Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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52 A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese. What is the estimated economic order quantity for the panela cheese? O98 pounds O19 pounds O 187 pounds 190 pounds O 1,872 pounds
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Transcribed Image Text:52 A creamery purchases three different types of cheese: panela cheese at $3.75 per pound, goat cheese at $7.10 per pound, and Oaxaca cheese at $4.50 per pound. The daily demand for each cheese is 45, 22, and 63 pounds respectively. The creamery has a dedicated supplier for each type of cheese, and the ordering cost is $2.00 per order. It is expensive to keep these products in inventory because they are highly perishable. The holding cost is estimated to be 0.5% of the purchasing price for each type of cheese. What is the estimated economic order quantity for the panela cheese? O98 pounds O19 pounds O 187 pounds 190 pounds O 1,872 pounds
!!! 51 Total Inventory Value $900 $800 $700 $600 $500 $400 $300 $200 $100 $- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Inventory Value $600 $725 $675 $450 $495 $525 $640 $790 $630 $605 $555 $510 Total Inventory Value Based on the above diagram, what is the average inventory value for the year? $525 $675 $550 $600
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Transcribed Image Text:!!! 51 Total Inventory Value $900 $800 $700 $600 $500 $400 $300 $200 $100 $- Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Inventory Value $600 $725 $675 $450 $495 $525 $640 $790 $630 $605 $555 $510 Total Inventory Value Based on the above diagram, what is the average inventory value for the year? $525 $675 $550 $600
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