Project #7960 - Operations Management

Joe Henry's machine shop uses 2500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following info is known about the brackets:

annual demand:  2500

Holding cost per bracket per year:  $1.80

Order cost per order:  $18.75

Lead time: 2 days

Working days per year: 250

a) What is the EOQ? ___ units (round to two decimal places)

b) What is the average inventory if the EOQ is useed?___ units (round to two decimal places)

What would be the annual inventory holding cost? $___ (round to two decimal places)

c) Given the EOQ, how many orders will be made annually?___orders (round to two decimal places)

What would be the annual order cost? $___(round to two decimal places)

d) Given the EOQ, what is the total annual cost of managing (ordering and holding) the inventory? $____ (round to two decimal places)

e) What is the time between orders? ___days (round to two decimal places)

f) What is the reorder point (ROP)? ___ units (round to two decimal places)

Subject Business
Due By (Pacific Time) 06/19/2013 12:00 am
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