Question

Bubble and Squeak
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year.
How many orders per year does the diner place if they order at the economic order quantity?  (Submit your complete for this question through a separate link)

		5
		18
		9
Bubble and Squeak The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year. What is average time between orders if the diner orders at the economic order quantity? (Submit your complete for this question through a separate link) 2.92 weeks 11.68 weeks 5.84 weeks 8.76 weeks Bubble and Squeak The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas. Over the past year, 11,882 cups of English peas are sold. It costs four cents ($0.04) to hold a cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!). Assume there are 52 working weeks in a year. What is the total inventory related costs (inventory holding and ordering costs) if the diner orders at the economic order quantity? (Submit your complete for this question through a separate link) $80.10 $26.70 $106.80 $53.40		14

Answer 1

Given dafain Annual demand (0) = 11,882 cups Holding cost (C)= 0.04 $ Ordering cost (6) - 3$ No. of working weeks per year = 52 weeks al Economic poder quantity (EDP) = 20 g order Ang [2x11882X3 v0.oy = 1335.02 cups ñ 1335 No. of order = Annual demand - Eog = 11882 = 8.9 ~ 1335 1. Hence, option (C) is correct. Average time between order = EOQ Annual demand 1335 11882 = 0.112 years or 0.112x 52 =5.84 weeks Ary Hence, option (C) is correct. b)

- © Total inventory cost At Eag = ordering + Holding cast Cost = D xco + Eogxen = 11982_x3 + 1335x0.04 1335 53.40 $ Hence, option (d) is correct Ane گے۔
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