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What is the expected time between two consecutive orders

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Reference no: EM132582963

(1) An inventory model of purchasing raw material "A" of XYZ Hotel has the following characteristics:

 

Semi Annual Demand = 36 000 units

Ordering cost = Rs. 150 per order

Unit purchase price = Rs. 200

Holding cost = 30% from acquisition cost

Assume that there are 360 working days in a year

Required to calculate:

Question a. Economic Order Quantity (EOQ)

Question b. How many orders should be placed during one year?

Question c. What is the expected time between two consecutive orders?

Question d. What is the total annual cost of this inventory model?

Reference no: EM132582963

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