Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the duration of a cycle (in days) associated with the EOQ? Greater than or equal to 6 and less than or equal to 10 Greater than or equal to 58 and less than or equal to 68 Greater than or equal to .001 and less than or equal to 3 Greater than or equal to 18 and less than or equal to 28
Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the duration of a cycle (in days) associated with the EOQ? Greater than or equal to 6 and less than or equal to 10 Greater than or equal to 58 and less than or equal to 68 Greater than or equal to .001 and less than or equal to 3 Greater than or equal to 18 and less than or equal to 28
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question 3
Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is
ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at
$44, while the annual inventory holding cost is 22%. Orders are received two working days after an
order is placed. The office operates 52 weeks per year, 5 days per week.
What is the duration of a cycle (in days) associated with the EOQ?
Greater than or equal to 6 and less than or equal to 10
Greater than or equal to 58 and less than or equal to 68
Greater than or equal to .001 and less than or equal to 3
Greater than or equal to 18 and less than or equal to 28
4 pts
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Next
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Transcribed Image Text:Question 3
Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is
ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at
$44, while the annual inventory holding cost is 22%. Orders are received two working days after an
order is placed. The office operates 52 weeks per year, 5 days per week.
What is the duration of a cycle (in days) associated with the EOQ?
Greater than or equal to 6 and less than or equal to 10
Greater than or equal to 58 and less than or equal to 68
Greater than or equal to .001 and less than or equal to 3
Greater than or equal to 18 and less than or equal to 28
4 pts
< Previous
Next
VI
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