Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A department store has the following data on a popular cellphone: Annual Demand: 15,000 units Ordering Cost per order $60 Holding Cost per unit

  

 


image text in transcribed

A department store has the following data on a popular cellphone: Annual Demand: 15,000 units Ordering Cost per order $60 Holding Cost per unit per year $7 Lead-Time Number of weeks per year 5 weeks 52 Number of working days per year 250 Warning: This exam question is copyrighted. Student getting help from online services or classmate violates academic honor code and will receive an F Note: Do not put a comma () in your answer A. Determine the EOQ. Answer Round your answer to a whole number. B. Given the EOQ, how many orders will be made annually? Answer Round your answer to a whole number. C. What is the total annual inventory cost (including ordering and holding costs) if EOQ is used? Answer:= $ Round your answer to a whole number.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these General Management questions

Question

Are there professional development opportunities?

Answered: 1 week ago