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Thomas Kratzer is the purchasing manager for the headquarters of a large Hotel with a central inventory operation. ? ?Thomas's fastest - moving inventory item
Thomas Kratzer is the purchasing manager for the headquarters of a large Hotel with a central inventory operation. ?Thomas's fastest moving inventory item has a demand of ?units per year. The cost of each unit is $ ?and the interest on tied up money is ?The average ordering cost is $ ?per order. This is a corporate ?operation, and there are ?working days per ?year.
a ?What is the ?EOQ? units round your response to two decimal ?places
b ?What is the optimal number of orders per ?year? orders round your response to two decimal ?places
c ?What is the optimal number of days in between any two ?orders? days round your response to two decimal ?places
d ?What is the annual cost of ordering ?inventory? $ per year round your response to two decimal ?places
e ?What is the total annual inventory ?cost ?including the annual purchase cost of the units ? per year round your response to two decimal ?places
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