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Wilson's appliance shop uses 7,500 silicone tubes during the year, and this usage is constant throughout the year. These
Posted: Thu May 05, 2022 6:37 pm
by answerhappygod
- Wilson S Appliance Shop Uses 7 500 Silicone Tubes During The Year And This Usage Is Constant Throughout The Year These 1 (37.79 KiB) Viewed 34 times
Wilson's appliance shop uses 7,500 silicone tubes during the year, and this usage is constant throughout the year. These silicone tubes are purchased from a supplier 150 miles out of state for $15 each, and the lead time is 3 days. The holding cost per silicone tubes per year is $2.00, equivalent to 10% of the unit cost and the ordering cost per order is $19.75. There are 300 working days per year. a. What is the EOQ? b. Given the EOQ, c. What is the average inventory? d. What is the annual inventory holding cost? e. In minimizing cost, how many orders would be made each year? f. What would be the annual ordering cost? g. Given the EOQ, what is the total annual inventory cost (including purchase cost)? h. What is the time between orders? i. What is the ROP?