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The EOQ. No. of orders in a year, and Time between two successive orders

The EOQ. No. of orders in a year, and Time between two successive orders

Practical Management Science
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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Suppose that a publishing company periodically replenish its supply of paper stock. The paper comes in large rolls and that the printer uses 60 rolls per bi-month.  The cost of one roll paper is OMR 150. The cost of replenishment is OMR 10 per order. The cost of keeping the paper on hand, including rent for space occupied, insurance, and interest on the capital tied up is 10 percent per roll per year. Calculate:

    1. The EOQ.
    2. No. of orders in a year, and
    3. Time between two successive orders
    4. Average yearly cost of Inventory
    5. Total inventory cost
  • Total Cost

 

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