Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders.. Introduction: Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost. Lead time is the time between when order is placed and its production is completed.

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Answer 1

Question

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

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Students have asked these similar questions

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?

Saché, Incorporated, expects to sell 2,030 of its designer suits every week. The store is open seven days a week and expects to sell the same number of suits every day. The company has an EOQ of 1,450 suits and a safety stock of 290 suits. Once an order is placed, it takes three days for Saché to get the suits in. How many orders does the company place per year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Assume that it is Monday morning before the store opens, and a shipment of suits has just arrived. When will Saché place its next order? multiple choice Monday Tuesday Wednesday Thursday Friday Saturday Sunday

Catlea Merchandising is engaged in selling school shoesfor both boys and girls in their teenage years. Catlea needs 32,000 pairs of shoes in a year in order to satisfy the market demand. It costs ₱ 48 to place an order while ₱ 8 is needed to hold each quantity of shoe in Catlea's inventory. Upon checking on Catlea's supplier, it takes 8 days in between placing an order and eventually receiving it. a. Determine the Economic Order Quantityb. Determine the number of order per monthc. Determine the reorder point

Answer 2

Question

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Expert Solution & Answer

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Answer 3

Question

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Expert Solution & Answer

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Answer 5

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Answer 6

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

Answer 7

Chapter 4.5, Problem 14P

a

Summary Introduction

To determine:

Optimal order quantity for hex nuts and molley screws and optimal time between placement of orders..

Introduction:

Economic order quantity in the optimal inventory kept by any firm which is ideal and do not incur any additional holding cost and order cost.

Lead time is the time between when order is placed and its production is completed.

Answer 8

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Answer 9

b

Summary Introduction

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 4.4 - Prob. 1P Ch. 4.4 - Prob. 2P Ch. 4.4 - Prob. 3P Ch. 4.4 - Prob. 4P Ch. 4.4 - Prob. 5P Ch. 4.4 - Prob. 6P Ch. 4.4 - Prob. 7P Ch. 4.4 - Prob. 8P Ch. 4.4 - Prob. 9P Ch. 4.5 - Prob. 10P

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To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

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Chapter 4 Solutions

Concept explainers

Videos

To determine: Average annual cost when the order is made separately for both the times, when order is made separately. Introduction: Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.

Want to see the full answer?

Chapter 4 Solutions

To determine:

Average annual cost when the order is made separately for both the times, when order is made separately.

Introduction:

Cost is the expense incurred by a firm for production of a good from its initial stage till selling of a product.