BUSN 603 Problem Set 5 APU

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1. To minimize total inventory cost, Lila should order ____ number 6 screws per order.( Please round to an integer and include no units.)
2. Based on the calculation in Question 1, Lila needs to make __ orders per year.
3. Based on the calculation in Question 2, Lila ' s total ​ordering​ cost is __ ​per year​.( Please round to a whole dollar.)
4. Based on the calculation in Question 1, Lila ' s average inventory is ___.( Please round to an integer and include no units.)
5. Based on the calculation in Question 4, Lila ' s total ​holding​ cost is ___ per year.( Please round to a whole dollar.)
6. If the carry cost were 10 % of the cost, then the optimal order quantity would be ___ pairs of sandal.( Please round to an integer and include no units.)
7. If the optimal order quantity were 100 pairs of sandal, the carry cost should be __ percent of the cost.( Please round to a whole percentage.)
8. The daily demand rate for Rose White ' s machine shop is ___.( Please round to an integer and include no units.)
9. The optimal production quantity for Rose White ' s machine shop is ___.( Please round to an integer and include no units.)
10. Given the optimal production quantity calculated above, it will take __ days for Rose White ' s machine shop to produce the optimal production quantity.( Please round to one decimal point and include no units.)