Calculate the economic order quantity for this item

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Reference no: EM132132492

1. Consider a store that buys a chocolate and caramel candy bar for $1 ( the bar is then sold at retail for $1.50). Annual demand is 5,000 bars, the carrying rate is 20 percent, and the order cost is $10 per order. Currently the store orders the candy in quantities of 1,000 per order. a. calculate the annual inventory cost on this policy b. calculate the economic order quantity for this item c. calculate the inventory cost if the EOQ is used

2. Toyota and its competitors. What are the main competitDemand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week. Lead time is two days, and the dairy is open seven days a week.

Now an order is place when there is a supply of 8 gallons on hand. What is the probability of experiencing a stockout before this order arrives?

A. 0.1423

B. 0.4168

C. 0.5832

D. 0.8577

ORS for Toyota nowadays ( 2018)? ( competitive analysis) Who do they have to fear?

Reference no: EM132132492

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