Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator production operation, which is operated at a constant rate, will require 2,000 plates_per month throughout the year (HINT: Calculate the annual demand). Assume that the ordering costs are $60 per order, the unit cost is $3 per component, and annual holding costs are 20% of the value of the inventory. Northwest has 300 working days per year and a lead time of 5 days. Fill in the following Optimal inventory policy related blanks (round to two decimal places): Optimal Inventory Policy Answer Economic Order Quantity Q* Annual Inventory Holding Cost H Annual Ordering Cost O Total Annual Cost TC Maximum Inventory Level Q Average Inventory Level Q/2 Reorder Point r Number of Orders Per Year (D/Q*) Cycle Time (Days) T
Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator production operation, which is operated at a constant rate, will require 2,000 plates_per month throughout the year (HINT: Calculate the annual demand). Assume that the ordering costs are $60 per order, the unit cost is $3 per component, and annual holding costs are 20% of the value of the inventory. Northwest has 300 working days per year and a lead time of 5 days. Fill in the following Optimal inventory policy related blanks (round to two decimal places): Optimal Inventory Policy Answer Economic Order Quantity Q* Annual Inventory Holding Cost H Annual Ordering Cost O Total Annual Cost TC Maximum Inventory Level Q Average Inventory Level Q/2 Reorder Point r Number of Orders Per Year (D/Q*) Cycle Time (Days) T
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator
production operation, which is operated at a constant rate, will require 9,000 plates_per month throughout the year (HINT: Calculate the annual
demand). Assume that the ordering costs are $60 per order, the unit cost is $3 per component, and annual holding costs are 20% of the value of the
inventory. Northwest has 300 working days per year and a lead time of 5 days. Fill in the following Optimal inventory policy related blanks (round
to two decimal places):
Optimal Inventory
Policy
Answer
Economic Order Quantity
Q*
Annual Inventory Holding
Cost H
Annual Ordering Cost O
Total Annual Cost TC
Maximum Inventory
Level Q
Average Inventory Level
Q/2
Reorder Point r
Number of Orders Per
Year (D/Q*)
Cycle Time (Days) T
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