Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 youimage text in transcribed

image text in transcribed 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=2828.427125

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

The ABCs Of Property Management

Authors: Ken McElroy

1st Edition

9781937832537

More Books

Students also viewed these General Management questions

Question

What does this public not want on this issue?

Answered: 1 week ago

Question

What does this public want on this issue?

Answered: 1 week ago