(EOQ)? What are the annual order costs? What are the annual carrying costs? If Antique operates 250 eight-hour days per year and the lead time is eight days, what is the ROP? 4. 2. 3.
(EOQ)? What are the annual order costs? What are the annual carrying costs? If Antique operates 250 eight-hour days per year and the lead time is eight days, what is the ROP? 4. 2. 3.
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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Just needed help with questions 1-4 for this specific problem
Transcribed Image Text:Problems:
Antique manufacturers old-fashioned, rotary telephones
for use in movie scenes (and other displays). Worldwide
demand is 44,000 phones per year. The rotary dial on
each phone costs $0.75. Set up costs are $8. The carrying
costs are 12%.
Your Answers
What is the economic order quantity
(EOQ)?
1.
2.
What are the annual order costs?
3.
What are the annual carrying costs?
If Antique operates 250 eight-hour days per year
and the lead time is eight days, what is the
ROP?
4.
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