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[answered] 1. Reliant Auto estimates the annual demand for its newest


I need help with a five question case study for a management course. I also need the formulas and work necessary to answer the questions.


1. Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is $55,000, the inventory carrying cost per car per year is $5,000 and the order

 

lead?time is 1 month. Reliant keeps 500 units of safety stock.

 

What is the Economic Order Quantity?

 

2.Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is $55,000, the inventory carrying cost per car per year is $5,000 and the order

 

lead?time is 1 month. Reliant keeps 500 units of safety stock.

 

Approximately what is the order frequency?

 

Select one:

 

a. 3 days

 

b. 1 month

 

c. 10 days

 

d. 1 week

 

3.Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is $55,000, the inventory carrying cost per car per year is $5,000 and the order

 

lead?time is 1 month. Reliant keeps 500 units of safety stock.

 

What is the Demand During Lead Time in units?

 

4.)Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is $55,000, the inventory carrying cost per car per year is $5,000 and the order

 

lead?time is 1 month. Reliant keeps 500 units of safety stock.

 

What is the Maximum Inventory Level Reliant should have, assuming orders arrive on time and inventory is depleted as predicted?

 

5.) Reliant Auto estimates the annual demand for its newest model is 60,000 units, the cost of order preparations is $55,000, the inventory carrying cost per car per year is $5,000 and the order

 

lead?time is 1 month. Reliant keeps 500 units of safety stock.

 

What is the Minimum Inventory Level should have, assuming orders arrive on time and inventory is depleted as predicted?

 


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