Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ISCUSsion. Assume: 1. Cost to place an order is $48.00 2. The minimum weight to qualify for a TL rate is 32,000 pounds 3. Inventory

image text in transcribed
image text in transcribed
ISCUSsion. Assume: 1. Cost to place an order is $48.00 2. The minimum weight to qualify for a TL rate is 32,000 pounds 3. Inventory carrying cost is 32% 4. Our average order cycle time (from when we receive the order to customer receipt of product) is 8.2 days with a standard variation of 1.7 days 5. Annual demand is 10,752 units 6. Cost per unit is $112.00 7.15 units per case (but you do not have to order in case lots) 8.365 days in a year D Question 6 7.5 pts How many TIMES will you order per year if you use Harris's EOQ to determine your ordering quantity? O 5,376.0 times per year 0977.5 times per year O 358.4 times per year O 65.2 times per year 63.4 times per year O 11.2 times per year

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_2

Step: 3

blur-text-image_3

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

Multicriteria Decision Making Systems Modeling Risk Assessment And Financial Analysis For Technical Projects

Authors: Timothy Havranek, Doug MacNair, James Wolf

3110765640, 978-3110765649

More Books

Students also viewed these Accounting questions

Question

What are the recommendations for someone with a terminal illness?

Answered: 1 week ago