Economic Order Quantity and Optimal Order Size

Book Company purchases papers from the Atlantic Paper Company. Metropolitan produces magazines and paperbacks that require 1,21 5,000 pounds of paper per year. The cost per order for the company is $1200; the cost of holding 1 pound of paper in inventory is $0. 08 per year. Determine the following: a) The economic order quantity b) The minimum total annual cost c) The optimal number of orders per year d) The optimal time between orders
Question 2 The purchasing manager for the Atlantic Steel Company must determine a policy for ordering coal to operate 12 converters. Each converter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. The purchasing manager has determined that the ordering cost is $80 per order and the cost of holding coal is 20% of the average dollar value of inventory held. The purchasing manager has negotiated a contract to obtain the coal for $12 per ton for the coming ear. ) Determine the optimal quantity of coal to receive in each order. B) Determine the total inventory-related costs associated with the optimal ordering policy (do not include the cost of the coal). C) If 5 days of lead time are required to receive an order of coal, how much coal should be on hand when an order is placed? Question 3 The Pacific Lumber Company and Mill process 10,000 logs annually, operating 250 days per year. Immediately upon receiving an order, the logging company’s supplier egging delivery to the lumber mill, at a rate of 60 logs per day.
The lumber mill has determine that the ordering cost is $1,600 per order and the cost of carrying logs in inventory before they are processes is $1 5 per log on an annual basis. Determine the following: a) The optimal order size b) The total inventory cost associated with the optimal order quantity. C) The number of operating days between orders d) The number of operating days required to receive an order. Economic Order Quantity and Optimal Order Size By nonmilitant
Approximate price: $22
We value our customers and so we ensure that what we do is 100% original..

With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.