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One of the products sold by OfficeMax is a Hewlett-Packard LaserJet 299 printer. As purchasing manager, you have the following information for the printer: Click
One of the products sold by OfficeMax is a Hewlett-Packard LaserJet 299 printer. As purchasing manager, you have the following information for the printer: Click the icon to view the information for the printer, a. The EOQ is 24. (Enter your response rounded to the nearest whole number.) b. The annual ordering costs and holding costs (ignoring safety stock) for the EOQ is $ 1,242 (Enter your response rounded to the nearest dollar.) c. Suppose OfficeMax currently orders 170 printers at a time. OfficeMax would pay $less in holding and ordering costs per year if it ordered just 17 printers at a time. (Enter your response rounded to the nearest dollar.) Average weekly demand (52 weeks per year): 57 printers Standard deviation of weekly demand: 16 printers Order lead time: 4 weeks Standard deviation of order lead time: 0(lead times are constant) Item cost $170 per printer Cost to place an order: $5 Yearly holding cost per printer. $52 Desired service level during reordering period: 90% (z= 1.28) =
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