Question
Joe Henrys machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following
Joe Henrys machine shop uses 2,500 brackets during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:
Holding cost per bracket per year: | 10% |
Order cost per order: | $18.75 |
Lead time: | 2 days |
Working days per year: | 250 |
Unit cost | $15 |
Given the above information, what would be the economic order quantity (EOQ)? [ Select ] ["225", "250", "125", "75"]
Given the EOQ, what would be the average inventory? [ Select ] ["25", "100", "125", "150"] What would be the annual inventory holding cost? $ [ Select ] ["167.30", "187.50", "200.30", "177.50"]
Given the EOQ, how many orders would be made each year? [ Select ] ["12", "9", "5", "10"]
Given the EOQ, what is the total annual cost of managing the inventory? $ [ Select ] ["265", "350", "125", "375"]
What is the time between orders? [ Select ] ["37", "20", "25", "15"] days
What is the reorder point (ROP)? [ Select ] ["12", "7", "20", "10"]
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