Samrsquos auto shop services and repairs a particular brand, Ask an Expert

Management Studies

Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates fifty-two weeks per year and weekly demand is 146 filters. Sam estimates that it costs $18 to place an order and his annual holding cost rate is $3 per oil filter. Currently, Sam orders in quantities of 678 filters. Calculate the total annual costs associated with Sam’s current ordering policy.

Calculate economic order quantity.

___ units

Calculate total annual costs using the EOQ ordering policy.

Calculate penalty costs Sam is incurring by using his current policy.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92481072

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