1/5Please help me answer this one. Refer to the given picture.Topic: Inventory ManagementInstruction: Analyze the given situation or problem. Type only the answers, solutions, or formulas if necessary. 1. The leading retailer of ready-to-wear clothes plans to sell 640 woolen blazers. Annualcarrying cost is P350 per unit, and ordering cost is P865. The retailer operates 355 days ayear.a. Detemine the optimal order size.b.Find the length of an order cycle.c. Calculate the total annual cost if the EOQ quantity is ordered.

Economic Order Quantity is a method of managing inventory which helps to maintain a lowest cost for…

Answered: 1 Determine the optimal order size.…

Business

Operations Management

1 Determine the optimal order size. .Find the length of an order cycle.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

1/5 Please help me answer this one. Refer to the given picture. Topic: Inventory Management Instruction: Analyze the given situation or problem. Type only the answers, solutions, or formulas if necessary.

1. The leading retailer of ready-to-wear clothes plans to sell 640 woolen blazers. Annual
carrying cost is P350 per unit, and ordering cost is P865. The retailer operates 355 days a
year.
a. Detemine the optimal order size.
b.
Find the length of an order cycle.
c. Calculate the total annual cost if the EOQ quantity is ordered.

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