We use 1,000 electric drills per year in our production process. the
We use 1,000 electric drills per year in our production process. The ordering cost for these is $100 per order and the carrying cost is assumed to be 40% of the per-unit cost. Price is established by the following quantity discount schedule. The company works 250 days per year.
1 to 119
120 and up
$78 per unit
$50 per unit
The size of the optimal order is:
How many orders do we need to place per year?:
How many days do we have to wait between orders? What is the maximum inventory?:
What is the average inventory?
The Holding Cost for the optimal order is:
The Ordering Cost for the optimal order is:
The Total Cost of Inventory (TCI) is:
How it Works
It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.
Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.
After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!