MNGT 377 ProductionOperations Management Assignment 3 (Fall 2019) Na.docx - MNGT 377 Production\/Operations Management Assignment 3(Fall 2019 Name(Please

# MNGT 377 ProductionOperations Management Assignment 3 (Fall 2019) Na.docx

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MNGT 377 Production/Operations Management Assignment 3 (Fall 2019) Name (Please Print): Iventory Management: EOQ Medel Lakeshore Manufacturing Company of Chicago uses 1,600 units of bearings per year. These bearings are purchased frem a supplier in Florida. The following information is known for the problem: Amual demand, D Purchase peice per unit, Holding cost per unit per year exprassed | as a percent of per-unit purchase price.I Ordering cost per order, S Lead time, L Numbar of working days per year 1,600 units S8 20% S80 5 days 250 Answer the followin questions. Use 2-decimal accuracy (eg. 1a23) when necessary. a5 peint The holding cost per unit per year () equals S 2) a.5 peint The economic onder quantity (EOQ) equals, units ja.5 peint Based on the EOQ, the average inventory equals 3) units 4) 0.5 peint Total annual invemtory holding cost oquals S s) a5 pini The optimal number of orders per year equals a.5 peiet Total annual oedering cost equals S 6) 7) 0.5 polnt Total annual inventory cost (excluding the purchase cost) equals S Page 1 of 0.5 peint Time betwoen

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