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Company XYZ follows fixed order quantity model for Inventory planning. Annual Demand for the product is 1000 units; Cost per Order is $5, Inventory carrying cost per unit is $ 1.25, Lead time for procurement is 5 days and Cost per item is $ 12.5. With the given data calculate: a. EOQ-Economic Order Quantity b. Reorder Quantity c. Total cost of Inventory (answer by file attachment options)

Company XYZ follows fixed order quantity model for Inventory planning. Annual Demand for the product is 1000 units; Cost per Order is $5, Inventory carrying cost per unit is $ 1.25, Lead time for procurement is 5 days and Cost per item is $ 12.5. With the given data calculate: a. EOQ-Economic Order Quantity b. Reorder Quantity c. Total cost of Inventory (answer by file attachment options)

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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Company XYZ follows fixed order quantity model for Inventory planning. Annual Demand for the product is 1000 units; Cost per Order is $5, Inventory carrying cost per unit is $ 1.25, Lead time for procurement is 5 days and Cost per item is $ 12.5. With the given data calculate: a. EOQ-Economic Order Quantity b. Reorder Quantity c. Total cost of Inventory (answer by file attachment options)
Transcribed Image Text:Company XYZ follows fixed order quantity model for Inventory planning. Annual Demand for the product is 1000 units; Cost per Order is $5, Inventory carrying cost per unit is $ 1.25, Lead time for procurement is 5 days and Cost per item is $ 12.5. With the given data calculate: a. EOQ-Economic Order Quantity b. Reorder Quantity c. Total cost of Inventory (answer by file attachment options)
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