pastries, and cakes made of first-class flour. The bakery uses 150 sacks of 20 kg flour every quarter. With a price of BD 25 / sack, and ordering cost of Bd 12 and a carrying cost of BD 3.5, What is the optimum order quantity and the frequency of order?
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- Mo. M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other homes applliences. demand of 265 units, which is constant throughout the year.The carrying cost is estimated to be $1.25 per unit per year and the ordering cost is $19 per order . Please show your work for full points. (a) To minimize cost, how many units should be ordered each time an order is placed? (b) How many orders are needed per year with the optimal policy? (c) What is the total annual cost of orderieg and holding inventory?A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.70 per stone for quantities of 600 stones or more, $9.20 per stone for orders of 400 to 599 stones, and $10.00 per stone for lesser quantities. The jewelry firm operates 109 days per year. Usage rate is 25 stones per day, and ordering costs are $48. a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) b. If annual carrying costs are 29 percent of unit cost, what is the optimal order size? (Do not round intermediate calculations. Round your final answer to the nearest whole number.) c. If lead time is 3 working days, at what point should the company reorder? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a priceof $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones,and $10 per stone for lesser quantities. The jewelry firm operates 200 days per year. Usage rate is25 stones per day, and ordering costs are $48.a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize totalannual cost.b. If annual carrying costs are 30 percent of unit cost, what is the optimal order size?c. If lead time is six working days, at what point should the company reorder?
- Thomas Kratzer is tbe purchasing manager for theheadquarters of a la rge insurance company chain with a centralinventory operation. Thomas's fas test-moving inventory itemhas a demand of 6,000 units per year. The cost of each unit is$ 100, and the inventory carrying cost is $10 per unit per year. The average ordering cost is $30 per order. It takes about 5 days for anorder to arrive, and the demand for I week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per yea r?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost ofthe 6,000 units?A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.80 per stone for quantities of 600 stones or more, $9.20 per stone for orders of 400 to 599 stones, and $9.70 per stone for lesser quantities. The jewelry firm operates 230 days per year. Usage rate is 16 stones per day, and ordering costs are $45.a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Do not round intermediate calculations, except for order quantities which should be rounded to the nearest whole number. Round your final answer to the nearest whole number.) b. If annual carrying costs are 20 percent of unit cost, what is the optimal order size? (Do not round intermediate calculations, except for order quantities which should be rounded to the nearest whole number. Round your final answer to the nearest whole number.) c. If lead time is 3 working days, at what point should the company reorder? (Do…RonaMart needs 1,000 coffee makers per year. The cost of each coffee maker is $78. Ordering cost is $100 per order. Carrying cost is $20 of unit cost. Lead time is 5 days. RonaMart is open 360 days/yr. What is the length of order cycle? What is the total annual cost if the EOQ quantity is ordered?
- Ricky Orange’s annual demand is 12,500 units. Ordering cost is $100 per order. Holding cost is estimated at 20% of product cost which is $50 per unit. What is the number of orders per year using EOQ to compute the best quantity to order?Myer stores carries a specialty line of flavored syrups. One of the most popular of these is a raspberry syrup which sells on average, 55 bottles per week. Myers cost is nine dollars per bottle. Meyer has determined it’s order cost to be $54 an inventory caring cost is 20%. Myers open for business 52 weeks per year. What is the EOQ for raspberry syrup? (Whole Number) If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup? (Round your answer to 2 decimal spaces)Davis Supply maintains an average inventory of 2,000 dinosaur skulls for sale to filmmakers. The carrying cost per skull per year is estimated to be $150.00 and the fixed order cost is $96. What is the economic order quantity (EOQ)? (Round to the nearest whole number.)
- PUC Enterprise has annual demand for corporate finance textbook of 500. The cost of the textbook is 40$. Carrying Cost estimated to be 20% of unit cost and the ordering cost is $5 per order. If PUC order in quantities of 30 or more it can get a 10% discount on the cost of the book. Should PUC take the quantity discount? Assume the demand is constantFor fixed order quantity inventory system, which of the following costs is increased when order size (Q) is increased? a) Setup cost b) Ordering cost c) Start-up quality cost d) Insurance cost e) Receiving inspection costAssume that Palmer Executive Pens uses 1,440,000 gallons of ink each year. Further, assume that Palmer can order the ink at a cost of $2 per gallon plus fixed ordering costs of $125 per order. The firm’s carrying cost is 20 percent of the inventory value, at cost. How much is the carrying cost per unit? * How much is the total inventory cost? *