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can you provide a solution and explanation in every question? thank you. this topic is all about Inventory Management Problems: Economic in pesos, No
can you provide a solution and explanation in every question? thank you.
this topic is all about Inventory Management
\\ Problems: Economic in pesos, No of materials orders. The J Corporation determine the manufacturing cost per order of a raw materials is P25. The company expects to use P50,000 of this materials in the coming year. Its carrying charge is 10% of inventory. Determine the following: a. Economic Order Quantity in Pesos b. Number of times the raw materials be ordered in the coming year c. Average inventory d. Total relevant inventory costs at EOQ Optimal safety quantity, Miagao Company is in the process of establishing the optimal safety stock quantity and has provided you the following data: Supplier's net invoice price P2,000 Carrying costs rate 5% Number of orders per year 12 Stockout cost per occurence 4,300 Probability of stockouts: Safety stock Probability of stockout Safety stock Probability of stockout 0 90% 300 25% 100 60% 400 10% 200 40% Calculate the following: a. Carrying cost per unit of safety stock b. Tabular analysis to determine the safety stock as per given safety stock level c. The optimal safety quantity assuming an 80% probability of stockoutStep by Step Solution
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