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PLEASE HELP ME SOLVE THIS FROM 1-6!!! Use the following problem statement to answer questions 1-6. [EOQ] The STU company buys 200 tapes per month.
PLEASE HELP ME SOLVE THIS FROM 1-6!!!
Use the following problem statement to answer questions 1-6. [EOQ] The STU company buys 200 tapes per month. The ordering cost of the tapes is $11.00. Holding cost is $3.00 per tape per year. Assume 300 working days a year and 12 months per year. No backordering is allowed. Stock is received 3 working days after an order has been placed. Answer the following questions. Round to four decimal places. How many tapes should the company order at a time? 54.0111 132.6650 0 What is the average number of tapes on hand? 4.5686 66.3325 Question 3 4pts What is the time between orders in days? 1.007716.5831 Question 4 4pts What is the length of order cycle? 99.0000 005,53 99.0000 0.0553 Question 5 4 pts What is the total annual inventory cost associated with EOQ? 0 20.0000 397.9950 Question 6 4 pts What is the optimal number of orders placed per year? 2.0000 18.0907 Step by Step Solution
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