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(Solution Download) A food processor uses approximately 28,560 glass jars a month for its fruit juice product. Because o


 

 

 

 

 

 

 

A food processor uses approximately 28,560 glass jars a month

 

for its fruit juice product. Because of storage limitations, a lot

 

size of 4,000 jars has been used. Monthly holding cost is 18 cents

 

per jar, and reordering cost is $60 per order. The company operates

 

an average of 20 days a month.

 

 

  

 

 

 

 

 

 

 

 

a.

 

What monthly penalty is the company incurring by its present

 

order size? (Round your intermediate order quantity to

 

nearest whole number and final answer to 2 decimal places. Omit the

 

"$" sign in your response.)

 

 

  

 

 

 

 

 

 

 

 

  Penalty

 

$   

 

  

 

 

 

 

 

 

 

 

b.

 

The manager would prefer ordering 9 times each month but would

 

have to justify any change in order size. One possibility is to

 

simplify order processing to reduce the ordering cost. What

 

ordering cost would enable the manager to justify ordering every

 

other day? (Round your intermediate order

 

quantities to whole number and the other values to 2 decimal

 

places.Omit the "$" sign in your

 

response.)

 

 

  

 

 

 

 

 

 

 

 

  Cost

 

$   

 

  

 

 

 

 

 

 

 

 

c.

 

Suppose that after investigating ordering cost, the manager is

 

able to reduce it to $50. How else could the manager justify using

 

an order size that would be consistent with ordering every other

 

day? (Round your intermediate order

 

quantities to whole number and final answer to 4

 

decimal places. Omit the "$" sign in your response.)

 

 

 

 

 

 

 

 

  The carrying cost

 

happened to increase rather dramatically from $.18 to approximately

 

$ .

 


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