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What is the economic order quantity

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Jones Surgicenter uses 90,000 bags of IV solution annually. The optimal safety stock (which is on hand initially) is 1,000 bags. Each bag costs the center $1.50, inventory carrying costs are 20 percent, and the cost of placing an order with its supplier is $15. Assume 365 operational days per year.

a. What is the economic order quantity? Note: Format is x,xxx

b. What is the maximum inventory of IV solution bags?   Note: Format is x,xxx

c. What is the center's average inventory of IV solution bags?  Note: Format is x,xxx

d.  How often must the center order (in days)? Note: Round DOWN to the nearest day for this problem. Format is: xx days

Reference no: EM131478463

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