Just need f. Average weekly demand (52 weeks per year): 71printersStandard deviation of weekly demand: 19printersOrder lead time: 5weeksStandard deviation of order lead time: 0 (lead times are constant)Item cost: $170per printerCost to place an order: $5Yearly holding cost per printer: $39Desired service level during reordering period: 95%(z=1.65) One of the products sold by OfficeMax is a Hewlett-Packard LaserJet Z99 printer. Aspurchasing manager, you have the following information for the printer:i Click the icon to view the information for the printer.a. The EOQ is 31 (Enter your response rounded to the nearest whole number.)b. The annual ordering costs and holding costs (ignoring safety stock) for the EOQ is $ 1,199.(Enter your response rounded to the nearest dollar.)c. Suppose OfficeMax currently orders 170 printers at a time.OfficeMax would pay $ 2006 less in holding and ordering costs per year if it ordered just 17printers at a time. (Enter your response rounded to the nearest dollar.)d. The reorder point for the printer is 426 printers. (Enter your response rounded up to thenearest whole number.)The safety stock for the printer is 71 printers. (Enter your response rounded up to the nearestwhole number.)e. Use the following formula to consider the impact of safety stock (SS) on average inventorylevels and annual holding costs:(2 + SSHThe annual inventory holding cost, including the safety stock, is $6,084. (Enter your responserounded to the nearest dollar.)The annual safety stock holding cost is $ 2,769. (Enter your response rounded to thenearest dollar.)f. Suppose OfficeMax is able to cut the lead time to a constant 3 weeks.The new safety stock level iswhole number.)(Enter your response rounded up to the nearest

Note:only sub parts-(f) has been answered as mentioned in the question (f)Continuous review- fixed…

Answered: f. Suppose OfficeMax is able to cut the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question 20 refers to a physical inventory-taking technique in which inventory is counted on a frequent basis rather than once or twice a year.
Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a continuous basis. The product has inventory holding costs of $30 per unit per year and order costs of $300 per order. It takes 30 days to receive a shipment after an order is placed. Calculate the economic order quantity (EOQ). a. 77 units b. 110 units c. 60 units d. 44 units
Using relevant eoq calculations Which order size would you recommend that the hospital use?
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Joe Henry's machine shop uses 2,450 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,450 Holding cost per bracket per year $1.65 Order cost per order $18.50 Lead time 2 days Working days per year 250 a) What is the EOQ? __units (round your response to two decimal places). b) What is the average inventory if the EOQ is used?__ units (round your response to two decimal places). What would be the annual inventory holding cost? $__ (round your response to two decimal places). c) Given the EOQ, how many orders will be made annually?__orders (round your response to two decimal places). What would be the annual order cost? $__ (round your response to two decimal places). d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? __ $ (round your response to two decimal places). d)…
K William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year Ordering cost S $27/order Holding cost H $5/unit/year a) The EOQ for the workbooks is 458 (round your response to the nearest whole number) b) What are the annual holding costs for the workbooks? $ (round your response to the nearest whole number).
← William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year Ordering cost S $27/order Holding cost H $5/unit/year a) The EOQ for the workbooks is 458 (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ 1145 (round your response to the nearest whole number). c) What are the annual ordering costs? $ (round your response to the nearest whole number).
Joe Henry's machine shop uses 2,460 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets: Annual demand 2,460 Holding cost per bracket per year $ 1.65 Order cost per order $20.00 Lead time 22 days Working days per year 250 a) What is the EOQ? b) What is the average inventory if the EOQ is used? What would be the annual inventory holding cost? c) Given the EOQ, how many orders would be made each year? What would be the annual order cost? d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? e) What is the time between orders? f) What is the reorder point (ROP)?
Daily demand (d) 150 units Mean lead time (LT) 9 days Standard deviation of lead time (σLT) 3 days Service level 97% 1. What is the required safety stock at a 97 percent service level? ______ units 2. What is the reorder point? ______ units
Subject: Logistic management The following information is given to you D = 19,000 units/yr; H = $4/unit/year; S=$25/order. Calculate the EOQ, Annual holding cost and annual ordering cost.
1. William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering cost S Holding cost H a) Define inventory management. = 19,500 units/year = $25/order = $4/unit/year

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Average weekly demand (52 weeks per year):		71 printers
Standard deviation of weekly demand:		19 printers
Order lead time:		5 weeks
Standard deviation of order lead time:		0 (lead times are constant)
Item cost:		$170 per printer
Cost to place an order:		$5
Yearly holding cost per printer:		$39
Desired service level during reordering period:		95% (z=1.65)

f. Suppose OfficeMax is able to cut the lead time to a constant 3 weeks. The new safety stock level is whole number.) (Enter your response rounded up to the nearest