Given the Following Data for a Particular Inventory Item For the Economic Order Quantity, What Are Average Weekly Carrying

question 100

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 are average weekly carrying costs?

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Definitions:

Work Efforts

The amount of physical or mental energy exerted by an individual to accomplish tasks and objectives in a job setting.

Performance Accomplishments

The achievements or outcomes that an individual or group has successfully realized, often measured against preset goals or standards.

Resource Costs

The expenses associated with acquiring the materials and labor needed to produce goods or services.

Goal Accomplishment

The achievement or completion of objectives or targets set by an individual, group, or organization.