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Krafty City is a large retailer that sells power tools and other hardware supplies. One of its products is the KraftyMan workbench. Information on the
Krafty City is a large retailer that sells power tools and other hardware supplies. One of its products is the KraftyMan workbench. Information on the workbench is as follows. Annual demand = 1,000 Holding cost = $18 Ordering cost = $100 Click the icon to view the table of z values. a. What is the economic order quantity for the workbench? The EOQ is 105. (Enter your response rounded to the nearest whole number.) b. Suppose that KraftyCity has to pay $55 per workbench for orders under 170 but only $36 per workbench for orders of 171 or more. What order quantity should Krafty City use? KraftyCity should order workbenches at a time. (Enter your response rounded to the nearest whole number.) i More Info z value 0.84 1.28 1.65 2.33 3.08 Associated service level 80% 90% 95% 99% 99.9% Print Done Enter your answer in the answer box and then click Check
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