Given the Following Data for a Particular Inventory Item For the Economic Order Quantity, What Is the Length of

question 111

Short Answer

Given the following data for a particular inventory item: $$\begin{array} { l l } \text { Usage } & 500 \text { units/week } \\\text { Ordering } & \$ 40 \text { per order } \\\text { Carrying Cost } & \$ .01 \text { per unit per week } \\\text { Lead Time } & 3 \text { weeks } \\\text { Price } & \$ .50 \text { per unit }\end{array}$$ For the economic order quantity, what is the length of an order cycle?

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Definitions:

Noncreative

Lacking originality, innovation, or the ability to produce new or unique ideas or outcomes.

Positive Reinforcement

A process by which rewarding a behavior immediately after it occurs increases the likelihood that the behavior will be repeated.

Desired Behavior

The specific actions or reactions an individual or organization aims to evoke from others.

Manager

An individual responsible for controlling or administering all or part of a company or similar organization.