Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products. Annual demand for this product is​ 5,000 units; carrying cost is​ $50 per unit per​ year; order costs for her company typically run nearly​ $30 per​ order; and lead time averages 10 days.​ (Assume 250 working days per​ year.) ​a) The economic order quantity is ​b) The average inventory is ​c) The optimal number of orders per year is ​d) The optimal number of working days between orders is ​e) The total annual inventory cost​ (carrying costordering ​cost) is ​ ​f) The reorder point is

Solution :

Given :

The annual demand, units

Ordering cost,

Carrying cost,

Lead time, L = 10 days

Number of days per year = 250 days

So, average demand is d = days

                                         =  = 20 units

a). The economic order quantity, Q =

                                                               = 77 units

b). Average inventory =

                                    ≈ 39 units

c). Number of orders per year =

                                                  = 65 units

d). Time between orders =  x number of days per year

                                        = 3.85

e). Annual ordering cost =

                                        = $ 1948.05

    Annual carrying cost =

                                          = $ 1925

    Total annual cost of inventory = $ 1948.05 + $ 1925

                                                       = $ 3873.05

f). Reorder point =

                            units

no i will dont mark is joking

we will subscribe.what is ur channels name

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.