Question

A jewelry store expects to sell 120 diamond bracelets during the next year. It costs $2.25 to store one diamond bracelet for one year. There is a fixed cost of $15 for each order. Find the lot size and the number of orders per year that will minimize inventory costs.

Answer #1

A bookstore expects to sell 400 calculus textbooks during the
next year. It costs $4 to store one calculus textbook for one
year. To reorder, there is a fixed cost of $12.50, plus $0.50 for
each calculus textbook ordered. In what lot size and how many times
per year should an order be placed to minimize inventory costs?

A jewelry firm buys semiprecious stones to make bracelets and
rings. The supplier quotes a price of $8 per stone for quantities
of 600 stones or more, $9 per stone for orders of 400 to 599
stones, and $10 per stone for lesser quantities. The jewelry firm
operates 200 days per year. Usage rate is 25 stones per day, and
ordering costs are $48.
a.
If carrying costs are $2 per year for each stone, find the order
quantity that...

Simpson’s Shoes expects to sell 315 pairs of a certain running
shoe in a year. There is a fixed charge of $140 per order and each
pair of shoes cost the store $7. It costs the store $8 to store a
pair of shoes for a year.
Find the inventory cost as a function of ONLY
the number of shoes/order.
Use methods of Calculus shown recently in class to minimize the
inventory costs. Give appropriate units.
x=____________________________
r=____________________________ Work->
Minimum...

A sporting goods store sells
100
pool tables per year. It costs
$50
to store one pool table for a year. To reorder, there is a
fixed cost of
$25
per shipment plus
$18
for each pool table. How many times per year should the store
order pool tables, and in what lot size, in order to minimize
inventory costs?

(ECP)A sporting goods store sells 100 pool tables per year. It
costs $20 to store one pool table for a year. To reorder, there is
a fixed cost of $40 per shipment plus $16 for each pool table. How
many times per year should the store order pool tables, and in what
lot size, in order to minimize inventory costs?

13) A furniture showroom expects to sell 250 sofas a year. Each
sofa costs the $300, and there is a fixed charge of $500 per order.
If it costs $100 to store a sofa for a year. In your asnwer provide
the storgae cost function, reoder cost function, the total cost
fuction, and use these information to answer how large should each
order be and how often should order be placed to minimize inventory
costs?

Glorious Gadgets is a retailer of astronomy equipment. They
purchase equipment from a supplier and then sell it to customers in
their store. The function C(x)=4x+12000x^-1+4000 models their total
inventory costs (in dollars) as a function of xx the lot size for
each of their orders from the supplier. The inventory costs include
such things as purchasing, processing, shipping, and storing the
equipment.
What lot size should Glorious Gadgets order to minimize their total
inventory costs? (NOTE: your answer must...

Glorious Gadgets is a retailer of astronomy equipment. They
purchase equipment from a supplier and then sell it to customers in
their store. The function
C(x)=4.5x+20000x−1+8000C(x)=4.5x+20000x-1+8000 models their total
inventory costs (in dollars) as a function of xx the lot size for
each of their orders from the supplier. The inventory costs include
such things as purchasing, processing, shipping, and storing the
equipment.
What lot size should Glorious Gadgets order to minimize their total
inventory costs? (NOTE: your answer must...

i need only part a
Scenario:
Dazzle Jewelry Company is a new startup merchandising company
with the goal of offering fine jewelry at reasonable prices. This
goal has been made possible by securing manufactures that have
agreed to offer wholesale prices to Dazzle Jewelry Company.
Dazzle's jewelry supplier's act in good faith is based on the hopes
that this will be a long term relationship, and Dazzle's orders
will increase considerably with the next 18 months. However, in
order for...

Aberwald Corporation expects to order 126,000 memory chips for
inventory during the coming year, and it will use this inventory at
a constant rate. Fixed ordering costs are $200 per order, the
purchase price per chip is $25, and the firm's inventory carrying
costs is equal to 20% of the purchase price. (Assume a 360-day
year.)
Refer to Scenario: Aberwald. If Aberwald holds a safety stock
equal to a 30-day supply of chips, what is Aberwald's minimum cost
of ordering...

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