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Stanley’s Secretarial Services uses an average of 1,215 boxes of envelopes each year. Carrying costs per...

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Question

Statistics

Stanley’s Secretarial Services uses an average of 1,215 boxes ofenvelopes each year. Carrying costs per box are $75 per year, andit costs $10 to place and receive an order.


a.

What is the optimal order quantity for boxes of envelopes, tothe nearest whole number?


  Economic order quantityboxes


b.

What is the average number of boxes of envelopes in inventory,to the nearest whole number?


  Average number of boxes  


c.

How times will Stanley order envelopes each year (to the nearestwhole number)?


  Number of orders per year  


d.

Compute the total of ordering and carrying costs for boxes ofenvelopes. (Round to the nearest whole number, but do nottype the dollar sign.)


  Total cost$   


e.

Calculate the change in total annual cost, if per-box holdingcosts went up by $9 per year. (Round your intermediatecalculations to 2 decimal places and final answer to 2 decimalplaces, but do not type the dollar sign.)


  Increase by$   

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