ZuoTi.Pro
Question

Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand...

Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand for rice is very consistent 200 pounds per month. RIM orders the rice from a distributor in India at an ordering cost of $50 per order. Rice costs $5 per pound, and annual carrying charge is 15%. Answer questions 3-7 below based on this information.

3. The EOQ is? (round up to the nearest whole number)
a. 566 pounds
b. 164 pounds
c. 163 pounds
d. 26667 pounds
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

EOQ=

the square root of:

[(2 times annual usage in units times order cost)

divided by annual carrying cost per unit]

so: 2*2400*$50=240000 divided by .75             (5*15%=.75)

=320000

don't forget to take the square root!

√320000=566 pounds

0 0
Add a comment
Know the answer?
Add Answer to:
Rajesh Indian Market (RIM) is open 12 months out of the year. At RIM, the demand...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells...

    A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day.​ (Demand can be assumed to be distributed normally with a standard deviation of 16 pounds per​ day). After ordering​ (fixed cost​ = ​$14 per​ order), beans are always delivered from Hawaii in exactly 4 days.​ Per-pound annual holding costs for the beans are ​$3. Refer to the standard normal tableLOADING... for​ z-values. ​a)...

  • A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells...

    A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day. (Demand can be assumed to be distributed normally, with a standard deviation of 15 pounds per day.) After ordering (Fixed cost=$16 per order), beans are always shipped from Hawaii within exactly four days. Per-pound annual holding costs for the beans are $3. a) What is the EOQ for Kona Coffee Beans? b) What...

  • Need it done ASAP QUESTION 23 A gourmet coffe shop in downtown San Francisco is open...

    Need it done ASAP QUESTION 23 A gourmet coffe shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffe beans a day. (Demand can be assumed to be distributed normally, with a standard deviation of 15 pounds per day.) After ordering (fixed cost S16 per order), beans are always shipped from Hawai within exactly 4 days. Per pound annual holding costs for the beans are $3, What is the...

  • can someone help me figure out where to input the numbers on the excel sheet to...

    can someone help me figure out where to input the numbers on the excel sheet to figure out the carrying cost for question 1 and 2. * Question Completion Status: QUESTION 1 SCENARIO A Acme retail inc. wants to import shampoo from Brazil. The daily demand at Acme stores for shampoo is 1800 bottles per day with a standard deviation of 550. Acme is considering two suppliers to source from. Option 1) Amazon Products Inc. will charge $5 per bottle,...

  • Case 12 The Interface between Demand Management and Production Strategies at TractParts Abhishek Shinde' and Dileep More Mr. Alex is the head of operations at TractParts Prt. Ltd, a well known In...

    Case 12 The Interface between Demand Management and Production Strategies at TractParts Abhishek Shinde' and Dileep More Mr. Alex is the head of operations at TractParts Prt. Ltd, a well known Indian manufacturer of pumps, engines, electrie motors, and transformers. The company is one of India's eariest industrial groups, established in 1980, which has grown to become a big plaver within Indian manufacturing Under the supervision of Mr. Alex, TractParts has been supplying modern tractor engines to leading tractor manu...

  • 2) What were some of the key challenges they encountered? How did they overcome them? 3)...

    2) What were some of the key challenges they encountered? How did they overcome them? 3) What were some of the key takeaways they learned to use in the future? When I assumed the leadership of Heinz’s Asia/Pacific business, in 1993, the company’s revenues from that part of the world were hardly a blip—and I’d never visited most of the countries in the region. I made my first trip there soon after I took the job, and it really opened...

  • I need help with this questions that are highlighter in the article please. CONTINUED (REFER TO...

    I need help with this questions that are highlighter in the article please. CONTINUED (REFER TO PAGE 274) Starbucks Takes Coffee Culture Around the World arbucks has also been successful in other European countries, of the city's heritage and identity. The French prefer dark espresso including the United Kingdom and Ireland. This success comes and the conventional wisdom is that Americans don't know what despite competition from local riva's such as Ireland's Insomnia Coffee good coffee is. As one Frenchman...

  • Read about Cokes strategy in Africa in the article below and discuss the ethics of selling...

    Read about Cokes strategy in Africa in the article below and discuss the ethics of selling soft drinks to very poor people. Is this an issue that a company like Coke should consider? Africa: Coke's Last Frontier Sales are flat in developed countries. For Coke to keep growing, Africa is it By Duane Stanford Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT