Need some help with part D please! M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 235 units, and this is constant throughout the year. Carrying cost is estimated to be $0.75 per unit per year, and the ordering (setup) cost is $19 per order.a) To minimize cost, how many units should be ordered each time an order is placed? **109** units (round your response to two decimal places).b) How many orders per year are needed with the optimal policy? **2.16** orders (round your response to two decimal places).c) What is the average inventory if costs are minimized? **54.5** units (round your response to two decimal places).d) Suppose that the ordering (setup) cost is not $19, and Cotteleer has been ordering 125 units each time an order is placed. For this order policy (of Q = 125) to be optimal, the ordering (setup) cost would have to be $[blank] (round your response to two decimal places).

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M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into re annual demand of 235 units, and this is constant throughout the year. Carrying cost is estimated to be $0.75 per a) To minimize cost, how many units should be ordered each time an order is placed? 109 units (round your res b) How many orders per year are needed with the optimal policy? 2.16 orders (round your response to two deci c) What is the average inventory if costs are minimized? 54.5 units (round your response to two decimal places d) Suppose that the ordering (setup) cost is not $19, and Cotteleer has been ordering 125 units each time an ord ordering (setup) cost would have to be $ (round your response to two decimal places).

M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into re annual demand of 235 units, and this is constant throughout the year. Carrying cost is estimated to be $0.75 per a) To minimize cost, how many units should be ordered each time an order is placed? 109 units (round your res b) How many orders per year are needed with the optimal policy? 2.16 orders (round your response to two deci c) What is the average inventory if costs are minimized? 54.5 units (round your response to two decimal places d) Suppose that the ordering (setup) cost is not $19, and Cotteleer has been ordering 125 units each time an ord ordering (setup) cost would have to be $ (round your response to two decimal places).

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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Need some help with part D please!

M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 235 units, and this is constant throughout the year. Carrying cost is estimated to be $0.75 per unit per year, and the ordering (setup) cost is $19 per order.

a) To minimize cost, how many units should be ordered each time an order is placed? **109** units (round your response to two decimal places).

b) How many orders per year are needed with the optimal policy? **2.16** orders (round your response to two decimal places).

c) What is the average inventory if costs are minimized? **54.5** units (round your response to two decimal places).

d) Suppose that the ordering (setup) cost is not $19, and Cotteleer has been ordering 125 units each time an order is placed. For this order policy (of Q = 125) to be optimal, the ordering (setup) cost would have to be $[blank] (round your response to two decimal places).

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Step 2: a) Determine the optimal order quantity.

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Step 3: b) Determine the number of orders per year.

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Step 4: c) Determine the average inventory:

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Step 5: d) Calculate the ordering cost for Q=125 keeping other values as same.

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