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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 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 2-hour 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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