Quiz – EOQ Increase
MyOMLab Operations Management
Heizer, Render and Munson
13th Edition
Given the number of units, the ordering cost, and the holding cost… find the units per order.
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Given the number of units, the ordering cost, and the holding cost… find the units per order.
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Given the cans per month, the number of manufacturing days, and the lead time in days… find the reorder point.
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Given the weeks that the firm is operating, the demand for its products, the days in which they manufacture products, and the lead time, determine the quantity that they should order more products.
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Given the monthly demand for bottles of shampoo, determine the economic order quantity.
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Given the monthly demand for staples, the rate at which they can be produced per day, the operating days in a month, and the setup cost for a run and holding cost, determine the economic production quantity, EPQ.
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Determine the YETI Coolers Inventory Turns, as well as the weeks of supply.
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Solves any basic EOQ (Economic Order Quantity) problem. WARNING! Make sure that both DEMAND and the HOLDING COST are both expressed as ANNUAL. If one of them is not annual, convert to an annual value for the solver input. Note: the letter S = order cost. The cost-minimizing quantity is the “number to order each time”. Also provides average inventory and number of orders each year.
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