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Category > Economics Posted 23 Apr 2017 My Price 8.00

economic order quantity (EOQ)

 

 

 

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

Alpha Geek
(8)
Status NEW Posted 23 Apr 2017 11:04 AM My Price 8.00

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Attachments

file 1492947778-economic order quantity EOQ.xlsx preview (200 words )
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