Calculate the eoq and the total annual cost

Assignment Help Operation Management

Reference no: EM13797663

You'll find this assignment on Page 227, Chapter 6 of the text. There are two numbered questions, each with two subsections. The entire assignment is worth 100 points; each subsection is then worth 25 points. To receive full credit, you'll need to:

1. Answer each numbered question, parts a and b.

2. Defend your answer with examples of explanations. These are largely math questions, but you'll want to be able to justify how you arrived at it. If the math is wrong but your reasoning is accurate, you can still get most or even all of the points (this isn't a math class).

3. Use course concepts where applicable in your response. For example, important equations for this week's assignment include Equation

Questions

1. The current order quantity for Paul's Pasta Pinwheels is 200 boxes. The order cost is $4 per order, the holding cost is $0.40 per box per year, and the annual demand is 500 boxes per year.

a. Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes.

b. Calculate the EOQ and the total annual cost for this order quantity.

3. Hottenstein, Griffith, and Hult, attorneys at law, do a great deal of printing. The firm uses a single type of printer with annual demand for print cartridges of 480 per year. The order cost is $15 per order, and the carrying cost is 20 purchase cost of $35 per cartridge.

a. How many print cartridges should the firm order at one time?

b. What is the time between orders?

Reference no: EM13797663

Questions Cloud

Mental image of central and east asia : Create a mental image of Central and East Asia's Historical Geography. What sticks out in your mind the most as being the most influential?

How do prejudice discrimination and the privilege intertwine : How do ethnocentrism, the dominant group and meritocracy intertwine? Explain and give examples. How do prejudice, discrimination and the privilege intertwine?

Determine the maximum injection angle : Determine the maximum injection angle, that will result in the greatest downrange distance, R. Assume v = 10 m/s and g is approximated as g = 10 m/s2

Vulnerable populations and in eliminating health disparities : How do you see community health care and the role of the community health nurse changing in the future?

Calculate the eoq and the total annual cost : Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes. Calculate the EOQ and the total annual cost for this order quantity.

Explai prediction about where mass communication lead people : Add a short bulleted list that highlights three predictions about where mass communication could lead people in the future. Television is what I chose for the media of mass communication.

What are the organizations vision and mission : What are the organizations vision and mission

Health of vulnerable populations in community. : How will you collaborate with other professionals to promote the health of your community as a result of what you have learned in this course.

What you know today about sjoland and thyselius : Knowing what you know today about Sjöland & Thyselius' international opportunity for conducting business, recommend two management decisions you would have made differently back in 2008.

User Account

All Pages