If the annual demand of gear is 24000 units, replenishment cost is Rs 20 and the cost of holding a unit in stock per annum is Rs 0.0375 Find economic replenishment quantity.
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- b. The demand for an item is 15000 per year. Its production rate is 300 per month. The carrying cost is Rs. 0.50/unit/month and the set up cost is Rs. 400 per set up. the shortage cost is Rs. 30 per unit per year. Find various Parameters of inventory system.Please solve all questions in 30min please Alimin Sdn. Bhd’s plant experiences a daily demand of 100 units of component B that is purchased from a supplier at RM25 per unit. The plants operate 360 days per year. The plant has been using continues review policy for replenishment of the component, with an order size of 400 units. The cost of placing including delivery is RM20 and the annual holding cost per unit is RM4. In order to minimize total annual inventory cost, the company is now considering to use economic order quantity (EOQ) model. Required: a. Calculate total annual inventory cost of component B by using the current policy. b. Calculate the order size by using EOQ formula. c. Calculate total annual inventory cost that the company can save if it uses EOQ. d. Assuming the lead time is 3 days, compute re-order point of component B. Note: Total annual inventory cost = Ordering costs + Holding CostsA. Ltd buys 400 units of an item at a purchase cost Sh.5000 per unit and ordering cost of Sh.2,000 per order placed. The carrying cost is estimated at 24% of cost of an item p.a. The Co. has received a 2% discount offer for purchases of 100 or more units. Required: a) Determine the best inventory policy for this item. b) Determine the discount level at which the firm will be indifferent between taking and not taking the discount offer.
- 2. The EOQ for Material is 7,500 gallons, and the carrying cost per gallon per year is P.25. What is the total annual carrying cost for Material?DC Company order 480,000 packs of orange juice per year from a Manila distributor. Atwo-dozen pack case of juice delivered to DC warehouse cost P48 including freightcharges. The company borrows funds at 10 percent interest rate to finance its inventory.DC Company purchasing agent has calculated that it cost P150 to place an order fororange juice and that the annual carrying cost (electricity, insurance, handling ) is P.80for each pack of juice. a. Determine the Economic Order Quantity.b. Would you accept the offer if the Manila distributor offered a 10% discount off thedelivery price for minimum orders of P60,000 packs?The annual usage of company sed Ltd is 1550 units and placement cost per order is 250. Storage cost per unit per annum is 20 Rupees, calculate the economic order quantity in inventory management ?
- Cafe Celo uses 250 kg of sirloin steak for its meals, every month with an ordering cost of BD 15 and carrying cost of Bd 3, The manager insists on ordering 500 kg every order month. If this is the case, what is the price difference on the Total Cost if the shop will use the optimum quantity? a. BD 320.40 b. BD 319.50 c. BD 289.50 d. BD 322.80 e. None of the Above CLEAR MY CHOICEQ2. An Electrical and Electronics parts manufacturer purchases circuit board for manufacturing electronic circuit board at the rate of OMR 40 per piece from a vendor. The requirements of these parts are 2000 per half yearly and the cost per placement of an order is OMR 40 and inventory carrying charges 20 percent yearly. Calculate the following 1)The EOQ 2)No. of orders in a year, and 3)Time between two successive orders 4)Average yearly cost of Inventory 5)Total inventory cost 6)Total Costb) Zamry Stationary Sdn Bhd purchases pens from a supplier from Segamat. The supplier selling price to the bookstore is at RM2.00 per unit. The cost for the bookstore to place an order is at RM23 and the inventory/ carrying cost is RM0.10/unit/month. The manager estimates that the daily sales will be 134 units and the store open for 240 days in a year. The lead time from the time of order placement until receipt is 3 days. Based on the information below, calculate the following: i. The optimal order quantity (EOQ) ii. The numbers of orders iii. The time between orders iv. V. vi. vii. The inventory level at which the new order should be made The total annual holding cost The total annual setup cost The total annual cost
- DC Company order 480,000 packs of orange juice per year from a Manila distributor. Atwo-dozen pack case of juice delivered to DC warehouse cost P48 including freightcharges. The company borrows funds at 10 percent interest rate to finance its inventory.DC Company purchasing agent has calculated that it cost P150 to place an order fororange juice and that the annual carrying cost (electricity, insurance, handling ) is P.80for each pack of juice. Would you accept the offer if the Manila distributor offered a 10% discount off thedelivery price for minimum orders of P60,000 packs?1. (a)A computer products store colour graphics monitors, and the daily demand is normally distributed, with a mean of 1.6 monitors and standard deviation of 0.4 monitor. The lead time to receive an order from the manufacturer is 15 days. Determine the reorder point that will achieve a 98% service level. (b)Lumumba Carpet Discount Store sells Super Shag carpet. The average daily customer demand for the carpet stocked by the store is normally distributed, with a mean daily demand of 30 metres and a standard deviation of 5 metres of carpet per day. The lead time for receiving a new order of carpet is 10 days. Advice the the store if they desire a reorder point and safety stock for a service level of 95%, with the probability of a stockout equal to 5%.Melur based uses and sells 15,000 units of a products per year with the price of RM60,000. Carrying costs are RM12 per unit per annum and the cost of placing order is RM30. The purchase price per unit is RM4. The lead time is 5 days and therefore Melur Berhad keeps 100 units in inventory as safety stock. Based on the information above compute: i) Economic order quantity of Melur Berhad ii) Number of orders per year