A large hospital has an annual demand for 70,000 booklets on healthy eating. It cost $.75 to store one booklet for a year, and it costs $90 to place an order for a new batch of booklets. Find the optimum number of copies per order. The optimum number of copies per order is. (Round to the nearest integer as needed.)
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- The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound PER DAY. Lead time for each order is 3 days, and the pepperoni itself costs $3.00 per pound. Assume this store opens 365 days per year. 司 If she were to order 80 pounds of pepperoni at a time, how many orders per year would there be (do not round)? 365 O30.42 91.25 O 0.25Every day, Fran Chapman of Fran's Flowers makes floral arrangements for sale at the local hospital. The arrangements cost her approximately $12 to make, but they sell for $27. Any leftover arrangements can be sold at a heavily discounted price of $5 the following day. Fran knows from past experience that the daily demand follows a normal distribution. The mean value and standard deviation for demand are 20 and 3, respectively. Suppose that your order qty is 22.02. Use the following table for Loss Function. F(z) L(z) 0.67 0.75 0.14 0.76 0.77 0.13 0.80 0.79 0.12 0.84 0.80 0.11 0.92 0.82 0.09 Compute Expected Lost Sales, Expected Sales, Expected Leftover, and Expected Profit, respectively. 1. 0.42 2. 19.58 3. 2.44 Expected Left Over 4. 276.62 Expected Lost Sales 5. 0.67 Expected Profit 6. 0.33 7. 2.35 Expected Sales 8. 285.3 2.13 >
- Hi, please help me to solve this. Thanks! The average daily demand for rice in a rice distributor is 2,000 sacks. On busier days, it may reach 2,800 sacks. Its supplier always delivers on the 5th day from order. If the distributor uses a fixed order quantity of 40,000 sacks. How much is the expected maximum number of sacks on hand?A local nursery, Greens, uses 1560 bags of plant food annually. Greens works 52 weeks per year. It costs $10 to place an order for plant food. The annual holding cost rate is $5 per bag. Lead time is one week. a) Calculate the economic order quantity. b) Calculate the total annual costs. c) Determine the reorder point.A grocery store orders frozen pies in batches from a bakery and sells them in the grocery store. Storing one frozen pie for a year costs $0.85. When the grocery store reorders pies, there is a fixed cost of $8.05 per order as well as $1.15 per pie. Each year, they sell 3500 frozen pies. What is the optimal number of pies to order in each order to minimize their total inventory costs.
- A hardware store sells paint that has a demand of 9,706 gallons per year. The store purchases the paint from a supplier for 11.2 dollars per gallon The unit holding cost per year is 24 percent of the unit purchase cost. while the ordering cost is 175 dollars per order. The paint supplier has a lead time of 10 days. What is the annual ordering cost if the store uses the order quantity of 2,103 gallons per order? Assume EOQ model is appropriate. Use at least 4 decimal places.1) locke's distributors has has an annual demand for a port authority’s metal detector of 1400 units. The cost of a detector is $400. The transportation cost is 20% of the unit cost and the ordering cost is $25 per order. Considering that if the lead buyer orders in quantities of 300, he can get a 4% discount on the cost of the detectors. Should the company accept the discount? 2) Adam is responsible for monitoring supplies at the Hospital. During the past year, the mean lead time demand for a certain brand of antibiotic was 60. with a lead time standard deviation of 7. Adam would like to maintain a 90% service probability level. What is the most suitable reorder point?A service garage uses 204 boxes of cleaning cloths a year. The boxes cost $12 each. The cost to place one order is $15, and the cost to hold one box in inventory for a year is $2.40. Using this information, what is our total holding and ordering cost if we currently order 12 boxes at a time?
- A photocopier center uses an average of 480 boxes of copier paper a year. The cost of a box is RO 16 and holding cost is 25% per box. It costs RO 60 to order and receive the paper. How many orders they should make in a year? a. 6 orders per year b. 8 orders per year c. 4 orders per year d. 12 orders per yearA large bakery buys sugar in 50-kg bags. The bakery uses an average of 1,344 bags a year. Preparing an order and receiving a shipment of sugar involves a cost of $135. Annual carrying costs are $630 per bag. The bakery operates 280 days per year. Lead time = 2 weeks. Determine the economic order quantity. What is the average number of bags on hand? When should the bakery order for more sugar? How many times per year will the bakery order for sugar?A hospital germ-fighting and floor cleaning robot, named Maurice, costs $104,000. Patients are billed $1 per day for Maurice’s use and upkeep. A certain 300-bed hospital is considering purchasing this robot. What is the simple payback period for Maurice? What assumptions did you make?