Mathematics, 14.07.2020 01:01 arielpraczko1

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 6,100 units per year. The cost of each unit is $101, and the inventory carrying cost is $8 per unit per year. The average ordering cost is $31 per order. It take about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is a corporate operation, and the 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 year?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 cost of the 6,100 units?

Answers: 1

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 22:30

Which statements about the system are true? check all that apply. y =1/3 x – 4 3y – x = –7 the system has one solution. the system consists of parallel lines. both lines have the same slope. both lines have the same y–intercept. the equations represent the same line. the lines intersect.

Answers: 2

Answer

Mathematics, 21.06.2019 22:30

In a certain city, the hourly wage of workers on temporary employment contracts is normally distributed. the mean is $15 and the standard deviation is $3. what percentage of temporary workers earn less than $12 per hour? a. 6% b. 16% c. 26% d. 36%

Answers: 1

Answer

Mathematics, 21.06.2019 23:30

Kerion has a beaded necklace business. she can make 12 necklaces is 2 hours. how long will it take her to make 9 necklaces?

Answers: 1

Answer

Mathematics, 22.06.2019 00:30

What is the value of the discrimination for the quadratic equation 0=×2+2+×2

Answers: 2

Answer

You know the right answer?

Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain wit...