Directions: Read carefully and solve the following problems. XYZ Company requires 3000 pcs of Part 001 every other month for the use of the different departments within the company. The company spends BD 11 for the ordering cost and the holding cost is BD 4. Find the Total Cost, Frequency of Order and Length of Order if the company works 300 days. Show the link among the answers On the other hand, in the previous experience of the same company, the replaced Production Planning and Control Officer used to order 800 pcs item. Using the same demand and costs, which do you think is a Will there be a loss or savings (and how much) if the company will maintain the better way?

Directions: Read carefully and solve the following problems. XYZ Company requires 3000 pcs of Part 001 every other month for the use of the different departments within the company. The company spends BD 11 for the ordering cost and the holding cost is BD 4. Find the Total Cost, Frequency of Order and Length of Order if the company works 300 days. Show the link among the answers On the other hand, in the previous experience of the same company, the replaced Production Planning and Control Officer used to order 800 pcs item. Using the same demand and costs, which do you think is a Will there be a loss or savings (and how much) if the company will maintain the better way?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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