Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a
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Question:
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain 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 inventory carrying cost is $ per unit per year. The average ordering cost is $ per order. It takes about days for an order to ?arrive, and the demand for ?week is units. This is a corporate ?operation, and there are working days per ?year
Part
a ?What is the ?EOQ?
?units round your response to two decimal ?places
Part
b ?What is the average inventory if the EOQ is ?used?
?units round your response to two decimal ?places
Part
c ?What is the optimal number of orders per ?year?
enter your response here orders round your response to two decimal ?places
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