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An Electronics parts manufacturer purchases circuit board for manufacturing electronic circuit board at the rate of OMR  20 per piece from a vendor. The requirements of these parts are 1000 per quarterly and the cost per placement of an order is OMR  40 and inventory carrying charges 10 percent yearly.  Calculate the following The EOQ No. of orders in a year, and Time between two successive orders Average yearly cost of Inventory Total inventory cost

An Electronics parts manufacturer purchases circuit board for manufacturing electronic circuit board at the rate of OMR  20 per piece from a vendor. The requirements of these parts are 1000 per quarterly and the cost per placement of an order is OMR  40 and inventory carrying charges 10 percent yearly.  Calculate the following The EOQ No. of orders in a year, and Time between two successive orders Average yearly cost of Inventory Total inventory cost

Practical Management Science
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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An Electronics parts manufacturer purchases circuit board for manufacturing electronic circuit board at the rate of OMR  20 per piece from a vendor. The requirements of these parts are 1000 per quarterly and the cost per placement of an order is OMR  40 and inventory carrying charges 10 percent yearly.  Calculate the following

  1. The EOQ
  2. No. of orders in a year, and
  3. Time between two successive orders
  4. Average yearly cost of Inventory
  5. Total inventory cost
  6. Total Cost
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