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A small copy center uses 5 500-sheet boxes of copy paper a week. Experience suggests that...

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General Management

A small copy center uses 5 500-sheet boxes of copy paper a week.Experience suggests that usage can be well approximated by a normaldistribution with a mean of 5 boxes per week and a standarddeviation of .50 boxes per week. 2 weeks are required to fill anorder for letterhead stationery. Ordering cost is $5, and annualholding cost is 35 cents per box. Use Table. a. Determine theeconomic order quantity, assuming a 52-week year. (Round youranswer to the nearest whole number.) EOQ 86 boxes b. If the copycenter reorders when the supply on hand is 11 boxes, compute therisk of a stockout. (Round "z" value to 2 decimal places and finalanswer to 4 decimal places.) Risk c. If a fixed interval of 7 weeksis used for ordering instead of an ROP, how many boxes should beordered if there are currently 25 boxes on hand, and an acceptablestockout risk for the order cycle is .0228? (Round "z" value to 2decimal places and final answer to the nearest whole number.)Q0

Answer & Explanation Solved by verified expert
3.7 Ratings (675 Votes)
a Economic order quantity QAnnual demand D 5 per week 52 weeks 260 boxesOrdering cost S 5Annual holding cost    See Answer
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