store orders the balls from a manufacturer at a cost of $250 per order. The annual holding cost is $6 per unit per year. The purchase price of a basketball is $40 per unit per year. The store has a demand for 48,000 balls per year. The s tock is received 5 working days after an order has been placed. No backorders are allowed. Assume 300 working days a year. a. What...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells...
Here is the first part of the question Task 1. A wholesale distributor stocks and sells low flow toilets to contractors for use in commercial office buildings. The estimated annual demand for the toilets is 5,475 units. The estimated average demand per day is 18 units. The purchase cost from the toilet manufacturer is $135.00 per unit. The lead-time for a new order is 5 days. The ordering cost is $90.00 per order. The average holding cost per unit per...
A North Face retail store in Chicago sells 120 jackets per week. Each jacket costs the...
A North Face retail store in Chicago sells 120 jackets per week. Each jacket costs the store $100 and the company has an annual holding cost of 25 percent. The fixed cost of a replenishment order (including transportation) is $100. The store currently places a replenishment order every month for 500 jackets. What is the annual holding cost? What is the annual ordering cost? What is the annual total cost including the purchasing cost? If the retail store wants to...
A store faces demand for one of its popular products at a constant rate of 2,400...
A store faces demand for one of its popular products at a constant rate of 2,400 units per year. It costs the store $70 to process an order to replenish stock and $20 per unit per year to carry the item in inventory. A shipment from the supplier is typically received 12 working days after an order is placed. The store buys the product for $90 per unit and sells it for $160 per unit. At the moment the store...
13-11) Ray’s Satellite Emporium wishes to determine the optimal order size for its best-selling satellite dish...
13-11) Ray’s Satellite Emporium wishes to determine the optimal order size for its best-selling satellite dish (Model TS111). Ray has estimated the monthly demand for this model to be 404 units. This model costs Ray $347 to purchase from his supplier. His annual cost to carry inventory is 20% and he estimates that orders cost $42 to process. a) What is the optimal order quantity? b) On average, how many satellite dishes are in inventory? c) What is the annual...
23. (10 points) An electronics store sells tablets and laptops that are currently supplied by two...
how
do you get these answers?
23. (10 points) An electronics store sells tablets and laptops that are currently supplied by two different manufacturers in Asia. They are considering aggregating these orders by obtaining both products from a single supplier who will charge $10,000 per delivery. Annual holding costs are 25%. The monthly demand and unit cost for each product are summarized below. Tablets Laptops Monthly Demand 12,000 5000 Unit Cost of Product $100 $400 If you aggregate all products,...
A local store sells toilet paper to people in the surrounding communities. The demand for the...
A local store sells toilet paper to people in the surrounding communities. The demand for the toilet paper has been increasing and management needs to ensure that enough rolls are available to meet the increasing demand. The daily demand for the toilet paper is 400 rolls. The store operates 250 days per year. The following information is also available about the product. The cost of each roll……………………….…..$2. Ordering costs………………………………..……$100 per order Annual holding costs per unit…………… 10% of the costs...
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....
A store faces demand for one of its popular products at a constant rate of 2,400 units per year. It costs the store $70 to process an order to replenish stock and $20 per unit per year to carry the item in inventory. A shipment from the supplier is typically received 12 working days after an order is placed. The store buys the product for $90 per unit and sells it for $160 per unit. At the moment the store...
how
do you get these answers?
23. (10 points) An electronics store sells tablets and laptops that are currently supplied by two different manufacturers in Asia. They are considering aggregating these orders by obtaining both products from a single supplier who will charge $10,000 per delivery. Annual holding costs are 25%. The monthly demand and unit cost for each product are summarized below. Tablets Laptops Monthly Demand 12,000 5000 Unit Cost of Product $100 $400 If you aggregate all products,...
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