Need help solving Problem 1, parts A, B and C. Problem #1-Sumco Pump Company - Modified, from textbook page #192.Sumco's annual demand is expected to increase from 1,000 units to 1,555 units, the ordering cost is reduced to $8per order and the average carrying cost per unit per year remains the same at $0.50. Under these new conditions:a.Calçulate the new EOQ.b.Calculate the Annual Ordering Cost, the Annual Holding Cost and the Total Annual Cost.If Sumco has a daily demand of 10 units and assuming that they will be ordering the exact amountcalculated for EOQ in topic (a) with a lead time of 5 days, calculate the Reorder Point (ROP) and the InventoryС.Position. Guidance: review Procomp's example on textbook page #195.Page 1 of 4Scanned with CamScanner

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Problem #1-Sumco Pump Company-Modified, from textbook page #192. Sumco's annual demand is expected to increase from 1,000 units to 1,555 units, the ordering cost is reduced to $8 per order and the average carrying cost per unit per year remains the same at $0.50. Under these new conditions: Calculate the new EOQ. Calculate the Annual Ordering Cost, the Annual Holding Cost and the Total Annual Cost. If Sumco has a daily demand of 10 units and assuming that they will be ordering the exact amount а. b. с. calculated for EOQ in topic (a) with a lead time of 5 days, calculate the Reorder Point (ROP) and the Inventory Position. Guidance: review Procomp's example on textbook page #195.

Problem #1-Sumco Pump Company-Modified, from textbook page #192. Sumco's annual demand is expected to increase from 1,000 units to 1,555 units, the ordering cost is reduced to $8 per order and the average carrying cost per unit per year remains the same at $0.50. Under these new conditions: Calculate the new EOQ. Calculate the Annual Ordering Cost, the Annual Holding Cost and the Total Annual Cost. If Sumco has a daily demand of 10 units and assuming that they will be ordering the exact amount а. b. с. calculated for EOQ in topic (a) with a lead time of 5 days, calculate the Reorder Point (ROP) and the Inventory Position. Guidance: review Procomp's example on textbook page #195.

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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