We have demand for a product with 1500 units/month. The vendor offers quantity discounted method for purchasing as the table below: Order Quantity condition 1 - 299 price( USD) 10 >= 300 price 7 Ordering lead-time is 3 days. Ordering cost 10 $/ order, salary for ordering staff is 3$/ order. Monthly Warcehouse renting free is 5%, and interest rate is 7%. Salary for warehousing staff is 300$/ month. Please suggest the best ordering policy.

Q: Your company sells ink cartidages at an average rate of 1500/week. Your supplier has guaranteed a 2…

A: Reorder point = Demand during lead time = Average daily demand * Lead time

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A:

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A: Average daily demand (d) = 30 units Standard deviation of daily demand (d) = 5 units Lead time (L) =…

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A: EOQ = 120 units (rounded to nearest integer since decimal value cant be procured)

Q: Explain the relationship between the annual ordering cost and the ordering size.

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A: Reorder point is the minimum level of inventory established by an organization that is also a signal…

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Q: At what inventory level should he place an order

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A: answer: d) Using the fixed order quantity system to control inventory, EOQ is determined by using…

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A: Note: Since you have posted an inquiry with different sub-parts, we will settle the initial three…

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A: The re-order point is a crucial inventory management metric used to determine when to place an order…

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A: Part 2: Approach to solving the questionTo solve this problem, follow these steps:1. Determine the…

Q: PHL Manufacturing assembles security monitors. It purchases 900 black-and-white cathode ray tubes…

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Q: You have an annual demand of 800 units of your product which you sell for $90 a unit. It costs you…

A: EOQ = √ [ 2*D*O / C ]   Annual Demand D = 800 Order Cost O = 20 Carrying Cost C = 90*0.14 =  12.6

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A: For this given data, I will determine the reorder quantity,

Q: Please do not give solution in image format thanku Daily demand for Chandler's Footballs varies…

A: Mean (x) = 195Standard deviation (Sd) = 12Lead time(L) = 3

Q: How does the purchase connection to the classic EOQ model work?

A: EOQ Model:                 EOQ stands for Economic Order Quantity and this model will help to find…

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A: Find the given details below:

Q: A daily newspaper is stocked by a coffee shop so its patrons can purchase and read it while they…

A: Please comment down for any doubt. I hope my answer helps you.

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A: Daily demand = 25 mugsOperating days = 250 mugs per dayAnnual demand (D) = 25×250 = 6250…

Q: Find the following. i) Economic order quantity ii) Optimum level of shortage

A: The answer is as below:

Q: The New Haven Foundation gave a grant to the Affordable Computers Co.(ACC) to manufacture low cost…

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A:

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