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Andronico's in the financial center is open 300 days a year.-(Answered)

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  • Andronico?s?in?the?financial?center?is?open?300?days?a?year.?They?sell?Organic?Hummus;?andsales?are?approximately?normally?distributed?with?an?average?of?100?tubs/day?and?a?standarddeviation?of?25?tubs/day.?The?wholesale?cost?is?$1.80/tub,?and?they?calculate?their?annual?holdingcosts?by?using?20%?of?the?wholesale?cost.?Orders?cost?$50?to?place,?regardless?of?number?of?tubsordered?and?take?4?days?to?arrive
  • a)?What?is?the?economic?order?quantity?(EOQ)?for?Organic?Hummus??(2887)
  • b)?What?are?total?annual?cycle?stock?holding?costs?for?Organic?Hummus??($519.66)
  • c)?What?are?the?total?annual?fixed?order?costs?for?Organic?Hummus??($519.57)
  • d)?Now?Andronico?s?has?decided?to?save?money?and?manufacture?their?own?Hummus?inhouse,with?a?production?rate?of?600?tubs/day,?their?setup?cost?would?only?be?$7.50/run,and?their?annual?holding?cost?would?be?$0.20/tub,?but?all?other?parameters?remainunchanged.?What?is?the?Economic?Production?Quantity??(1643)

ANDRONICO?s INVENTORY MANAGEMENT SYSTEM

 

May 21, 2016

 

Question:

 

Andronico's in the financial center is open 300 days a year. They sell Organic

 

Hummus and sales are approximately normally...

 

Paper#9255848 | Written in 27-Jul-2016

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