Which of the following lot-sizing techniques is likely to prove the most complex to use? ○ A. periodic order quantity (POQ) B. lot-for-lot C. economic order quantity (EOQ) D. Wagner-Whitin
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- Most inventory models attempt to minimize Select one: Oa. the safety stock O b. the number of orders placed O c. the likelihood of a stock out O d. the number of items ordered Oe. total inventory based costsSuppose the College of Engineering is planning to sell merchandise this year. They don't know how many students will be interested or how many will sell, so they've received three quotes for orders of different sizes. Assume the relationship is linear or best fit. a) What is the fixed cost? ✔ [ Select] 300 200 250 500 would cost, based on the above calculations? b) What are the Variable c) If the merchandise is v Small Order Medium Order Large Order Units 250 500 1000 [Select] Cost Quote $5,000.00 $9,500.00 $18,900.00 they need 1,500 units, what do you predict it d) If the College of Engineering were to receive an offer from a different producer for a flat rate of $19 per shirt, what would be the breakeven point between the two scenarios (round to the nearest 10 units)? [Select]Please do not give solution in image format thanku What are order cycle costs if annual demand is 8,000 units, with the following order quantities and annual order cost is $97? a. Order quantity of 1,000 = b. Order quantity of 500 = C. Order qty of 8,000 =
- NEED ALL THREE QUESTIONS Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $9 per unit of average inventory. Every time an order is placed for more item X, it costs $6. a. Whenever item X is ordered, what should the order size be? (Round your answer to the nearest whole number.) b. What is the annual cost for ordering item X? (Round your answer to 2 decimal places.) c. What is the annual cost for storing item X? (Round your answer to 2 decimal places.)39 Item X Is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2,700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $20. a. Whenever item X is ordered, what should the order size be? Note: Round your answer to the nearest whole number. b. What is the annual cost for ordering item X? Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.The EOQ model isa) not very useful in practice since the assumptions areunrealisticb) finds the optimal safety stockc) is quite useful, due to the fact that the optimum is quite flatd) depending on the standard deviation of the demande) has an impact of the re-order-point
- 39) please help me with this Item X Is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random basis, uses about 2.700 of item X, which costs $25 each. Storage costs, which include insurance and cost of capital, amount to $5 per unit of average inventory. Every time an order is placed for more of item X, it costs $20 c. What is the annual cost for storing item X? Note: Round your order quantity to the nearest whole number and your final answer to 2 decimal places.Identification: 1. It refers to the series of repeated procedures to find solutions used in most mathematical models. 2. These are known quantities whose values are usually given. 3. It is an inventory model that is intended to minimize the ordering and carrying cost of an inventory.Economic order quantity (Q*) is 4,000 units. Annual demand (D) is 12,000 units. Find number of orders per year (N*) and time between orders (T*) in years. Group of answer choices N*=3 times per year, T* cannot be calculated N*=0.33 times per year, T*= 0.33 weeks N*=17.3 times per year, T*= 3 years N*=3 times per year, T*= 0.33 years N*=3 times per year, T*= 3 years
- The stock in the second bin in a two-bin system is equal to Select one: O a. 50% of the order quantity O b. Order quantity O c Lead time demand O d. Same as the first bin O e. None of the aboveWhich of the following is an aim of economic order quantity purchasing? O a Minimizing the total cost Ob. Minimizing transport cost c. Minimizing the storage cost Od. Minimizing the ordering costDiscuss the role and implications of safety stock within the framework of the Wilson approach for inventory control.