Ross whites machine shop uses 2500 brackets during the

Reference no: EM13455335

Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the year. These brackets are purchased from a supplier a 100 miles away for $15 each, and the lead time is 2 days. The holding cost per bracket per year is $1.50 (or 10% of the unit cost) and the ordering cost per order is $18.75. There are 250 working days per year.

A. What is the EOQ?

B. Given the EOQ, what is the average inventory? What is the annual inventory holding cost?

C. In minimizing cost, how many orders would be made each year? What would be the annual ordering cost?

D. Given the EOQ, what is the total annual inventory cost (including purchasing cost)?

E. What is the time between orders?

F. What is the ROP?

Reference no: EM13455335

Questions Cloud

Determine counter arguments and provide examples of why : write a one to two 1-2 page outline in which yourestate your thesis statement and its overarching main points.

Five groups of rats are fed similar diets except for the : five groups of rats are fed identical diets except for the amount of vitamin a that they receive. each group gets a

A profit-maximizing firm in perfectly competitive market : a you obtained the following short-run cost information of a firm. when the firm produces 2 units of output its

Injections of tc cells completely eliminated all hepatitis : question 1. injections of tc cells completely removed all hepatitis b viruses from infected mice but the injections

Ross whites machine shop uses 2500 brackets during the : ross whites machine shop uses 2500 brackets during the course of a year and this usage is relatively constant

Define civilization do we really need it in order to : define civilization. do we really need it in order to survive and prosper on this planet? the real question is

Discuss the powerful movements that transformed european : discuss the powerful movements that transformed european society during the early modern era.briefly describe the

Barbara bright is the purchasing agent for west valve : barbara bright is the purchasing agent for west valve company. west valve sells industrial valves and fluid control

Primary source responses students will select one source : primary source responses students will select one source from each of the assigned primary source collections and

User Account

All Pages