Hi could you help solve 12.8. Thanks **Problems 12.7–12.40 relate to Inventory Models for Independent Demand****12.7** William Beville’s computer training school, in Richmond, stocks workbooks with the following characteristics:- Demand $D = 19,500$ units/year- Ordering cost $S = \$25$/order- Holding cost $H = \$4$/unit/yeara) Calculate the EOQ for the workbooks.b) What are the annual holding costs for the workbooks?c) What are the annual ordering costs?**12.8** If $D = 8,000$ per month, $S = \$45$ per order, and $H = \$2$ per unit per month,a) What is the economic order quantity?b) How does your answer change if the holding cost doubles?c) What if the holding cost drops in half?**12.9** Henry Crouch’s law office has traditionally ordered ink refills 60 units at a time. The firm estimates that carrying cost is 40% of the \$10 unit cost and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply.a) For what value of ordering cost would its action be optimal?b) If the true ordering cost turns out to be much greater than your answer to (a), what is the impact on the firm’s ordering policy?**12.10** Matthew Liotine’s Dream Store sells beds and assorted supplies. His best-selling bed has an annual demand of 400 units. Ordering cost is \$40; 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?b) If the carrying cost per unit was \$6 instead of \$5, what would be the impact on the EOQ?

Economic order quantity is the optimal quantity that the business needs to buy the inventory to…

12.8 If D = 8,000 per month, S = $45 per order, and %3D H= $2 per unit per month, a) What is the economic order quantity? b) How does your answer change if the holding cost doubles? c) What if the holding cost drops in half? PX %3D danod ink 11

12.8 If D = 8,000 per month, S = $45 per order, and %3D H= $2 per unit per month, a) What is the economic order quantity? b) How does your answer change if the holding cost doubles? c) What if the holding cost drops in half? PX %3D danod ink 11

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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