52 A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese. What is the estimated economic order quantity for the panela cheese? O98 pounds 19 pounds O 187 pounds 190 pounds 1,872 pounds
52 A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese. What is the estimated economic order quantity for the panela cheese? O98 pounds 19 pounds O 187 pounds 190 pounds 1,872 pounds
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:52
A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each
cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in
inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese.
What is the estimated economic order quantity for the panela cheese?
O98 pounds
O19 pounds
O 187 pounds
190 pounds
O 1,872 pounds
Transcribed Image Text:!!!
51
Total Inventory Value
$900
$800
$700
$600
$500
$400
$300
$200
$100
$-
Jan Feb Mar
Apr May Jun Jul Aug Sep Oct Nov Dec
Total Inventory Value $600 $725 $675 $450 $495 $525 $640 $790 $630 $605 $555 $510
Total Inventory Value
Based on the above diagram, what is the average inventory value for the year?
$525
$675
$550
$600
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