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Joe Henry's machine shop uses 2450 brackets per year.Brackets are purchased from a supplier 90 miles away.

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Joe Henry's machine shop uses 2450 brackets per year.Brackets are purchased from a supplier 90 miles away.;Annual demand = 2450;Holding cost per bracket per year = $1.65;Order cost per order = $ 18.50;Lead time = 2 days;Working days per year = 250;A. what would be the economic order quantity (EOQ)?;B.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?

 

Paper#31882 | Written in 18-Jul-2015

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