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help please with these two questions 47 Littlefield Labs processes blood testing jobs and for each job a testing kit is used. Littlefield purchases the
help please with these two questions
47 Littlefield Labs processes blood testing jobs and for each job a testing kit is used. Littlefield purchases the kits as raw materials from a supplier at a price of $600 each and the money is immediately deducted from an interest-bearing bank account with an annual interest rate of 6% when an inventory replenishment order is placed with the supplier. An order is placed to the supplier as soon as Littlefield runs out of inventory and for each order, the supplier also charges a fixed shipping cost of $2000 for a quick one-hour delivery, regardless the size of the order. It is estimated that Littlefield will have an annual demand of 1100 jobs and daily demand is relatively stable over the year. If Littlefield place an EOQ to its supplier every time, what is expected total annual inventory holding cost? (Your simulaton case may vary.) a about $104881 about $6300 about $1541 about $12600 Littlefield Labs processes blood testing jobs and for each job a testing kit is used. Littlefield purchases the kits as raw materials from a supplier at a price of $600 each and the money is immediately deducted from an interest-bearing bank account with an annual interest rate of 6% when an inventory replenishment order is placed with the supplier. An order is placed to the supplier as soon as Littlefield runs out of inventory and for each order, the supplier also charges a fixed shipping cost of $2000 for a same day delivery, regardless the size of the order. It is estimated that Littlefield will have an annual demand of 1100 jobs and daily demand is relatively stable over the year. If Littlefield place an EOQ to its supplier every time, what is expected total annual shipping cost? (Your simulaton case may vary.) about $2000 about $25690 about $6286 about $36332 Step by Step Solution
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