PROBLEM 6 The following information pertains to AAA Manufacturing Company’s Product X: Annual Demand                                                            33,750 units Annual cost to hold one unit of inventory                       P15 Setup cost (or the cost to initiate a production run         P500 Beginning inventory of Product X                                   0 At present, the company produces 2,250 units of Product X per production run, for a total of 15 production runs per year. The Company is considering to use the EOQ model to determine the economic lot size and the number of production runs that will minimize the total inventory carrying cost and setup cost for Product X. At present, the company’s total annual inventory costs is If the EOQ model is used, the economic lot size is If the EOQ model is used, the number of production runs should be If the EOQ model is used, the total annual inventory costs, compared with that under present system, will increase (decrease) by

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A: Economic order Quantity (EOQ) = [(2*Annual Demand * Set up cost)/Carrying cost]

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A: Calculation of Economic ordering quantity (EOQ) :

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A:

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A: Answer 11

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