Purchase Solution

# Reorder Point

Not what you're looking for?

East value Distributors distributes industrial valves and control devices. The Eastern Valve Co. Has an annual demand of 20000 units and cost of \$90 per unit. The cost of ordering is \$100 per order and inventory-carrying cost is estimated to be 5 percent of the cost of each value. Lead-time is four working days. Determine(assuming 250 working days): The economic order quantity, the reorder point, the optimal number of orders per year, the optimal number of days between any two orders.

##### Solution Summary

The solution discusses East Value Distributors distributes industrial valves and control devices. The Eastern Valve Co. Has an annual demand of 20000 units and cost of \$90 per unit. The cost of ordering is \$100 per order and inventory-carrying cost is estimated to be 5 percent of the cost of each value. Lead-time is four working days. Determine(assuming 250 working days): The economic order quantity, the reorder point, the optimal number of orders per year, the optimal number of days between any two orders.

##### Solution Preview

In this case, we have:
<br>D= annual demand=20000
<br>UC=Unit cost = 90
<br>OC=the cost of ordering=100
<br>IC= inventory-carrying cost=5%
<br>L= ...

##### Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

##### Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

##### Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

##### Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.