Question
In: Advanced Math
Use the data from problem 12 BELOW. If the lead time for placing an order is...
Use the data from problem 12 BELOW. If the lead time for placing an order is 5 days, and Technology Corporation holds a safety stock equal to a 30-day supply of chips, then at what inventory level should an order be placed? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
Q12. Technology Corporation expects to order 126,000 memory chips for inventory during the coming year, and it will use this inventory at a constant rate. Fixed ordering costs are $200 per order; the purchase price per chip is $25; and the firm’s inventory carrying costs is equal to 20 percent of the purchase price. (Assume a 360-day year.) What is the economic ordering quantity for chips? Enter your answer rounded to two decimal places. For example, if your answer is 12.345 then enter as 12.35 in the answer box.
Solutions
Expert Solution
Use the data from problem 12 BELOW. If the lead time for placing
an order is 5 days, and Technology Corporation holds a safety stock
equal to a 30-day supply of chips, then at what inventory level
should an order be placed?
Colby Messinger answered 2 years agoRelated Solutions
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