9- the daily demand for a product obeys a normal behavior with a mean of 60 units and a standard deviation of 10 units. The cost per order is $ 12, the cost to hold the inventory is $ 0.60. We consider 365 days of the year and work at a 95% satisfaction level (Z = 1.64). Also, the delivery time is known to be 5 days. What is the safety inventory? %3!

9- the daily demand for a product obeys a normal behavior with a mean of 60 units and a standard deviation of 10 units. The cost per order is $ 12, the cost to hold the inventory is $ 0.60. We consider 365 days of the year and work at a 95% satisfaction level (Z = 1.64). Also, the delivery time is known to be 5 days. What is the safety inventory? %3!

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2.7 A company wants to develop a level production plan for a family of products. The open- ing inventory is 100 units, and an increase to 160 units is expected by the end of the plan. The demand for each period is given in what follows. How much should the company produce each period? What will be the ending inventories in each period? All periods have the same number of working days. Period 1 2 3 4 5 6 Total Forecast Demand 100 120 130 140 120 110 Planned Production Planned 100 Inventory
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A book publishing company is planning its inventory. The cost to store one book is $4 per month. The cost for a production run is $8 per run and $0.50 per book. The company sells 3,600 books per month. How many should be in a production run to minimize inventory costs?
D1.
J2.
A company has annual demand for its product of 800,000 units. Eachunit costs $10. Ordering costs are $400 per order and the annual holdingcost per unit is $0.85.A 0.65% discount is available on all orders of atleast 15,000 units and a 0.75% discount for orders of at least 35,000units.Required:-Calculate the optimum order level to reduce total inventory costs
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39
Price falls from $10 to $5 and quantity rise from 100 units to 150 unifs. Find the elasticity of demand.