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[DOC File]Basic inventory decisions and EOQ
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Determine the total annual inventory cost? The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D = 600 units, S = $10/order and holding cost is 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost?
calculate total annual inventory cost

[DOC File]BA 353: Inventory Management - Fort Lewis College
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(b) The total annual inventory cost is determined by substituting Q opt into the total cost formula: (c)The number of orders per year is computed as follows: Given that the store is open 311 days annually (365 days minus 52 Sundays, Thanksgiving, and Christmas), the order cycle is
annual ordering cost calculator

[DOC File]6 - UNB
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Total cost = 8 * 10000 + 2(10000 / 500) + 0.16(500 / 2) Total cost = $80080. If we check the total cost for any order quantity other than 500(=EOQ), we will see that the cost is higher. For instance, supposing 600 units per order, then. Total cost = 8 * 10000 + 2(10000 / 600) + 0.16(600 / 2) Total cost = $80081
annual inventory holding cost formula

[DOCX File]MGT 3110: Exam 2 Study Guide
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(d) Compute the total cost of ordering and carrying flour. (e) If annual cost were to increase by $1 per order, how much would that affect. the minimum total cost? Problem 11 (605) A company is about to begin production of a new product. The manager of the. department that will produce one of the components for the product wants to know
total annual cost calculator

[DOC File]INVENTORY MANAGEMENT
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The annual holding cost is (112.5)(4.625) = $520.31. At the optimal solution, the annual holding cost is (52/2)(4.625) = $120.25. The excess holding cost is $400.06 annually. The annual holding and set-up cost incurred by this policy is $520.31 + 28 = $548.31 since there is only one set-up annually.
annual inventory holding cost

EOQ Inventory Management
Annual inventory cost . is the sum of annual holding cost and annual setup (ordering) costs = $250+$2400 = $2650. Sometimes, especially when comparing alternative sources of supply with different per-unit purchase costs, it is necessary to include annual purchasing cost in our total cost computations. If annual demand is 6000 units and book store pays a per-unit price of $25 per unit, then the
total inventory cost calculator

[DOCX File]University of Washington
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Our annual inventory cost IC is IC = (number of deliveries per year)*(setup cost) + (holding cost)*(average inventory) = (Demand/Order Quantity)*S + H*(Order Quantity/2)
inventory holding cost calculator

Total annual inventory cost formula