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.
Quantity
1 to 119
120 and up
Price
$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
1
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.
2
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.
3
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.
4
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!