Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator production operation, which is operated at a constant rate,...


Can someone help me with the following problems (the last 3) on excel Thank you


Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator<br>production operation, which is operated at a constant rate, will require 9,000 plates_per month throughout the year (HINT: Calculate the annual<br>demand). Assume that the ordering costs are $60 per order, the unit cost is $3 per component, and annual holding costs are 20% of the value of the<br>inventory. Northwest has 300 working days per year and a lead time of 5 days. Fill in the following Optimal inventory policy related blanks (round<br>to two decimal places):<br>Optimal Inventory<br>Policy<br>Answer<br>Economic Order Quantity<br>Q*<br>Annual Inventory Holding<br>Cost H<br>Annual Ordering Cost O<br>Total Annual Cost TC<br>Maximum Inventory<br>Level Q<br>Average Inventory Level<br>Q/2<br>Reorder Point r<br>Number of Orders Per<br>Year (D/Q*)<br>Cycle Time (Days) T<br>

Extracted text: Q1. Northwest Calculators, Inc. purchases plates used in the manufacture of calculators directly from the supplier. Northwest's calculator production operation, which is operated at a constant rate, will require 9,000 plates_per month throughout the year (HINT: Calculate the annual demand). Assume that the ordering costs are $60 per order, the unit cost is $3 per component, and annual holding costs are 20% of the value of the inventory. Northwest has 300 working days per year and a lead time of 5 days. Fill in the following Optimal inventory policy related blanks (round to two decimal places): Optimal Inventory Policy Answer Economic Order Quantity Q* Annual Inventory Holding Cost H Annual Ordering Cost O Total Annual Cost TC Maximum Inventory Level Q Average Inventory Level Q/2 Reorder Point r Number of Orders Per Year (D/Q*) Cycle Time (Days) T

Jun 08, 2022
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