Service

Chat Now

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?

 

 

 

 
Abhinav 04-Dec-2019

Answer (UnSolved)

question Get solution