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Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years. Group of answer choices N*=3 times per year, T* cannot be calculated N*=0.33 times per year, T*= 0.33 weeks N*=17.3 times per year, T*= 3 years N*=3 times per year, T*= 0.33 years N*=3 times per year, T*= 3 years

Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years. Group of answer choices N*=3 times per year, T* cannot be calculated N*=0.33 times per year, T*= 0.33 weeks N*=17.3 times per year, T*= 3 years N*=3 times per year, T*= 0.33 years N*=3 times per year, T*= 3 years

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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Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years.
Group of answer choices
N*=3 times per year, T* cannot be calculated
N*=0.33 times per year, T*= 0.33 weeks
N*=17.3 times per year, T*= 3 years
N*=3 times per year, T*= 0.33 years
N*=3 times per year, T*= 3 years
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