Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2:03 ~ ~ WOO & D Question 1 10 pts EOQ-3145 Hex Bolts at the Dr. V's hardware store are sold at a fairly steady
2:03 ~ ~ WOO & D Question 1 10 pts EOQ-3145 Hex Bolts at the Dr. V's hardware store are sold at a fairly steady rate of 60/week. Each Hex bolt costs 2 cents and each sells at the store for 15 cents. It cost Dr. V, $12 to initiate the order. Holding costs are based on an annual interest rate of 25%. Assume 52 weeks/year. Determine the each of the following: 1. Optimal number of pencils for the bookstore to purchase round up to the next whole number. For example, if you calculate 1,123, write 1123 as your answer 2. the time in between placement of the orders years. round up to 2 decimals. For example if you calculate 3.145567, write 3.15 as your answer. 3. the holding cost for the optimal Q weeks. round up to 3 decimals. For example if you calculate 3.1455, write 3.146. 4. The setup cost for the optimal Q weeks. round up to 3 decimals. For example if you calculate 3.1455, write 3.146
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started