Hi! Attached below is my answers for our EOQ practice problems!

  1. For maximum financial benefit and storage space utilization, order 405 syringes each time the inventory drops to 110 (about every 18 days). 2. For maximum financial benefit and storage space utilization, order 93 boxes of red top tubes each time the inventory drops to 55 (about every 17 days). 3. For maximum financial benefit and storage space utilization, order 198 boxes glass slides each time the inventory drops to 493 (about every 6 days).  

Carl Ivan A. Paulo Assignment Answers   Problem 1 Annual usage: 8000 boxes of syringe Cost of ordering: 10,250 per order Annual holding cost: 1000 pesos per year Lead time: 5 days Answer: EOQ:405 EOP: 110 ROT: 18 Conclusion: For maximum financial benefit and storage space utilization, order 405 syringes each time the inventory drops to 110 (about every 18 days)   Problem 2 Annual usage: 2000 boxes of red top tubes Cost of ordering: 4350 per order Annual holding cost: 2000 pesos per year Lead time: 10 days Answer: EOQ: 93… Read More