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OSCM373 exam 3 review Q/A 100 PASSED
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A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? - ANS 1,080 EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units. A business owner uses 162 pa...

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  • February 8, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • oscm373 exam 3 review qa 100 passed

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  • A/AS Level
  • AQA
  • ULC ECONS
  • ULC ECONS
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OSCM373 exam 3 review Q/A 100
PASSED

A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding
cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? -
ANS 1,080



EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units.



A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, it take 3 days to
receive the parts once an order is placed, and annual holding cost is 1 dollars per unit. Assume 360 days
in a year. What is the ReOrder Point for parts? - ANS when 486 parts are left



ROP = L*R = 3*162 = 486 parts



Blue Star Ice Cream makes & sells fresh gelato daily. The cost to make a quart of gelato is $10 and it is
sold for $20. Leftover gelato remaining at the end of the day is made into milkshake and sold for $8 per
quart.

What is the optimal Service-Level for Blue Star? - ANS 83.33%



Cs = 20 - 10 = $10

Ce = 10 - 8 =$2

SL = Cs/(Cs+Ce) = 10/ (10+2) = 83.33%



Double-checking your answers before submitting the exam is an example of: - ANS Appraisal Cost

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