If:(Round each response to 2 decimal places. If the answer is 100 put 100.00)a. What is the economic order quantity?a=D=S=H=b. How does the answer change if the holding cost doubles?c. What if the holding cost drops to half?b=1000 per month$35 per order$4 per unit per monthC=

Answered: If: a= (Round each response to 2…

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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***.*... . An automobile dealer expects to sell 729 cars a year. The cars cost $12,000 plus a fixed charge of $500 per delivery. If it costs $1000 to store a car for a year, find the order size and the number of orders that minimize inventory costs. cars per order orders per year
If EOQ = 289 units, S = $100, and H = $1 per unit per month, what approx. annual demand (D) level would the EOQ model best fit? Pick the closest answer option. EOQ = Sq root of [(2D*S)/H] D = annual demand in units S = cost of placing 1 order; H = cost of holding 1 unit of that item in inventory for 1 year 3596 units 3540.00 units 5011 units 4510 units
A microbrewery purchases malt for production. The supplier charges $35 for delivery (no matter how much is delivered) and $1.20 per gallon. The annual holding cost is 35% of the price per gallon. Usage is 250 gallons/week. f.) If orders must be in integer multiples of 1000 gallons, how much should be ordered to minimize ordering and holding costs PER GALLON? g) A 3% purchase price discount is given if orders are for 8000 gallons or more. What would total annual costs (purchasing, ordering, and holding)be using this discount?
Ti Which of the following statements about the basic EOQ model is true? O a. If the carrying cost were to increase, the EOQ would fall. O b. If annual demand were to double, the number of orders per year would increase. O c. If the ordering cost were to double, the EOQ would rise. O d. If annual demand were to double, the EOQ would increase. O e. All of these. PAGE NE
Here are statistics on order sizes of Megalith Construction Supply’s shipments of two kinds of construction materials last year. Girders Rivets Mean 160 2800 Std. Dev. 48 702 Which order sizes have greater variability? Multiple Choice Rivets Cannot be determined without knowing n Girders They are the same.
For Raw material A007, a company maintains a safety stock of 5,000 pounds. Its average inventory (taking into account the safety stock) is 15,000 pounds. What is the apparent order quantity (in lbs.)?
The manager of a local retail store is ordering a specialty item from a supplier in Toronto. The lead time is cons days. The store is open 300 days a year (50 weeks Monday-Saturday, with a two-week vacation). The average. is 40 units, with a standard deviation of 7.6. (Assume that the distribution is approximately normal.) It costs $40 to place an Time left 1:45:28 order, and the annual holding cost is 30% of the inventory value. The supplier charges $8.00 per unit. Find the economic order quantity (EOQ). O a. 1788 O b. 346 O c. 36 Od. 632 The manager of a local retail store is ordering a specialty item from a supplier in Toronto. The lead time is constant at five days. The store is open 300 days a year (50 weeks Monday-Saturday, with a two-week vacation). The average daily demand is 40 units, with a standard deviation of 7.6. (Assume that the distribution is approximately normal) It costs $40 to place an order, and the annual holding cost is 30% of the inventory value. The supplier…
Which of the following is true for inventory control: Select one a . Economic order quantity has minimum cost per order b . All the options are correct c . Inventory carrying cost increases with quantity per order d. Ordering cost decreases with lot size
3: A manufacturer maintains an inventory of needles. Inventory consumption is constant at 1200 needles per day and lead time for new needles is constant at five days. If the manufacturer wishes to maintain a safety stock of 600 needles, what should its reorder point be? OA. 5000 OB. 5400 F2 OC. 4800 OD.7200 OE. 6600 OF. 6000 #3 A Moving to another question will save this response. 80 E F3 $ 4 DOD OOD F4 R % 5 F5 T A 6 MacBook Air Y & 7 ◄◄ F7 U * 8 ► 11 F8 ( 9 F9 O ) 0 F10 >> (4) F11 + 11 F12 # 2 dele
27) Ali has a restaurant where the customers use a different number of disposable cups each day he is open. Every 30 days, Ali places an order to replenish his cup inventory. It takes 3 days for the order to arrive, at which point it brings the inventory level up to 4000 cups. It costs Ali $30 to have the order processed. Select all statements that apply to Ali's situation: Group of answer choices a) Ali uses a Continuous Inventory System b) d is constant c) Ali uses a Periodic Inventory System d) Ali uses a Fixed-Order-Quantity Inventory System e) Maximum Inventory Level is constant
Please do not give solution in image format thanku Typically George Heinrich yearly uses 1500 of a certain sub assembly part that has an annual holding cost of $45 per unit. Each order placed costs George $150.In one year he finds out that his forecasting department has made an error estimating the demand and instead of the correct demand they had reported the same 1500 units and calculated the EOQ resulting in an error of %1 in optimal total cost. What is the correct demand value?
1- The number of orders in the inventory system (called A) is total demand (called D) divided D by order size per replenishment (called S) or A =". D follows a normal distribution with a mean of 100,000 and standard deviation of 5000. While S is a continuous uniform distribution between 20,000 and 30,000. Generate 500 A random number and find the average.

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If: a= (Round each response to 2 decimal places. If the answer is 100 put 100.00) a. What is the economic order quantity? b. How does the answer change if the holding cost doubles? c. What if the holding cost drops to half? b= D= S= H= C= 1000 per month $35 per order $4 per unit per month