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 2-hour drive range. |
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The following is the pertinent information about thisbracket: |
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Annual demand |
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2500 |
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Holding cost/bracket/year |
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$1.50 |
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Order Cost/Order |
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XXX |
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Lead Time |
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2 Day |
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Working days/year |
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250 |
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X = 32 Fill in this number and answer the following: |
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a. What is the EOQ order size? |
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b. Given the EOQ above, what would be the average quantity ofthis bracket in Best's inventory? |
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c. What would be the reorderpoint? |
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