Calculate the economic order quantity for plastic pellets

Assignment Help Operation Management
Reference no: EM132291980

1. In recent years, there has been a growing attempt to measure the performance of health care providers. The federal government has published data on how hospitals compare to acceptable clinical standards with regards to the treatment for phenomena. Explain how this data may affect the consumer decision-making process (see exhibit 4-1 in your text).

2. MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $50 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item.

Calculate the economic order quantity for plastic pellets for MySchool Notebook.

Reference no: EM132291980

Questions Cloud

Standard was required for judge to grant to search warrant : What crime(s) could Jim be charged with? What standard was required for the Judge to grant to search warrant?
Compare and contrast your current leadership abilities : Leadership Perspectives Assignment - Leadership Self-Assessment and Leadership Development Plan, Toi Ohomai Institute of Technology, New Zealand
Traditions would much prefer to operate under method : Traditions would much prefer to operate under method a, but business exigencies may dictate the use of one of the other methods.
Best way to evaluate inventory management performances : Discuss the best way to evaluate inventory management performances? How do Paradigms, theories, and personal experience influence research methods?
Calculate the economic order quantity for plastic pellets : Calculate the economic order quantity for plastic pellets for MySchool Notebook.
Complete the error-syntaxerror and zerodivisionerror : Complete the Error, SyntaxError, and ZeroDivisionError classes such that they create the correct messages when called.
Workplace diversity can improve the development of ideas : After reading a recent report revealing that workplace diversity can improve the development of ideas,
Complete list of functional requirements : Document a complete list of functional requirements (non-functional requirements are not required). Be specific and describe your requirements
The concept of value and value-based strategies : The concept of value and value-based strategies has become very critical in marketing. (1) What is the definition of value?

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