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Rick Jerz is attempting to perform an inventory analysis on one of his most popular products. Annual demand for this pro

Posted: Sun May 08, 2022 4:40 pm
by answerhappygod
Rick Jerz is attempting to perform an inventory analysis on one
of his most popular products. Annual demand for this product
is​ 5,000 units; carrying cost is​ $50 per unit
per​ year; order costs for his company typically run
nearly​ $30 per​ order; and lead time averages 10
days.​ (Assume 250 working days per​ year.)
Part 2
​a) The economic order quantity is
enter your response here
units​ (round your response to the nearest
whole​ number).
Part 3
​b) The average inventory is
enter your response here
units​ (round your response to the nearest
whole​ number).
Part 4
​c) The optimal number of orders per year is
enter your response here
orders​ (round your response to the nearest
whole​ number).
Part 5
​d) The optimal number of working days between orders is
enter your response here
days ​(round your response to two decimal​ places).
Part 6
​e) The total annual inventory cost​ (carrying
cost+ordering
​cost) is
​$enter your response here
​(round your response to two decimal​ places).
Part 7
​f) The reorder point is
enter your response here
units ​(enter your response as a whole​ number).