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Joe Henry's machine shop uses 2500 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets:Annual Demand: 2500Holding Cost per bracket per year: $1.50Order cost per order: $18.75Lead Time: 2 daysWorking days per year: 250
a.) Given the above information, what would be the economic order quantity (EOQ)?b.) Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?c.) Given the EOQ, how many orders would be made each year? What would be the annual order cost?d.) Given the EOQ, what is the total annual cost of managing the inventory?e.) What is the time between orders?f.) What is the reorder point (ROP)
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The accumulation of cash balances in excess of those ordinarily required for the short-term needs of working capital
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In this assignment you will develop an Extended Entity Relationship Diagram (EERD) for Orthopedic Alliance of Plano (OAP). The database will be used to keep track of all aspects of its healthcare business as described below.
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