Answer questions 12 to 16 based on the following problem Q-12 Medro & Mariana were trying to set up an inventory system
Posted: Fri May 20, 2022 6:02 am
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Answer questions 12 to 16 based on the following problem Q-12 Medro & Mariana were trying to set up an inventory system for the coffee beans they sell. They came up with the following information: Annual demand = 15000 bags Holding cost = 25 KD per bag per year Ordering Cost = 75 KD per order Number of working days per year = 300 days Lead time = 2 days Current order quantity = 600 bags/order = = What is the economic order quantity (EOQ) for the bags of coffee beans ? (4 Points) a. 100 bags/order b. 200 bags/order c. 300 bags/order d. 400 bags/order e. None of the above
13 What is the reorder point if they use the EOQ quantity? (4 Points) a. 100 bags O b. 200 bags c. 300 bags d. 400 bags e. 50 bags
14 What is the number of orders in a year using the EOQ value? (4 Points) a. 300 orders/yr b. 100 orders/yr c. 50 orders/yr d. 10 orders/yr e. None of the above
15 What is the number of working days between orders using the EOQ value? (4 Points) a. 6 days b. 8 days c. 10 days d. 50 days e. 300 days
16 How much can Medro & Mariana save in their total annual inventory cost by using an order size equal to the EOQ instead of continuing to use the current order quantity of 600 bags? (4 Points) a. 1250 KD/yr b. 1562.5 KD/yr c. 1875 KD/yr d. 3125 KD/yr e. None of the above