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Inventory Management_Assignment #8 0 Saved Help Save & Exit Submit 5
points eBook Refe rences A large law firm uses an average of 16 packages of copier paper a day‘ Each package contains 500 sheets The firm operates 250
days a year. Holding cost for the paper is $1 per year per package, and ordering cost is $7 per order. a. What order quantity would minimize total annual ordering and holding cost? (Round the final answer to the nearest whole
number.) EOQ packages b. Calculate the tota annual inventory control cost using your order quantity from part a. (Round the final answer to 2 decimal
places.) Tc t»: c. Except for rounding, are annual ordering and holding costs equal at the E00?
A} Yes LJNo d. The office manager is currently using an order quantity of 180 packages. The partners of the firm expect the office to be managed in
a cost-efficient manner. Would you recommend that the office manager use the optimal order quantity instead of180 packages? L) Yes QNo 9:53 AM 11/2/2019 E5

Top Answer

Part a) EOQ = 237 packages... View the full answer

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