The firm save annually in ordering and carrying costs

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1. A textbook distributor uses 1000 pallets of carboard boxes a month, which it ourchases at a cost of $20 each. The distributor has assigned an annual carrying cost of 30 percent of the purchase price. Ordering costs are $100 per order. Currently the distributor orders four times a month. How much could the firm save annually in ordering and carrying costs by using the EOQ Model?

2. Around 60 patients arrive every day (24-hour span) at the ER at the local hospital. The average flow time at this ER has been observed to be 6 hours (i.e. time from initial registration to patient discharge, whether to go home or transfer to a different hospital department).On average, how many patients are in the ER at a given time.

Reference no: EM132207028

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