Scm Inventory Management Already Passed

Henry​ Crouch's law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 35​% of the ​$11 unit cost and that annual demand is about 245 units per year. The assumptions of the basic EOQ model are thought to apply. ​a) For what value of ordering cost would its action be​ optimal? b) If the true ordering cost turns out to be much less than your answer to part​ (a), what is the impact on the​ firm's ordering​ policy? {Ans: a) 11x35%=3.85 65^2(3.85)/2(245)=33.2 b) The order quantity should be decreased.}Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6,800 items in its inventory and has hired Joan​ Blasco-Paul to manage its inventory. Joan has determined that 11​% of the items in inventory are A​ items, 38​% are B​ items, and 51​% are C items. She would like to set up a system in which all A items are counted monthly​ (every 21 working​ days), all B items are counted quarterly​ (every 62 working​ days), and all C items are counted semiannually​ (every 124 working​ days). How many items need to be counted each​ day? {Ans: 6800x11%=748 6800x38%=2584 6800x51%=3468