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Ollah's Organic Pet Shop sells about 3,250 bags of free-range dog biscuits every year. The fixed ordering cost is $29, a
Posted: Wed May 04, 2022 8:09 am
by answerhappygod
- Ollah S Organic Pet Shop Sells About 3 250 Bags Of Free Range Dog Biscuits Every Year The Fixed Ordering Cost Is 29 A 1 (26.9 KiB) Viewed 19 times
Ollah's Organic Pet Shop sells about 3,250 bags of free-range dog biscuits every year. The fixed ordering cost is $29, and the cost of holding a bag in inventory for a year is $1.00. Click the icon to view the table of z values. a. What is the economic order quantity for the biscuits? The EOQ is 434. (Enter your response rounded to the nearest whole number.) b. Suppose Ollah decides to order 100 bags at a time. What would the total ordering and holding costs for the year be? (For this problem, don't consider safety stock when calculating holding costs.) The total ordering and holding costs are $. (Enter your response rounded to the nearest dollar.) - X Reference z value Associated service level 0.84 80% 1.28 90% 1.65 95% 2.33 3.08 99% 99.9%