a) To minimize cost, how many units should be ordered each time an order is placed? 104.50 units (10 response to two decimal places). b) How many orders per year are needed with the optimal policy? 2.50 orders (round your response to two decimal places) What is the average inventory if costs are minimized? units (round your response to two decimal places)
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- M. Cotteleer Electronics supplies microcomputercircuitry to a company that incorporates microprocessors intorefrigerators and other home appliances. One of the components has an annual demand of 250 units, and this is constant through-out the year. Carrying cost is estimated to be $1 per unit per year, and the ordering (setup) cost is $20 per order.a) To minimize cost, how many units should be ordered eachtime an order is placed?b) How many orders per year are needed with the optimal policy?c) What is the average inventory if costs are minimized?d) Suppose that the ordering (setup) cost is not $20, and Cotteleerhas been ordering 150 units each time an order is placed. Forthis order policy (of Q 5 150) to be optimal, determine whatthe ordering (setup) cost would have to be.M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 240 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering (setup) cost is $19 per order. a) To minimize cost, how many units should be ordered each time an order is placed? Q= 2DS H b) How many orders per year are needed with the optimal policy? Annual Demand Q Orders per Year = units (round your response to two decimal places). Average Inventory = c) What is the average inventory if costs are minimized? Q 2 orders (round your response to two decimal places). units (round your response to two decimal places). d) Suppose that the ordering (setup) cost is not $21.72, and Cotteleer has been ordering 125 units each time an order is placed. For this order policy (of Q = 125) to be optimal, determine what the ordering (setup)…M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 255 units, and this is constant throughout the year. Carrying cost is estimated to be $0.50 per unit per year, and the ordering (setup) cost is $19 per order. a) To minimize cost, how many units should be ordered each time an order is placed?units (round your response to two decimal places).
- M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 260 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering (setup) cost is $21 per order. a) To minimize cost, how many units should be ordered each time an order is placed? 104.50 units (round your response to two decimal places) b) How many orders per year are needed with the optimal policy? places) orders (round your response to two decimalM. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 260 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering (setup) cost is $21 per order. a) To minimize cost, how many units should be ordered each time an order is placed? 104.50 units (round your response to two decimal places). b) How many orders per year are needed with the optimal policy? 2.50 orders (round your response to two decimal places). c) What is the average inventory if costs are minimized? 52.25 units (round your response to two decimal places). d) Suppose that the ordering (setup) cost is not $21, and Cotteleer has been ordering 150 units each time an order is placed. For this order policy (of Q = 150) to be optimal, the ordering (setup) cost would have to be $ (round your response to two decimal places).M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 260 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering (setup) cost is $21 per order. a) To minimize cost, how many units should be ordered each time an order is placed? units (round your response to two decimal places).
- Mo. M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other homes applliences. demand of 265 units, which is constant throughout the year.The carrying cost is estimated to be $1.25 per unit per year and the ordering cost is $19 per order . Please show your work for full points. (a) To minimize cost, how many units should be ordered each time an order is placed? (b) How many orders are needed per year with the optimal policy? (c) What is the total annual cost of orderieg and holding inventory?Economic Order QuantityA pipe manufacturer requires a chemical for making plastic at the rate of 6000gallons per year. The cost of keeping the chemical storage is $10 per gallon peryear. Ordering costs are $200 per order. The chemical is bought at $45 pergallon.What is the EOQ and the Annual Total Cost?Wood County Hospital consumes 500 boxes of bandages per week. The price of bandages is $70 per box. The cost of processing an order is $60, and the cost of holding one box for a year is 15% of the value of the material. Assume 52 weeks per year. a) The hospital orders bandages in lot sizes of 900 boxes. What extra costs does the hospital incur, which it could save by applying the EOQ concept? b) Demand is normally distributed with a standard deviation of weekly demand being 100 boxes. The lead-time is 1/2 week. What safety stock is necessary if the hospital uses continuous review inventory system, and a 97% service level? What should the reorder point be?
- IV. Owry Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 500 units, and this is constant throughout the year. Carrying cost is estimated to be P2 per unit per year, and the ordering cost is P40 per order. a. To minimize cost, how many units should be ordered each time an order is placed? b. How many orders per year are needed with the optimal policy? c. What is the average inventory is costs are minimized?7. Explain why it is not necessary to include product cost (price or price times quantity) in the EOQ model, but the quantity inventory system. discount model requires this information.1. What are some of the advantages of using sage 50 inventory system 2. Identify the steps to set up inventory item in sage 50 3. Explain the implication of sage 50 as an integrated system Plagiarism =o Write in good English language with examples