Home / Questions / Ironwood Co. uses a specialized designed bracket to hold joiststogether. It uses 2500 of t
Ironwood Co. uses a specialized designed bracket to hold joiststogether. It uses 2500 of these brackets every year. Best has giventhis order to a small entrepreneur in 2hour drive range. 








The following is the pertinent information about thisbracket: 


Annual demand 


2500 



Holding cost/bracket/year 

$1.50 



Order Cost/Order 


XXX 



Lead Time 


2 Day 



Working days/year 


250 



X = 32 Fill in this number and answer the following: 










a. What is the EOQ order size? 





b. Given the EOQ above, what would be the average quantity ofthis bracket in Best's inventory? 

c. What would be the reorderpoint? 




Dec 04 2019 View more View Less
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