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Lee's Machine Shop has estimated net requirements for a particular part as follows: Month 1 12 3 4 5 6 17 18 19 10 11
Lee's Machine Shop has estimated net requirements for a particular part as follows: Month 1 12 3 4 5 6 17 18 19 10 11 12 Requirement 200 170 130 140 140 250 150 170 100 180 70 200 Ordering cost associated with this part is $600. Estimated inventory carry cost is $4 per unit per month. Currently, no parts are available in inventory. The company wishes to know when and how much to order over the next 12 months Question 11 (1 point) If you choose to use EOQ lot sizing model, what is the EOQ? (Enter your response as the nearest whole number) Question 12 (1 point) If you choose to use EQ lot sizing model, how many times do you need to order? O 6 07 O 8 O
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