Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A manufacturer has a production facility that requires 1 9 , 9 3 1 ?units of component JY 2 1 ?per year. Following a long

image text in transcribed
A manufacturer has a production facility that requires 1 9 , 9 3 1 ?units of component JY 2 1 ?per year. Following a long - term contract, the manufacturer purchases component JY 2 1 ?from a supplier with a lead time of 1 5 ?days. The unit purchase cost is $ 1 2 . 2 ?per unit. The cost to place and process an order from the supplier is $ 1 1 8 ?per order. The unit inventory carrying cost per year is 1 9 ?percent of the unit purchase cost. The manufacturer operates 2 5 0 ?days a year. Assume EOQ model is appropriate. What is the optimal number of orders per year?
Use at least 4 ?decimal places.
image text in transcribed

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

Project Management Planning And Control Techniques

Authors: Rory Burke

3rd Edition

047198762X, 9780471987628

More Books

Students also viewed these General Management questions

Question

Improving creative problem-solving ability.

Answered: 1 week ago