Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Jan 2018 My Price 7.00

Joe Henry’s machine

Joe Henry’s machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:

a) Given the above information, what would be the economic order quantity (EOQ)?

b) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?

c) Given the EOQ, how many orders would be made each year? What would be the annual order cost? d) Given the EOQ, what is the total annual cost of managing the inventory?

e) What is the time between orders?

f ) What is the reorder point (ROP)?

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Jan 2018 04:01 PM My Price 7.00

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