Joe henrys machines uses 2530 brackets during the courses, Ask an Expert

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Joe henrys machines uses 2530 brackets during the courses of year. these brackets are purchased from supplier 90 miles away the following information is known about the brackets

Annual demand 2530

holding cost per bracket per year $1.65

ordering cost per order $ 18.50

lead time 2 days

working per day per year 250

A what is the EOQ

B what is the average inventory if the EOQ is used what would be the annual inventory holding cost

Average inventory =

C Given the EOQ how many orders would be made each year what be the annual order cost

D Given the EOQ what is the total annual cost of managing ( ordering an holding)

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92567635

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