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Henry's dog, Roscoe, really likes cookies. Over the last 12 months, Roscoe ate 11,000 cookies. To save some money, Henry determined the following costs involved
Henry's dog, Roscoe, really likes cookies. Over the last 12 months, Roscoe ate 11,000 cookies. To save some money, Henry determined the following costs involved in Roscoe's habit: - Purchase price: $0.35 each - Order cost: $18.00 per order - Holding/carry cost: 22% A. Calculate the EOQ for the cookies (3 Points) B. Following EOQ, how many times will Henry order cookies? (2 Points) C. Henry knows that Roscoe eats cookies all year round, but fewer cookies per week during the hot summer months. He decides that using a Period Order Quantity method is a better approach. How often (in weeks) should Henry place an order? (3 Points) D. How many cookies, on average, does Henry have in the cookie jar? Assume there is no safety stock. (2 Points)
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