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A manufacturer has a production facility that requires 18,136 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from
A manufacturer has a production facility that requires 18,136 units of component JY21 per year. Following a long-term contract, the manufacturer purchases component JY21 from a supplier with a lead time of 6 days. The unit purchase cost is $19.3 per unit. The cost to place and process an order from the supplier is $185 per order. The unit inventory carrying cost per year is 17.3 percent of the unit purchase cost. The manufacturer operates 250 days a year. Assume EOQ model is appropriate. If the manufacturer uses a constant order quantity of 1,449 units per order, what is the length of inventory cycle in days? Use at least 4 decimal places
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