A certain good with annual demand of 600 units is priced at $20 per unit. It costs $14 to place each order, and the monthly cost of holding each unit of the good is priced at 7% of the good's unit price. Find the Economic Order Quantity (EOQ) assuming 12 working months in a year. Round your answer to the nearest integer. A. 490 B. 32 C. 110 D. 141

Given a basic EOQ model in which holding cost is $7.50 per unit per month, demand is 25 units per month, and ordering cost is $15.00 per order, determine the EOQ. a. 200 b. 100 c. 50 d. 10

Q Suppose management stated that it could tolerate only one stockout per year for a specific item. For this particular item, the annual demand is 52,000 units, it is ordered in quantities of 2600, and the standard deviation of demand during the lead time is 100 units. The lead time is one week. Consider a service level of 95%. Calculate a) Number of orders per year b) Service Level c) Safety stock d) Order Point

3 Which of the following inventory models considers backorder costs? O a. Economic Order Quantity with Quantity Discounts O b. Basic Economic Order Quantity C. Economic Order Quantity with Planned Shortages Od. Economic Production Quantity

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44 Which of these statements about the production order quantity model is FALSE? Select one: a. The production order quantity model is appropriate when the assumptions of the basic EOQ model are met, except that receipt is noninstantaneous. b. Because receipt is noninstantaneous, some units are used immediately and not stored in inventory. c. All else equal, the smaller the ratio of demand rate to production rate, the larger is the production order quantity. d. Average inventory is less than one-half of the production order quantity. e. None of the above is false.

Fursan Inc. needs 310 kgs of a material per month (four weeks). It costs RO 10 to make and receive an order, and it takes 14 work days to receive it. The annual holding cost is 15 % of purchase price. The price RO 1 per kg. The company is operating 6 days per week. At what level of inventory in Kgs should the company be placing orders? Round-up to the nearest integer Select one:   a. 200   b. 175   c. 181   d. 188

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38 In the basic EOQ model, if D = 6000 per year, S = $100, and holding cost = $5 per unit per month, what is the economic order quantity? Select one: a. 600 b. 24 c. 100 d. 490 e. 141

If annual demand = 2500, order cost = $50, annual holding cost rate = 15%, and the purchase price = $120 for orders of less than 10,000 units, or $105 for orders of 10,000 units or more, should you take the discount? Also, what is the minimum total cost? ? a. No--$116,280 b. Yes--$208.477 c. No--$341,263 d. Yes--$302,120