William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year $27/order Ordering cost S 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).
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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.William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,000 units/year Ordering cost S $23/order Holding cost H $4/unit/year a) The EOQ for the workbooks is (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). c) What are the annual ordering costs? $ (round your response to the nearest whole number).William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: a) The EOQ for the workbooks is (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). c) What are the annual ordering costs? $ (round your response to the nearest whole number). Demand D Ordering cost S Holding cost H 19,300 units/year $24/order $4/unit/year
- William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering cost S Holding cost H a) The EOQ for the workbooks is (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? Annual Holding Cost = Average Inventory x Annual Holding Cost per Item = c) What are the annual ordering costs? Annual Ordering Cost = Ordering Cost per Order Number of Orders Q H=$ = Ordering Cost per Order x (Total Annual Demand/Order Size) D = $ (round your response to the nearest whole number). 19,400 units/year $26/order $4/unit/year (round your response to the nearest whole number).William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: a) The EOQ for the workbooks is (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). c) What are the annual ordering costs? $, (round your response to the nearest whole number). William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering cost S Holding cost H 20,000 units/year $26/order $4/unit/year a) The EOQ for the workbooks is (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). c) What are the annual ordering costs? $ (round your response to the nearest whole number).William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D Ordering cost S Holding cost H 20,000 units/year $27/order $3/unit/year a) The EOQ for the workbooks is 600 (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $ your response to the nearest whole number). (round
- William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,100 units/year Ordering cost S $23/order Holding cost H $5/unit/year a) The EOQ for the workbooks is enter your response here (round your response to the nearest whole number). b) What are the annual holding costs for the workbooks? $enter your response here (round your response to the nearest whole number). c) What are the annual ordering costs? $enter your response here (round your response to the nearest whole number).As the Manager of Branson’s Department Store, you are responsible for ensuring that reorder quantities for the various items have been correctly established. You decide to test one item and choose product Z. A continuous review inventory policy has been used, so you examine this as well as other records and come up with the following data: Cost per unit $35 Holding cost 20 percent of unit cost Average daily demand 10 units Ordering cost $30 per order Standard deviation of daily demand 3 units Delivery lead time 4 days Because customers generally do not wait but go elsewhere, you decide on a service probability of 90 percent. Assume that Branson’s Department Store operates 320 days per year. [What is the annual demand (D)? Determine the optimal order quantity, Q*. Determine the reorder point (R) if demand is constant. Determine the reorder point (R) if demand is varies.Abey Kuruvilla, of Parkside Plumbing, uses 1,200 of a certain spare part that costs $25.00 for each order, with an annual holding cost of $24.00. a) Calculate the total cost for order sizes of 25, 40, 50, 60, and 100 (round your response to the nearest whole number). b) What is the economic order quantity? units (round your response to the nearest whole number). Order Size 25 40 50 60 100 Total Cost ($)
- Golden Crust Bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags ayear. Preparing an order and receiving a shipment of flour involves a cost of $10 per order.Annual holding costs are $75 per bag. Once an order for flour is placed, it takes six (6) days toreceive the order from the flour factory. The bakery operates 350 days per year.Calculate the following:(i) Economic Order Quantity(ii) Expected number of orders (Order Frequency)(iii) Average inventory(iv) The annual holding cost(v) The annual ordering cost(vi) The total annual cost of inventory management(vii) Reorder point(viii) If holding costs were to increase by $9 per year, how much would thataffect the minimum total annual cost?K William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: Demand D 19,400 units/year $27/order Ordering cost S Holding cost H $5/unit/year a) The EOQ for the workbooks is (round your response to the nearest whole number).Annual demand= 360 units Holding cost per year = 1 $ per unit Ordering cost = $ 100 per order Compute EOQ , total cost(holding and ordering cost),no of order per year and expected time (days) between orders(Assuming a 300-day work ) and what would the actual total holding and ordering costs be if the annual demand was actually higher than estimated i.e 500 units instead of 360 units, but the EOQ established above is used. If demand for an item is 3 units per day, and delivery lead time is 15 days, what would be the re-order point?