A company has an annual demand for a specific item of 12,000 units. The carrying cost per unit per year is R.50, and the cost to place an order is R80. Calculate the Economic Order Quantity (EOQ) and also explain the following related terms • Re-order Level, • Ordering Point, • and Minimum Level.

A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.20 per stone for quantities of 600 stones or more, $8.70 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 214 days per year. Usage rate is 25 stones per day, and ordering costs are $48. a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Round your intermediate calculations and final answer to the nearest whole number.) Order quantity stones b. If annual carrying costs are 27 percent of unit cost, what is the optimal order size? (Round your intermediate calculations and final answer to the nearest whole number.) Optimal order size stones c. If lead time is 5 working days, at what point should the company reorder? Reorder quantity stones

a) What is the economic order​ quantity? b) Find the annual holding costs.c) Find the annual ordering costs.d) What is the reorder point?

You have an annual demand of 800 units of your product which you sell for $90 a unit. It costs you $20 to place an order and carrying costs for the item are 14%. What is your EOQ?

b) The Elite Cafe serves purified bottles of "Wata" to its customers. The daily demand for Wata is normally distributed, with an average demand of 18 bottles and a standard deviation of 4 bottles. The lead time to receive an order of Wata from the local supplier is 3 days. Determine the safety stock and reorder point if the Cafe wants to maintain: i) 90% service level ii) 95% service level

Given the following information for a purchased component, what is the total annual cost for the item? Annual demand = 500,000 Purchase price = $10 per unit Order quantity 100,000 • Order cost = $5 per order • Annual holding cost per unit = = $2 . $2.510,100 O $510,025 $510,250 O $5,100,250 O $5,100,025

Economics   A hospital uses 18,000 of syringes each year. Holding cost per box is $0.60 ordering costs are $96 per order. The hospital buyer would like to take advantage of quantity discounts offered by the supplier. The cost structure is as follows:                                  Number of boxes                          Price per box                                     1,000 to 1,999                              $1.25                                     2,000 to 4,999                              $1.20                                     5,000 to 9,999                              $1.15                                     10,000 or more                             $1.10   Use this data to answer the following: In what level is the EOQ What is the optimal order quantity? What is total cost at each level after the EOQ level?

Calculate EOQ from the following? Consumption during the year = 600 units Ordering cost Rs. 12 per order. Carrying cost 20% Selling Price per unit Rs. 20

please show work in excel   The New Haven Foundation gave a grant to the Affordable Computers Co.(ACC) to manufacture low cost computers for children in developing countries. ACC needs 3000 memory chips per month for use in producing these hardware. The ordering cost is 12 dollars, and holding cost is 0.3 dollars per chip per year.   a) What is the economic order quantity for the memory chips? b) Based on your answer to part (a), what would be the time between orders? (Hint: Q/D)

Authentic Thai rattan chairs are delivered to Gary Schwartz's chain of retail stores, called The Kathmandu Shop, once a year. The reorder point, without safety stock, is 200 chairs. Carrying cost is $20 per unit per year, and the cost of a stockout is $70 per chair per year. Given the following demand probabilities during the lead time, how much safety stock should be carried? Demand During Lead Time Probability 0.2 100 0.2 200 0.2 300 0.2 400 0.2 The optimal quantity of safety stock which minimizes expected total cost is units (enter your response as a whole number).