File Tools View MS3053-In-Class-Exercise -EOQ-for student Compatibility Mode - Saved to this PC MS3053-Dr. Kefeng Xu: In-Class Exercise (Inventory Management) Office Supply Inventory Management. The reorder point is defined lead- and s the inventory Psition will not equal the inventory On Hand when an or the v. What is the Annual Order setup Cost? f long lead times, the lead-time deman demand for the item. In case der is placed and the reorder point may be expressed in terms of cither the inven- tory position or the inventory on hand. II. Using the EOQ formula, what is the optimal order quantity Q*? Consider the economic order quantity model with D 5000 (units/year), Co = $32 (order setup cost), Ch = $2/unit-year (unit holding cost), and 250 working days per year. III. For lead time (LT)= 25 days, please identify the reorder point (R-d*LT R1 below) in terms of inventory Position, and in terms of inventory On-Hand. Let I. If the order quantity Q 400 units. What is the daily demand rate (d)? Ri inventory POSITION reorder point (defined as On-Hand + Or- ders-in-Transit); R2 inventory On-Hand reorder point. ii. What is the maximum inventory level? And the average inventory Then (R1, R2)? level? ii. What is the Annual inventory Holding Cost? For comparisons, if LT-15 days, then (R1, R2) ? iv. How many orders per year would be placed? And, conversely, what is the cycle time (T) in terms of "years" or "days" respectively? End of document Focus 11086 Screens 1-2 of 2 10:33 AM OType here to search 8/7/2019 File Tools View MS3053-In-Class-Exercise -EOQ-for student Compatibility Mode - Saved to this PC MS3053-Dr. Kefeng Xu: In-Class Exercise (Inventory Management) Office Supply Inventory Management. The reorder point is defined lead- and s the inventory Psition will not equal the inventory On Hand when an or the v. What is the Annual Order setup Cost? f long lead times, the lead-time deman demand for the item. In case der is placed and the reorder point may be expressed in terms of cither the inven- tory position or the inventory on hand. II. Using the EOQ formula, what is the optimal order quantity Q*? Consider the economic order quantity model with D 5000 (units/year), Co = $32 (order setup cost), Ch = $2/unit-year (unit holding cost), and 250 working days per year. III. For lead time (LT)= 25 days, please identify the reorder point (R-d*LT R1 below) in terms of inventory Position, and in terms of inventory On-Hand. Let I. If the order quantity Q 400 units. What is the daily demand rate (d)? Ri inventory POSITION reorder point (defined as On-Hand + Or- ders-in-Transit); R2 inventory On-Hand reorder point. ii. What is the maximum inventory level? And the average inventory Then (R1, R2)? level? ii. What is the Annual inventory Holding Cost? For comparisons, if LT-15 days, then (R1, R2) ? iv. How many orders per year would be placed? And, conversely, what is the cycle time (T) in terms of "years" or "days" respectively? End of document Focus 11086 Screens 1-2 of 2 10:33 AM OType here to search 8/7/2019