the company expects to sell 19,200 units next year. it operates 360 days a year. annual carrying cost is P32 per unit ordering cost is P150. A. what is the EOQ? (round up) B. how many times per year does the store reorder?(round up) show solution
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the company expects to sell 19,200 units next year. it operates 360 days a year.
annual carrying cost is P32 per unit
ordering cost is P150.
A. what is the EOQ? (round up)
B. how many times per year does the store reorder?(round up)
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- the company expects to sell 38,400 units next year. it operates 355 days a year. annual carrying cost is P64 per unit ordering cost is P300 A. what is the eoq? B. how many times per year does the store reorder? (round up) show solutionthe company expects to sell 19,200 units next year. it operates 360 days a year. annual carrying cost is P32 per unit ordering cost is P150. A. what is the length of an order cycle in days? (4 decimals) B. what is the total annual cost at EOQ? show solutionSunstar Ice Cream Sells 12,000 gallons of ice cream each month from its central storagefacility. Monthly carrying cost are P.10 per gallon and ordering cost are P50 per order.Ignore potential stockout cost and assume a 30 days month. What is the optimal length of the inventory cycle?How many orders will be placed per month?
- The following information regarding inventory policy was assembled by the GB Inc. The company uses a 50-week year in all calculations: Sales: 10,000 units per year Order quantity: 2,000 units Safety stock: 1,300 units Lead time: 4 weeks The reorder point is: 3,300 units 2,100 units 100 units 1,300 unitsThompson Paint Company uses 60,000 gallons of pigment per year. The cost of ordering pigment is $200 per order, and the cost of carrying the pigment in inventory is $1 per gallon per year. The firm uses pigment at a constant rate every day throughout the year. a. Calculate the EOQ. b. If it takes 20 days to receive an order once it has been placed, determine the reorder point in terms of gallons of pigment. (Note: Use a 365-day year.)The following information regarding inventory policy was assembled by the GB Inc. The company uses a 50-week year in all calculations: Sales: 10,000 units per year Order quantity: 2,000 units Safety stock: 1,300 units Lead time: 4 weeks The reorder point is: a. 3,300 units b. 2,100 units c. 100 units d.300 units
- I need answers A company uses on an average 216 parts a day with a standard deviation of 16 parts per day in a manufacturing process. Cost of placing and receiving an ordering is BDT 40,000. Estimated monthly carrying cost is BDT 90 per part. Orders are delivered approximately 7 days after being placed. The delivery time is normal with a mean of 7 days and a standard deviation of 2 days. The company is open 360 days per year. Find the order quantity that is economical. If the Company takes 3% stock out risk, then find safety stock (SS) quantity and Re-Order Point? 3.If the supplier offers a discount of BDT 8 per circuit board for purchasing of 4000 boards at a time, then financially evaluate and justify whether the company will go with the offer or not? 4.The person who orders the boards follows this rule: Order when the amount on…A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days the plant operates. Annual holding cost is P27 per chip and ordering cost is P1,080. Lead time = 1 week. Find the EOQ. Find the reorder point. What would be your ordering policy for this item? Find the total annual cost of ordering and carrying silicon chips.A contractor buys cement in 25-pound bags. The contractor uses 1,440 bags a year. Ordering cost is $15 per order. Annual carrying cost is $75 per bag. 1-Determine the economic order quantity. ____bages 2-What is the average number of bags on hand? 3-How many orders per year will there be? 4-Compute the total cost of ordering and carrying cement. 5-If holding costs were to increase by $9 per year, how much would that affect the minimum total annual cost? Increase by
- A toy manufacturer uses approximately 32,000 silicon chips annually. The chips are used at a steady rate during the 240 days a year that the plant operates. Annual holding cost is $3 per chip, and ordering cost is $120. Determine the following: What is the reorder point, if the lead time is 7 days?Abalos Appliance Store sells an average of 160 units per month. Each order the store places is for 300 units. The cost per unit is P5. The cost per order is P12. Carrying cost is P0.15 per dollar invested per year. The rate of return is 18 percent. The tax rate is 46 percent. Requirement: (a) What is the investment in average inventory? (b) What is the annual ordering cost?Demand for a popular athletic shoe is nearly constant at 1600 pairs per week for a regional division of a national retailer. The cost per pair is $64. It costs $75 to place an order, and annual holding costs are charged at 25% of the cost per unit. The lead time is 3 weeks. One year has 52 weeks.a. What is the Economic Order Quantity?b. What is the reorder point?c. What is the cycle time?d. What is the total annual cost?