{"id":126395,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/explain-what-is-the-eoq-and-what-should-be-the-safety-stock"},"modified":"2017-08-16T06:09:47","modified_gmt":"2017-08-16T06:09:47","slug":"explain-what-is-the-eoq-and-what-should-be-the-safety-stock","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/explain-what-is-the-eoq-and-what-should-be-the-safety-stock\/","title":{"rendered":"Explain what is the eoq and what should be the safety stock"},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>An ophthalmologist\u2019s office operates 52 weeks per year. It purchases disposable contact lenses for $11.70 per pair. The following information is available about these lenses.<\/p>\n<p>Demand = 90 pairs\/week<br \/> Order cost = $54\/order<br \/> Annual holding cost = 27% of purchasing cost<br \/> Desired cycle-service level = 80%<br \/> Lead time = 3 weeks<br \/> Standard deviation of weekly demand = 15 pairs<br \/> Current on-hand inventory is 320 pairs, with no open orders or backorders.<\/p>\n<p>Currently, the company uses a continuous review system,<\/p>\n<p>a. What is the EOQ?<\/p>\n<p>b. What should be the safety stock? What should the reorder point be?<\/p>\n<p>c. An inventory withdrawal of 10 pairs was just made. Is it time to reorder?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An ophthalmologist\u2019s office operates 52 weeks per year. It purchases disposable contact lenses for $11.70 per pair. The following information is available about these lenses. Demand = 90 pairs\/week Order cost = $54\/order Annual holding cost = 27% of purchasing <a href=\"https:\/\/www.benedictsol.com\/blogs\/explain-what-is-the-eoq-and-what-should-be-the-safety-stock\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126395","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=126395"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/126395\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=126395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=126395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=126395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}