Calculate economic order quantity

Assignment Help Project Management
Reference no: EM1343308

Calculating economic order quantity

Rocky Mountain Tire Center sells 20,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 20% of the purchase price of the tires per year. The purchase price is $20 per tire if fewer than 500 tires are ordered, $18 per tire if 500 or more - but fewer than 1,000 - tires are ordered, and $17 per tire if 1,000 or more tires are ordered. How many tires should Rocky Mountain order each time it places an order?

Reference no: EM1343308

Questions Cloud

Find network diagram and identify all the path : Find all paths. Which path is the critical path and determine the slack each activity and how long will it take to complete the project
Construct the network diagram : Construct the network diagram and find each activity's EST, EFT, LST adn LFT
Describe how a work breakdown structure can be useful : Describe how a work breakdown structure can be useful during the estimating of a project budget
Relational database management system : explain advantages to using a Relational Database Management system
Calculate economic order quantity : Calculate economic order quantity - How many tires should Rocky Mountain order each time it places an order
What is the projected revenue and costs : What is the projected revenue, costs, and potential profits would be over the next 10 years based on the current capacity,
Feel is the proper length of time for a project : How have the projects you have been involved in been concluded and what do you feel is the proper length of time for a project?
Musical event project management : Woods Ltd have employed you as a consultant to manage this one off special project
Techniques for assessing project risk : Questionnaires and Surveys are well established techniques for assessing project risk

Reviews

Write a Review

Project Management Questions & Answers

  Calculating every contingency cost

Should you, as the project manager, try to control and calculate every contingency cost you can think of?

  Developing a budget number around project schedule

Develop a budget number around our project schedule, be sure to include your constraints and the alternatives you can use to overcome these constraints.

  Project management models and information systems

Compare and contrast at least two project management models for assessing the business value of this envisioned information system.

  Effective project manager

Determine which of the eight traits or skills associated with being an effective project manager would be the most effective when managing a group of newly hired engineers. Justify your position.

  Explain what is the role of the project manager

Explain what is the role of the project manager and describe What are the two most important abilities a good project manager should have?

  Request for proposals

Request for Proposals - What is an RFP, and how do analysts use one to gather information about hardware and system software?

  Part of a project to be scheduled using cpm

What is the critical path and how many weeks will lit take to complete be project

  Project management - multitasking

Multitasking has become the norm in our everyday society and why is it important for a project manager to be aware of multitasking during a project?

  Project management affect success of project outcome

The benefits of project planning, project management within the various types of organizational systems, and how your approach to project management will affect the success of the project outcome.

  Formulate a reasonable investment policy statement

Formulate a reasonable Investment Policy Statement

  Computing after-tax net cash flow of project

What is the after-tax net cash flow in the thirteenth year of the project?

  Ranking of projects differ use of irr or npv measures

The ranking of projects differs on the use of IRR or NPV measures. Which project should be selected? Why is the IRR ranking misleading?

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