Annual demand-find the optimal order quantity

Assignment Help Operation Management
Reference no: EM13967088

ABC Company has annual demand of 3000 units, the setup or ordering cost is $15; and the holding cost per unit per year is $0.75. Find the Optimal order quantity. (Show all your calculations. If you can’t find the square root sign, you can simply type “Square root of”)

Reference no: EM13967088

Questions Cloud

Formulate the problem as a linear programming problem : Union Airways is adding more flights to and from its hub airport and so needs to hire additional customer service agents. The five authorized eight-hour shifts and staffing costs per agent are Shift 1: 6am to 2pm $170 per agent Shift 2: 8am to 4pm $1..
Safety stocks be considered a form of insurance : Why should safety stocks be considered a form of "insurance?" Why does a transporter think in terms of keeping equipment moving?
Respectively to achieve the minimum operating cost : UPS wants to deliver 400 packages in downtown Miami today. There are 11 large trucks available with capacity 40 packages each, and 10 small trucks with capacity 25 packages each. Solve the problem using excel; in other words, find the number of drive..
Problem to maximize the revenue as a linear program : Bond aroma co. sells two products: cologne and perfume. Cologne sells for $3 per ounce; each ounce requires 2 grams of fragrance, and 6 grams of intensifier. Perfume sells for $8 per ounce; each ounce requires 4 grams of fragrance, 2 grams of intensi..
Annual demand-find the optimal order quantity : ABC Company has annual demand of 3000 units, the setup or ordering cost is $15; and the holding cost per unit per year is $0.75. Find the Optimal order quantity. (Show all your calculations. If you can’t find the square root sign, you can simply type..
Research on link between happiness and health demonstrates : Lottery winners are no happier than anyone else a year after their big win. Similarly, people who have experienced serious physical injuries seem to "get over it" fairly well across time and return to their pre-injury level of happiness. These findin..
Find the number of kilometres that the car could travel : Explain how you could use your graph to ?nd the number of kilometres that the car could travel on average for £12. Construct a formula for the cost in pounds, C, of travelling x kilometres.
Localization be on collection of international statistics : Many countries take a major terminology such as ICD and customize it to suit their local needs. Discuss the costs and benefits of this approach from an individual country’s point of view. What could the impact of Localization be on the collection of ..
What is the permanent strain at the end of the experiment : What is the phenomenon of the change of specimen height during static loading called? What is the phenomenon of the change of specimen height during unloading called?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd