Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 395 units. Ordering cost is $36; holding cost is $5 per unit per year. a) To minimize the total cost, how many units should be ordered each time an order is placed? EOQ = units (round your response to the nearest whole number).
Q: b) What is the maximum number of wheel bearings that will be in inventory at Wheel-Rite? units…
A: Given: Annual demand D 11200 Setup cost S 41 Holding cost H 0.6 production per day p 490…
Q: A local distributor for a national tire company expects to sell approximately 9,600 steel-belted…
A:
Q: Resional supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls,…
A: EOQ: Economic request amount is the ideal amount at which requesting and set-up expense and holding…
Q: RonaMart needs 1,000 coffee makers per year. The cost of each coffee maker is $78. Ordering cost is…
A: Economic order quantity model is used by inventory manager to decide the optimum number of quantity…
Q: Need help understanding how to apply the EOQ to the below example... The Metropolitan Bus Company…
A: Note - Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: Ann Chovies, owner of the Perfect Pasta Pizza Parlour, uses 20 pounds of pepperoni each day in…
A: What Is Inventory? Inventory is the raw materials, components and finished goods a company sells or…
Q: The Strawberry Bread Company buys and then sells (as bread) 2.6 million bushels of wheat annually.…
A: Hi, we are supposed to answer three subparts at a time. Since you have not mentioned which subpart…
Q: Saga ltd. produces electronic toys for children between the ages of 7-10 years old. The toys use a…
A: Formula:
Q: A contractor buys cement in 25-pound bags. The contractor uses 1,440 bags a year. Ordering cost is…
A: Note - Hi! Thank you for the question, As per the honour code, we are allowed to answer three…
Q: Yellow Press, Inc., buys paper in 1,500-pound rolls for print-ing. Annual demand is 2,500 rolls. The…
A: Given Information: Annual Demand (D) = 2500 rolls Cost per roll = $ 800 Annual Holding Cost (H) =…
Q: M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates…
A: Formula:
Q: a. What is the EOQ? (Round your answer to a whole number.) EOQ b. How many times per year does the…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: the company expects to sell 19,200 units next year. it operates 360 days a year. annual carrying…
A: Given- Annual Quantity (D) = 19,200 units Annual Holding Cost (H) = P32 per unit Ordering Cost…
Q: Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an…
A: Given data, D Demand 400 H Holding Cost - For part A 5 H Holding Cost - For part B 6 S…
Q: Wood County Hospital consumes 1,000 boxes of bandagesper week. The price of bandages is $35 per box,…
A: Given Information: Weekly Demand = 1000 boxes Annual Demand (D) = 1000(52) = 52,000 Price of…
Q: The demand of paper box every year is 6,400 boxes. Storage and handling costs for the paper are $40…
A: Given data is Holding cost(H) = $40 Annual demand(D) = 6400 Ordering cost (S) = $80
Q: QI AFG Company supplies an electronic amplifier to a company that incorporates these anmplifiers to…
A: Given- Annual Demand (D) = 4000 Units Unit Cost (P) = $10 Holding Cost (H) = 5% of Unit Cost =…
Q: The Pushton Rubbish Company stocks, among many other products, a certain container, each of which…
A: Given data, D Annual Demand 15000 H Holding Cost 4 S Ordering cost 5
Q: I can get a discount of a nickel per roll if I order 2,000 rolls at a time. Under this option, what…
A: THE ANSWER IS AS BELOW:
Q: Annual demand (D) for an item is 1,000 units. Ordering Cost (S) is $100 per order. Holding cost (H)…
A:
Q: A company purchases special metal parts to make office furniture in lots of 100 units to satisfy an…
A: Given Information: Annual Demand (D) = 1600 units Holding cost (H) = $ 0.3 Ordering Cost (S) = $ 40…
Q: Princeton GI Roofing Ltd wants to reduce its total inventory cost using the appropriate EOQ model.…
A: Given, Annual demand, d=43420 sheets Ordering cost, o=Php 120 Holding cost, h=0.20 ×400= Php 80 Lead…
Q: snip
A: Fixed Order Quantity refers to ordering a fixed volume or quantity of order size, whenever inventory…
Q: Bulldogs Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory…
A: Economic order quantity is the optimal quantity that the businesses purchases to minimize their…
Q: Ricky Orange’s annual demand is 12,500 units. Ordering cost is $100 per order. Holding cost is…
A: ANSWER IS AS BELOW:
Q: Demand for dishwasher water pumps is 7 per day. The standard deviation of demand is 2 per day, and…
A: Demand (d) = 7 per day Standard deviation of demand = 2 per day Lead time (L) = 4 days Service level…
Q: Flamingo purchases 8,000 litres of ink each year for its production processes. The unit cost per…
A:
Q: Mattress Firm sells water beds and assorted supplies. Their best-selling bed has an annual demand…
A: Given- Annual demand (D) = 395 units Ordering cost (S) = $43 Holding cost (H) = $5 per unit per…
Q: A produce distributor uses 720 packing crates a month, which it purchases at a cost of $10 each. The…
A: Formula:
Q: Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10…
A: Number of days per year (N) = 360 Daily usage (d) = 10 rolls Standard deviation (SD) per day = 2…
Q: Johnson's Juice sells bottles of "keep me awake during class" fruit juice to college students.…
A: Given,Annual demand of juice bottles= 88,000Holding cost = 16% = 0.16Setup cost = $ 45 per orderThe…
Q: Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an…
A: EOQ - Economic order quantity 2DSH = 2 x 405 x 465⇒37,2605 = 18630 = 136.49 EOQ - 136.49 units
Q: DMC Bikes Co. is a retailer of bicycles. The most popular bicycle has an monthly demand of 3000…
A: EOQ model that is the Economic order quantity model of inventory management is used to minimize its…
Q: Demand for your product averages 10,000 units per year. Placing an order costs $500. The holding…
A: Given - Annual demand (D)- 10,000 units Order costs (S) - $500 units Holding cost (H) - 15% of the…
Q: Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its…
A: The step by step solution of the same is as follows: We will first use the method of EOQ to find the…
Q: It is due today. Please I need help The images are how you are going to do it. For b, I thought…
A: Weekly demand= 100 bags Desired cycle-service level=92% Lead time = 1 week(s) (5 working days)…
Q: A produce distributor uses 790 packing crates a month, which it purchases at a cost of $10 each. The…
A: Given Information: Monthly Demand = 790 packing crates Annual Demand (D) = 790 (12) = 9480 crates…
Q: Discount-Mart, a major East Coast retailer, wants to determine the economic order quantity for its…
A: The formula for calculating EOQ is, EOQ=2 × Annual Demand × Ordering costHolding cost Total annual…
Q: The Cerebro Computer Store purchase printers for $100 each. Demand for this is constant during the…
A: EOQ is the economic order quantity that a company should purchase so that their annual inventory…
Q: Economic Order Quantity A pipe manufacturer requires a chemical for making plastic at the rate of…
A: Economic Order Quantity is a inventory management technique which helps to identify the optimal…
Q: The electrolyte drink for our beloved NMSU soccer team average normally distributed demand of 5…
A: The reorder point (ROP) can be defined as a degree of stock which triggers an activity to recharge…
Q: Firm Tezla produces the product QuickCar. Annual demand for QuickCar is 600 units per year on a…
A: Economic order quantity is a computation used by businesses to determine the best order amount in…
Q: Johnson Tire Plaza (JTP) is a large chain of tire shops, who sells various brand of automobile…
A: Find the Given Details below: Given details Demand (D) 8888 Units/year Carrying (Holding) cost…
Q: William Beville's computer training school, in Richmond, stocks workbooks with the following…
A: The EOQ model of inventory management is used by the firm to minimize its annual inventory cost.
Q: Haulsee Inc. builds 800,000 golf carts a year and purchases the electronic motors for these carts…
A: EOQ is the model of inventory management that reduces the annual inventory cost.
Q: Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 2,250 rolls.…
A: Find the given details below: Given Details Demand (D) 2250 Rolls/Year Cost of roll 625…
Q: Annual demand (D) is 49,000 units. Ordering Cost (S) is $1,000 per order. Holding cost (H) is $2 per…
A:
Q: Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls.…
A: Annual Demand (D)= 10×360= 3600 rolls per day Cost of ordering tape (S)= $1 Carrying costs(H) = 40%…
Q: snip
A: A fixed-order quantity system is one of the most significant in inventory management. For that…
Q: Fill in the following table based on this information: # Optimal Inventory Policy 1 Economic Order…
A: Economic order quantity is the optimal quantity that the business needs to buy the inventory to…
q8
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 405 units. Ordering cost is $46; holding cost is $5 per unit per year. a) To minimize the total cost, how many units should be ordered each time an order is placed? EOQ =? units (round your response to the nearest whole number).Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 400 units. Ordering cost is $38;holding cost is $5 per unit per year. a) To minimize the total cost, how many units should be ordered each time an order is placed? EOQ = enter your response here units (round your response to the nearest whole number). b) If the holding cost per unit was $6.00 instead of $5, what would the optimal order quantity be? New EOQ = enter your response here units (round your response to the nearest whole number).Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 2,250 rolls. The cost per roll is $625, and the annual holding cost is 20 percent of the cost. Each order costs $35. a. How many rolls should Yellow Press order at a time? Yellow Press should order _____rolls at a time. (Enter your response rounded to the nearest whole number.)
- Thomas Kratzer is the purchasing manager for theheadquarters of a large insurance company chain with a centralinventory operation. Thomas’s fastest-moving inventory item hasa demand of 6,000 units per year. The cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. The aver-age ordering cost is $30 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (This is acorporate operation, and there are 250 working days per year.)a) What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f ) What is the total annual inventory cost, including the cost ofthe 6,000 units?Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is 3,000 rolls. The cost per roll is $1,000, and the annual holding cost is 28 percent of the cost. Each order costs $75. Part 2 a. How many rolls should Yellow Press order at a time? Yellow Press should order enter your response here rolls at a time. (Enter your response rounded to the nearest whole number.) Part 3 b. What is the time between orders? (Assume 200 workdays per year.) The time between orders is enter your response here days. (Enter your response rounded to one decimal place.)Please do not give solution in image format thanku Daily demand for Chandler's Footballs varies according to the normal distribution with a mean of 195 and a standard deviation of 12. The lead time is 3 days. If Chandler wants a 98.5% level of service, what should his reorder point be?
- Suppose that R&B Company has a soft drink product that shows a constant annual demand rate of 3600 cases. Ordering costs are $20 per order and holding costs are $0.77. Find the EOQ. Round to two decimal places. __________________ Find the order cost using the EOQ as the quantity. Round to two decimal places. _________________40) PLEASE HELP WITH THIS! Gentle Ben's Bar and Restaurant uses 5,000 quart bottles of an imported wine each year. The effervescent wine costs $3 per bottle and Is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $10 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes three weeks for an order to arrive. Weekly demand is 100 bottles (closed two weeks per year) with a standard devlation of 30 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. b. At what inventory level should he place an order? Note: Use Excel's NORM.S.IN( function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.Please do not give solution in image format thanku Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $1 per order, and carrying costs are 40 cents per roll a year. Lead-time is three days. a) Ignoring the demand uncertainty (i.e., looking only at average values), find the economic order quantity (EOQ) and the reorder point (ROP). b) Consider now the uncertainty. The order quantity remains the same. If the target is to have a 99% annual service level, what should be the ROP
- Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).a. What is the EOQ?b) What is the average inventory if the EOQ is used?c) What is the optimal number of orders per year?d) What is the optimal number of days in between any two orders?e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?Matthew Liotine's Dream Store sells water beds and assorted supplies. His best-selling bed has an annual demand of 390 units. Ordering cost is $47; holding cost is $5 per unit per year. a) To minimize the total cost, how many units should be ordered each time an order is placed? EQQ = units (round your response to the nearest whole number). b) If the holding cost per unit was $6.00 instead of $5, what would the optimal order quantity be? New EOQ = units (round your response to the nearest whole number).Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. Thomas's fastest-moving inventory item has a demand of 5850 units per year. The cost of each unit is $103 and the inventory carrying cost is $9 per unit per year. The average ordering cost is $29 per order. It takes about 5 days for an order to arrive, and the demand for 1 week is 117 units. (This is a corporate operation, and there are 250 working days per year).e) What is the annual cost of ordering and holding inventory?f) What is the total annual inventory cost, including the cost of the 5850 units?