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Yorkville University - BUSI 2113 Unit 9 problems BUSI 2113 production and operation management Instructor: Fatima Catalan Problem1)stocks workbooks have following characteristics: Demand D = 19,500 units/year Ordering cost S = $25/order Holding cost H = $4/unit/year Calculate the EOQ for the workbooks
Yorkville University - BUSI 2113
Unit 9 problems
BUSI 2113 production and operation management Instructor: Fatima Catalan
Problem1)stocks workbooks have following characteristics: Demand D = 19,500 units/year
Ordering cost S = $25/order Holding cost H = $4/unit/year
- Calculate the EOQ for the workbooks.
- What are the annual holding costs for the workbooks?
- What are the annual ordering costs?
Problem2
- Find the economic order quantity.
- Find the annual holding costs.
- Find the annual ordering costs.
- What is the reorder point?
Problem3
1-99 units’ price per unit =$350 100-199 units’ price per unit =$325
200 or more units price per unit =$300.
A. Optimal order quantity EOQ = SQRT (2 x D x S / H) = SQRT (2 x 4800 x 120 / 35)
=181units
B. H1 = 10 %∗350=35 $ (1-99 units)
H2 = 10 %∗325 = 32.5 $ (100-199 units)
H3 = 10 %∗300=30 $ (200+ units)
Expert Solution
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