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Can someone check if my work is done right? thank you This homework set has 3 Problems. The total credit for this homework set is
Can someone check if my work is done right?
thank you
This homework set has 3 Problems. The total credit for this homework set is 20 . Please write down your name, ID, and section number on the upper-right corner of the pap Please show your work! Problem 1: (10 Points) A company decides to establish an EOQ for an item. The annual demand is 200,000 unit ordering costs are $40 per order, and inventory-carrying costs are $2 per unit per year. Calculate the following: (a). The EOQ in units. (b). Number of orders per year. (c). Annual ordering cost, annual holding cost, and annual total cost Problem 2: (10 Points) Given this information: - Expected demand during lead time =400 units - Standard deviation of lead time demand =50 units Assuming that lead time demand is distributed normally. The risk of stockout is 1 percent duri lead time. D=200,000H=$2S=$40 a) The EOQ in units. formula Q=sqr(2DS/H) =5qx+(2200,000402)EOQ=2828.427125 b) Uumber of orders per year? Formula DQ 200,0002828.42712570.7106 C) Aninual ordering cost. DSQ200,000402828.427125 Annual Holding cost QHt/22828.42712522=2828.427125Step by Step Solution
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