What is the economic order quantity for water

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1. The manufacturing company uses 10,000 units of raw material at its workstations, each 10 hours of production. The cycle time for a standard container, which holds 50 units, averages 30 minutes. If management uses an efficiency factor of 30%, how many containers should be used?

Please do work in Excel and show formulas.

2. The manager of EZ-Mart (open 365 days a year) sells 60 cases of water each day. Order costs are $20 per order, and water costs $0.30 per bottle (each case of water contains 24 bottles). Daily holding costs are equal to 2% of the cost of the water. What is the economic order quantity for water?

Please do work in Excel and show formulas.

Reference no: EM132241556

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