Dara runs a dolphin rescue where she cares for and rehabilitates injured dolphins. To cover her overhead she sells tickets to take pictures with the dolphins. These ticket sales cover costs that include feeding her dolphins. Dara knows that she needs to feed her Dolphins 150,000 fish per year. In order to get the correct fish for dolphin food she has an order lead time of 7 days as well as a holding cost of fish of $20. On top of that Dara incurs. an annual ordering cost of $37. Calculate the order quantity that makes the most financial sense for Dara (EOQ)
Dara runs a dolphin rescue where she cares for and rehabilitates injured dolphins. To cover her overhead she sells tickets to take pictures with the dolphins. These ticket sales cover costs that include feeding her dolphins. Dara knows that she needs to feed her Dolphins 150,000 fish per year. In order to get the correct fish for dolphin food she has an order lead time of 7 days as well as a holding cost of fish of $20. On top of that Dara incurs. an annual ordering cost of $37. Calculate the order quantity that makes the most financial sense for Dara (EOQ)
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Chapter16: Lean Supply Chain Management
Section: Chapter Questions
Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...
Related questions
Question
![Dara runs a dolphin rescue where she cares for and rehabilitates injured
dolphins. To cover her overhead she sells tickets to take pictures with the
dolphins. These ticket sales cover costs that include feeding her dolphins.
Dara knows that she needs to feed her Dolphins 150,000 fish per year. In
order to get the correct fish for dolphin food she has an order lead time of
7 days as well as a holding cost of fish of $20. On top of that Dara incurs
an annual ordering cost of $37. Calculate the order quantity that makes
the most financial sense for Dara (EOQ)
Question 4
1 pts
PJ owns a PB&J business that sells pre packaged PB&J's as a grab and
go item at a food cart in New York City. PJ's demand for his sandwiches
are 104 sandwiches per day and he operates 300 days each year. PJ also
knows that his ordering cost per unit is $5 and his holding cost for each
unit is $10. Lastly his lead time is 4 days to get new sandwiches in.
Calculate at what amount of sandwiches PJ should purchase that will
make the most financial sense. (Round your answer to the nearest
whole number)
ост
19
tv](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb87fcaa6-0477-4ac3-9ad1-0d47320fcdcc%2F9d7d7d18-afdd-439c-953a-49a2333b4d7e%2F0civlq8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Dara runs a dolphin rescue where she cares for and rehabilitates injured
dolphins. To cover her overhead she sells tickets to take pictures with the
dolphins. These ticket sales cover costs that include feeding her dolphins.
Dara knows that she needs to feed her Dolphins 150,000 fish per year. In
order to get the correct fish for dolphin food she has an order lead time of
7 days as well as a holding cost of fish of $20. On top of that Dara incurs
an annual ordering cost of $37. Calculate the order quantity that makes
the most financial sense for Dara (EOQ)
Question 4
1 pts
PJ owns a PB&J business that sells pre packaged PB&J's as a grab and
go item at a food cart in New York City. PJ's demand for his sandwiches
are 104 sandwiches per day and he operates 300 days each year. PJ also
knows that his ordering cost per unit is $5 and his holding cost for each
unit is $10. Lastly his lead time is 4 days to get new sandwiches in.
Calculate at what amount of sandwiches PJ should purchase that will
make the most financial sense. (Round your answer to the nearest
whole number)
ост
19
tv
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