hipra Sharma< 13 / 20QuantityOs Q1s 100100 ≤ Q2Find the Optimal Economic order quantity for the following:Annual Demand - 3600 unitsOrdering Cost - $ 50Cost of Storage - 20% of the unit pricePrice Break:321 Units363 Units316 Units417 UnitsNext>B>>Unit cost (S)20O O 865%46 min 06 secs

Annual demand (D) = 3600 unitsOrdering Cost (S) = $50Storage cost = 20% of unit price

Answered: Find the Optimal Economic order…

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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03) Halifax Souvenir Company currently orders 500 units four times each year. Each order costs $12 and each unit costs $1.20 per year to carry. On average, it takes 5 days to receive an order from the supplier. The company operates 250 days per year. Required: 1. What is the EOQ? 2. Calculate total annual inventory cost under EOQ. 3. What is the current inventory cost? 4. What is the re-order point?
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the ← table below: How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places) Item Code Avg. Inventory (units) 1289 2347 2349 2363 2394 2395 L. Houts Plastics Charlotte Inventory Levels Value Dollar Volume (S/unit) 3.50 6782 7844 8210 8310 9111 360 300 120 65 60 25 222216 20 10 7 4.00 2.50 1.80 1.75 2.25 1.15 2.05 1.60 2.00 3.00 1,200 300 105 23 25 14 18 3,134 % of Dollar Volume 38.29 9.57 3.35 0.73 0.78 0.45 0.57
5. A product whose EOQ is 120 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is: Select one: a. 900 b. 40 c. 360 d. 30 e. 10
41. __________ is the level of competing messages on that medium. A. Clutter B. Reach C. Frequency D. Impact E. Noise 42. ____________ is an example of sales promotion to channel members. A. Product sampling B. Multiple-purchase offer C. Product placement D. Trade show E. Loyalty program 43. A coupon or special offer would contribute to the goal to _______________. A. Interest B. Remind C. Persuade D. Inform E. Action 44. ___________________ is a reason for Coke to invest in promotion. A. To maintain brand loyalty B. To reduce the tendency to switch to other brands C. To maintain corporate identity D. To encourage brand switching from competitors’ customers E. All of these are good reasons for Coke to promote 45. Major responsibilities of PR include __________. A. Gaining product publicity and buzz B. Securing event sponsorship C. Managing a crisis D. Both gaining product publicity and buzz and securing event sponsorship E. Gaining product publicity and buzz ,…
4) Rane Brake Linings gathered information for its brake lining components as presented in the table below. How would the firm classify these items according to an ABC classification system? Initial Information Part # Unit Cost Annual Demand 10 10 200 11 30 125 12 9 100 13 12 5000 14 50 195 15 6 300 16 100 70
If annual demand is 12,000 units, annual holding cost is $15 per unit, and setup cost per order is $25, what is the EOQ lot size?
K Cesar Rego Computers, a Mississippi chain of computer hardware and software retail outlets, supplies both educational and commercial customers with memory and storage devices. It currently faces the following ordering decision relating to purchases of disks: D S I Purchase price Discount price Quantity needed to qualify for the discount = 5,900 disks. What is the EOQ? 36,100 disks $25 22% $0.87 $0.81 EOQ = units (round your response to the nearest whole number). ncorrect

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Find the Optimal Economic order quantity for the following: Annual Demand - 3600 units Ordering Cost-$50 Cost of Storage - 20% of the unit price Price Break: Quantity 0s Q1s 100 100 ≤ Q2 321 Units 363 Units 316 Units 417 Units Next Unit cost (S) 20 18