Dara runs a dolphin rescue where she cares for and rehabilitates injured dolphins. To cover her overhead she sells tickets to take pictures with the dolphins. These ticket sales cover costs that include feeding her dolphins. Dara knows that she needs to feed her Dolphins 150,000 fish per year. In order to get the correct fish for dolphin food she has an order lead time of 7 days as well as a holding cost of fish of $20. On top of that Dara incurs an annual ordering cost of $37. Calculate the order quantity that makes the most financial sense for Dara (EOQ) Question 4 1 pts PJ owns a PB&J business that sells pre packaged PB&J's as a grab and go item at a food cart in New York City. PJ's demand for his sandwiches are 104 sandwiches per day and he operates 300 days each year. PJ also knows that his ordering cost per unit is $5 and his holding cost for each unit is $10. Lastly his lead time is 4 days to get new sandwiches in. Calculate at what amount of sandwiches PJ should purchase that will make the most financial sense. (Round your answer to the nearest whole number)

Dara runs a dolphin rescue where she cares for and rehabilitates injured dolphins. To cover her overhead she sells tickets to take pictures with the dolphins. These ticket sales cover costs that include feeding her dolphins. Dara knows that she needs to feed her Dolphins 150,000 fish per year. In order to get the correct fish for dolphin food she has an order lead time of 7 days as well as a holding cost of fish of $20. On top of that Dara incurs an annual ordering cost of $37. Calculate the order quantity that makes the most financial sense for Dara (EOQ) Question 4 1 pts PJ owns a PB&J business that sells pre packaged PB&J's as a grab and go item at a food cart in New York City. PJ's demand for his sandwiches are 104 sandwiches per day and he operates 300 days each year. PJ also knows that his ordering cost per unit is $5 and his holding cost for each unit is $10. Lastly his lead time is 4 days to get new sandwiches in. Calculate at what amount of sandwiches PJ should purchase that will make the most financial sense. (Round your answer to the nearest whole number)

Purchasing and Supply Chain Management

6th Edition

ISBN:9781285869681

Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Chapter16: Lean Supply Chain Management

Section: Chapter Questions

Problem 10DQ: The chapter presented various approaches for the control of inventory investment. Discuss three...

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The chapter presented various approaches for the control of inventory investment. Discuss three additional approaches not included that might involve supply chain managers.
The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be the average inventory level?
Catlea Merchandising is engaged in selling school shoesfor both boys and girls in their teenage years. Catlea needs 32,000 pairs of shoes in a year in order to satisfy the market demand. It costs ₱ 48 to place an order while ₱ 8 is needed to hold each quantity of shoe in Catlea's inventory. Upon checking on Catlea's supplier, it takes 8 days in between placing an order and eventually receiving it. a. Determine the Economic Order Quantityb. Determine the number of order per monthc. Determine the reorder point
SF, owner of the kebab houses, uses 20 pounds of mince each day in preparing meatball. Order costs for mince are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the mince itself costs $3.00 per pound. At what point should she reorder mince? Select one: 20 pounds remaining 60 pounds remaining 100 pounds remaining 80 pounds remaining 40 pounds remaining
The Big Buy Supermarket stocks Munchies Cereal. Demand for Munchies is 4,000 boxes peryear (365 days). It costs the store $60 per order of Munchies, and it costs $0.80 per box per yearto keep the cereal in stock. Once an order for Munchies is placed, it takes 4 days to receive theorder from a food distributor. Determine The reorder point
If Sarah wants to minimize inventory holding and ordering costs, how much Palm oil should she purchase with each order (in kgs)?
Based on the records of ABC company, the annual demand for item HP26 has annual demand of 6,582 units. The ordering cost per order is PhP105, and the holding per unit per year cost is PhP136. a. What is the Economic order quantity?b. What is number of times the company will order?c. What is the annual carrying cost?d. What is the annual ordering cost?e. What is the total inventory costs incurred at EOQ?
What is the inventory position if the on-hand quantity is 762 units, scheduled receipts are 225 units, and 230 units are on backorder? Rapallo Sneakers, Inc. sells a pair of LG sneakers for $42. Due to the recent fitness craze, these shoes are in high demand: 52 pairs of shoes are sold per week. The ordering cost is $42 per order, and the annual holding cost is 25 percent of the selling price. If the store operates 48 weeks a year, what can you say about the size of the current order quantity of 225 pairs?
Rocket Racer builds 200,000 go-carts a year and purchases the motors for these carts for $850 each. Ordering costs are $1,040, and Rocket Racer's inventory carrying costs average 15% of the inventory value. What is the total inventory costs for an inventory order size of 4000?
The economic order quantity of NEKO Inc. is 1,000 unit. They sold their sole product for a selling price of P5. It takes P20,000 a year for NEKO Inc. in ordering 1,000 units per transaction. Carrying cost is P4 per unit per year. The lead time for this product is one week. How much sales revenue should NEKO Inc. have for this economic order quantity to be plausible? (Use 360 days a year)
Michaela Bag, engaged in reselling school bags is having problems when it comes to managing its inventory quantities. Most of the time, Michaela Bag would run out of bags because she would order too few quantities. Their annual requirement, as forecasted by its proprietress, is 24,000 bags. The costs associated with carrying every unit of school bag would be ₱7. It is estimated that each order from her supplier will cost ₱300. Compute for Michaela Bag economic order quantity.
explain the characteristics of inventory situations: 1. lead time 2. sources and level of risk 3. Static versus dynamic problems