A juice manufacturing company orders 2,500 kg`s of fruits every quarter of an year. Ordering cost per order is $50. Cost of carrying and preserving the fruits in inventory is 8%/year of the value of average inventory. Per unit cost is $2/kg. Solve for the following a. Quantity Q if the shelf life of fruits is 30 days b. The economic order quantity total cost for both quantities d. What would be the extra cost for ordering EOQ? c. swer: a. 822kg/order b. 2500kg/order c. $673 for 822kg and $400 for 2500kg
A juice manufacturing company orders 2,500 kg`s of fruits every quarter of an year. Ordering cost per order is $50. Cost of carrying and preserving the fruits in inventory is 8%/year of the value of average inventory. Per unit cost is $2/kg. Solve for the following a. Quantity Q if the shelf life of fruits is 30 days b. The economic order quantity total cost for both quantities d. What would be the extra cost for ordering EOQ? c. swer: a. 822kg/order b. 2500kg/order c. $673 for 822kg and $400 for 2500kg
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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