Required-

Please solve the question no.4 correctly. Thank you!

Economic Order Quantity EOQ formula (Q*): Q*= 250 where, Q* = Economic Order Quantity, in units S = Cost of placing and receiving an order (setup cost) D = Annual demand, in units C = Annual cost of carrying one unit in inventory Total Costs Formula (TC): TC = Ordering Costs + Carrying Costs TC = (D/Q* x S) + (Q*/2 xC) Optimal length of one inventory cycle: T* = or 0* D/365 365 x Q* D ds there to search Documento . Word Mumu Sen me Insert Draw Design Layout References Mailings Review View Help Tell me what you want to do Thesaurus Thesaurus A lo + Previous simple Markup Reject Next Show Previous Word Count Translate Language Track Accept Compare Read Aloud Speech Check Accessibility Accessibility New Delete Comment - Show Comments Comments Show Markup Changes - 19 Reviewing Pane - Tracking Next Block Authors Prot Ting Language Changes Compare SportsMart sells 360,000 baseballs annually. The baseballs cost SportsMart $15 per dozen ($1.25 each). Annual inventory carrying costs are 20% of inventory value and the cost of placing and receiving an order are $72. Determine the A) Economic Order Quantity B) Total annual inventory costs of this policy C) Optimal ordering frequency A. Economic Urdcr Quantity D=Demand: S = Setup cost: C = Carrying cost: 360,000 baseballs $72 20% x $1.25 = $0.25 per baseball = O* = 2SD 2($72)(360,000) $0.25 Q* = 14,400 baseballs (1,200 dozen) B. Total Annual Inventory Costs (TC) D = Demand: 360,000 baseballs 524 words Type here to search EU VULLI Mullu sem Draw Design Layout References Mailings Review View Help Previous L ax A y Next Check Translate Language New Delete Accessibility Comment- E Show Comments Accessibility Language Comments Previous EN I SO Accent A Read Aloud Speech Accept Compare Next Block Authors Proti Changes Compare Tell me what you want to do ... OS Simple Markup Reject - EZShow Markup Track Changes - 09 Reviewing Pane. Tracking Q* = . 2SD = 2($72)(360,000, IC V $0.25 0* = 14,400 baseballs (1,200 dozen) B. Total Annual Inventory Costs (TC) D = Demand: 360,000 baseballs S = Setup cost: C = Carrying cost: $0.25 per baseball Q* = EOQ: 14,400 baseballs TC = (360,000/14,400x$72) + (14,400/2 x$0.25) TC = $3,600 $72 e to search C. Optimal Ordering Frequency (T*) D = Demand: 360,000 baseballs Q* = EOQ: 14,400 baseballs T* = 365 x (* = 365 x 14,400 360,000 14.6 days T* = rch C r utgers.instructure.com/courses/26607/assignments/480439 A) Economic Order Quantity B) Total annual inventory costs of this policy C) Optimal ordering frequency 4) Nike sells 1,000,000 basketballs annually. The baseballs cost Nike $180 per dozen ($15.00 each). Annual inventory carrying costs are 20% of inventory value and the cost of placing and receiving an order are $150. Determine the: A) Economic Order Quantity B) Total annual inventory costs of this policy C) Optimal ordering frequency Previous Next > 11:23 PM 9/27/2019 Type here to search up delete home