D, E, & F Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for thisproduct is 5,000 units; carrying cost is $50 per unit per year; order costs for his company typically run nearly $30 perorder; and lead time averages 10 days. (Assume 250 working days per year.)a) The economic order quantity isunits (round your response to the nearest whole number).b) The average inventory is units (round your response to the nearest whole number).c) The optimal number of orders per year isorders (round your response to the nearest whole number).d) The optimal number of working days between orders is days (round your response to two decimal places).e) The total annual inventory cost (carrying cost + ordering cost) is $ (round your response to two decimal places).f) The reorder point is units (enter your response as a whole number).

From the above given information, Annual demand, d =5000 units Ordering cost, o =$30 Holding cost, h…

Answered: Rick Jerz is attempting to perform an…

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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