Business, 08.11.2020 17:40 brookicooki99

1. A grocery store uses 600 boxes of plastic bags per month. The boxes cost $25 each, placing an order for plastic bags cost $20, and holding costs are $5 per box per month. Using the basic EEQ model, what are: a) the economic order quantity?
b) the average inventory level?
c) the total monthly holding cost?
d) the total monthly ordering cost?

2. A manufacturer produces umbrellas, which it sells for $10 each. The production rate is 400 per day. The monthly demand for umbrellas is 1800(and so usage per day is 60). Setup cost is $50 and holding cost is $1 per umbrella per month. What are:
a) the economic production quantity?
b) the average inventory level?
c) the total monthly holding costs?
d) the total monthly setup costs?

3. A hospital orders latex gloves in lots of 100 boxes. Inventory is depleted at a constant rate and orders are placed so that the new gloves arrive when the inventory of gloves reaches 30 boxes. What is the average inventory level over time?

Answers: 3

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1. A grocery store uses 600 boxes of plastic bags per month. The boxes cost $25 each, placing an ord...