The Bosch factory in New Bern, NC uses dishwasher motors at a steady rate of 17308 units per year. Bosch procuresthese units from a supplier at a purchase cost of $58 per unit. Bosch receives an order 26 days after it is placed.Regardless of the number of units ordered, Bosch incurs a fixed cost of $2988 for placing, shipping, and receiving theorder. The holding cost per unit per year is 30% of the purchase cost per unit. Assume Bosch operates 364 days, 52weeks, or 12 months per year.Calculate the average time a unit spends in inventory between orders in DAYS for the optimal order quantity from theproblem above.Rounding instructions• Carry your calculations to at least 3 decimal places.• Enter your answer rounded to one decimal place (nearest tenth).

Given the data, Annual demand is 17308 units per year, The fixed cost for placing the order,…

Answered: Calculate the average time a unit…

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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Calculate the average time a unit spends in inventory between orders in DAYS for the optimal order quantity from the problem above.