INVENTORY MANAGEMENT 6. Piped Piper has projected sales of 72,000 pipes this year, ordering cost of P6 per order, and carrying costs of P2.40 per pipe. a. What is the economic ordering quantity? b. Total inventory cost at EOQ. c. How many orders will be placed during the year? d. What will the average inventory be?
INVENTORY MANAGEMENT 6. Piped Piper has projected sales of 72,000 pipes this year, ordering cost of P6 per order, and carrying costs of P2.40 per pipe. a. What is the economic ordering quantity? b. Total inventory cost at EOQ. c. How many orders will be placed during the year? d. What will the average inventory be?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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Transcribed Image Text:INVENTORY MANAGEMENT
6. Piped Piper has projected sales of 72,000 pipes this year, ordering cost of P6 per order, and carrying costs of P2.40
per pipe.
a. What is the economic ordering quantity?
b. Total inventory cost at EOQ.
c. How many orders will be placed during the year?
d. What will the average inventory be?
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