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Inventory Management

9) Independent demand means the demand for item is independent of the demand for any
other item in inventory. Example: demand for bicycle, TV and table.
Dependent demand - the demand for item is dependent upon the demand for some other
item in the inventory. Example: the demand for cloth (fabric) depends on the demand of
clothing.
10,000
10) d = = 33.3
300

 ROP = 33.3 × 5

= 2,100 units

12) D = 15,000 units per year

S = \$75
H = \$25
2 (15,000)(75)
a) Q* = √ = 300 units
25
300
b) Annual holding cost =( ) 25 = 3,750
2
15,000
c) Annual ordering cost = 75 = 3,750
300

13) D = 36,000 disks

S = \$25
2(36,000)(25)
H = \$0.45 Q= √ = 2000 units
0,45

Purchase price = \$0.85

Discount price = \$0.82
D 𝑄
TC = Q 𝑆 + H + PD
2
36,000 2000
TC = 25 + 0.45 + 0.85 × 36,000
2000 2

TC = 31,500
Quantity needed to qualify for the discount = 6,000 disks. Should the discount be taken?
36,000 6000
TC = 25 + 0.45 + 0.82 × 36,000
6000 2

TC = 31,020
So, the discount should be taken because the total cost of discount 31,020 is lower than
31,500 means its more worth it.
14) D = 500 units per month → 6000 units per year
H = 50% → 0.5
S = 75
a) Vendor 1:
2DS
EOQ (Q1*) = √ IP
2(6000)(75)
= √(0.5)(\$20.00)
900000
=√ 10

= √90,000
= 300 units
2(6000)(75)
EOQ (Q2*) = √ (0.5)(\$18)

= 316 units
2(6000)(75)
EOQ (Q3*) = √ (0.5)(\$16)

= 335 units
Vendor 2 :
2(6000)(75)
EOQ (Q1*) = √ (0.5)(\$20.5)

= 296 units
2(6000)(75)
EOQ (Q2*) = √ (0.5)(\$18.5)

= 312 units
2(6000)(75)
EOQ (Q3*) = √ (0.5)(\$18)

= 316 units
2(6000)(75)
EOQ (Q4*) = √ (0.5)(\$16)

= 335 units
Vendor 1: Q1 = 300
Q2 = 500
Q3 = 1000
Vendor 2: Q1 = 296
Q2 = 400
Q3 = 800
Q4 = 1200
c) Vendor 1
Disc. Unit Order Annual Annual Annual Total Cost
No Price Quantity Product Ordering Holding
Cost(P×D) 𝐷 𝑄
Cost(𝑄 𝑆) Cost( 2 𝐻 ×

0.5)
1 \$20 300 10,000 \$125 \$1,500 \$11,625
2 \$18 500 9,000 \$75 \$2,250 \$11,325
3 \$16 1000 8,000 \$37.5 \$4,000 \$12,037.50
Vendor 2

Disc. No Unit Order Annual Annual Annual Total

Price Quantity Product Ordering Holding Cost
Cost Cost Cost
1 \$20.50 296 10,250 \$127 \$1,517 \$11,894
2 \$18.50 400 9,250 \$94 \$1,850 \$11,194
3 \$18 800 9,000 \$47 \$3,600 \$12,647
4 \$16 1,200 8,000 \$31 \$4,800 \$12,831

So, the supplier can choose Vendor 2 that has the cheapest total cost in Discount No 2 which is
\$11,194.