A bookstore has an annual demand for 44,000 copies of a best-selling book. It costs $0.50 to store one copy for one year, and it costs $80 to place an order. Find the optimum number of copies per order. A. 3,752 copies B. 5,307 copies C. 4,530 copies OD. 3,377 copies
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- Give typed full explanation If a purchase discount is taken: I. there is a saving in purchase cost. II. ordering costs are reduced. III. carrying costs are increased. IV. there is not necessarily a net saving.Given Information Service Level - 95% (z value= 1.6649) Order Cost - $125Order Cycle (weeks) - 4, 5, 6, 7, 8Lead Time (weeks) - 2 weeksOperating Time - 52 weeks Standard deviation = 69.3237 Variable Holding Cost - 12.019% Fixed Holding Cost - 1,659,317.307 COMPUTE FOR ECONOMIC ORDER QUANTITY (EOQ) PER ORDER CYCLE. THANK YOUUUUUThe total stockout cost = $ enter your response here. (Enter your response as a whole number.)
- A manufacturer of hospital supplies has a uniform annual demand for 80,000 boxes of bandages. It costs $20 to store one box of bandages for one year and $320 to set up the plant for production. How many times a year should the company produce boxes of bandages in order to minimize the total storage and setup costs? Question content area bottom Part 1 The company should produce boxes of bandages enter your response here time(s) a year.20. A large law firm uses a constant 50 reams of copier paper per day. The lead timefor the paper is approximately normal, averages 9 days, and has a standard deviationof 3 days. What reorder point provides a service level of 90%?40) PLEASE HELP WITH THIS! Gentle Ben's Bar and Restaurant uses 5,000 quart bottles of an imported wine each year. The effervescent wine costs $3 per bottle and Is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $10 each time an order is placed, and holding costs are 20 percent of the purchase price. It takes three weeks for an order to arrive. Weekly demand is 100 bottles (closed two weeks per year) with a standard devlation of 30 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. b. At what inventory level should he place an order? Note: Use Excel's NORM.S.IN( function to find the z value. Round z value to 2 decimal places and final answer to the nearest whole number.
- Based on the average demand sales data provided. What is the inventory carrying cost, i.e., cost per unit p year? Cost of Ordering Cost Days per Year Average Daily Lead Time Product Cost/Unit $250 Capital Demand 250 $500 10 2 a. $50 O b. $75 O C. $100 O d. $125 e. . $150 30%Weekly Average Demand 110 Standard deviation of (weekly) demand 30 Setup cost ($) 1400 Lead time (in weeks) 2 Procurement cost ($) 200 Holding cost /unit/week ($) 3 You are given the demand and inventory related information about a grocery store’s product in the table. The store is open for 46 weeks in a year. What is the reorder point if it wants to achieve a service level of 97%? (Do not round your intermediate calculations. Round your final answers to the nearest whole number.Please do not give solution in image format thanku 3. SunValley Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering tape is $1, and carrying costs are 40 cents per roll a year. Lead time is three days. a. What is the EOQ? b. What ROP will provide a service level of 95 percent? c. What would be the ROP for the tape if the lead time has a standard deviation of 1 days?
- It is due today. Please I need help The images are how you are going to do it. For b, I thought the answer for the reorder point was 132, but it is false(not correct). I find a, but i need help with b. 1. Sam's Cat Hotel operates 52 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about these bags. Refer to the standard normal table for z-values. ≻Demand = 100 bags/week ≻Order cost = $58/order ≻Annual holding cost = 29 percent of cost ≻Desired cycle-service level=92 percent ≻Lead time = 1 week(s) (5 working days) ≻Standard deviation of weekly demand = 18 bags ≻Current on-hand inventory is 300 bags, with no open orders or backorders. a. What is the EOQ? Sam's optimal order quantity is 445 bags. (Enter your response rounded to the nearest whole number.) What would be the average time between orders (in weeks)? The average time between…Given Information Service Level - 95% (z value= 1.6649) Order Cost - $125Order Cycle (weeks) - 4, 5, 6, 7, 8Lead Time (weeks) - 2 weeksOperating Time - 52 weeks Standard deviation = 69.3237 Variable Holding Cost - 12.019% Fixed Holding Cost - 1,659,317.307 QUESTION: Compute for annual variable holding cost. Formula Given: (EOQ/2) x (Unit cost x Percentage Value of Inventory)5. Why can it be bad business practice to not maintain adequate inventory? A. Results in high inventory carrying costs B. Results in a long average collection period C. Can result in stockouts and lost business D. Can result in a long average payment period E. None of the above 6. Splodnick Corporation sells 40,000 units of nebulous ambiguities every year. It costs them $100 to order more units, regardless of the order size. It costs Splodnick 63 cents per year to carry each unit. Using the Economic Order Quantity model, what should be Splodnick’s optimal number of units per order? Round your answer to the nearest whole number of units. A. 356 B. 3,563 C. 283 D. 178 E. None of the above