Total Stock Administration costa under EOQ model is the sum of: a.Ordering costs and Carrying costs b.Carrying costs and Reoder level costs c.Storage and carrying costs d. Minimum stock costs and reorder quantity 2. The following information pertains to inventory item Zl47 Reorder level 3150 units Reorder quantity 3250 units Minimum Lead time 11 days Maximum Lead time 15 days Minimum demand 90 units per day Maximum demand 260 units per day The minimum stock level is ______ 975 750 2,160 875 3. Annual demand- 2000 units Unit cost- $625 Carrying cost per unit per year – 2% of unit purchase price Odering Cost - $5 What is the highest quantity that should be ordered at any one time? a. 2000units b. 1600 units c. 40units d. 167 units
- Total Stock Administration costa under EOQ model is the sum of: a.Ordering costs and Carrying costs b.Carrying costs and Reoder level costs c.Storage and carrying costs d. Minimum stock costs and reorder quantity
2.
- The following information pertains to inventory item Zl47
Reorder level 3150 units
Reorder quantity 3250 units
Minimum Lead time 11 days
Maximum Lead time 15 days
Minimum demand 90 units per day
Maximum demand 260 units per day
The minimum stock level is ______
- 975
- 750
- 2,160
- 875
3. Annual demand- 2000 units
Unit cost- $625
Carrying cost per unit per year – 2% of unit purchase price
Odering Cost - $5
What is the highest quantity that should be ordered at any one time?
a. 2000units
b. 1600 units
c. 40units
d. 167 units
4. The EOQ for a particular model of laptop is 40units and the annual demand is 2000 units. If the ordering cost is $5, what is the unit carrying cost?
a. $0.08
b. $12.50
c. $1,600
d. $20,000
5. Annual demand 10,000 units. Holding cost $1 per unit per year. Set up cost $200 per order. What is the minimum stock administration cost?
a. $2,000
b. $1,000
c. $200
d. $10,000
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