Calculate the yearly inventory management cost

Assignment Help Management Information Sys

Reference no: EM131162623

A portion of a hospital pharmacy formulary contains the twenty medications listed in Table EX 11.5 . Ordering cost of items is $ 30 and yearly carrying cost is 5 percent of the unit price.

a. Determine basic the EOQ on each item.

b. Provide the ABC classification of these items.

c. Calculate the yearly inventory management cost.

d. Determine the investment cost (per cycle) for each item.

Reference no: EM131162623

Questions Cloud

Three basic characteristics of capitalism : What are the three basic characteristics of capitalism? What are the three basic characteristics of socialism? What is democratic socialism? What are the three major sectors of the economy? Define and illustrate each of these?

Is the level of correlation reduced for all three pairs : Refer to part b. Find the correlation between u and u2, u and u3, and u2 and u3. What do you observe? Is the level of correlation reduced for all three pairs?

Formulate as a nonlinear program : Formulate as a nonlinear program. Apply four iterations of the Frank-Wolfe algorithm; graphically identify the optimal point, using the property that even- and odd-numbered points lie on lines directly toward the optimum.

Understand by the term globalisation : What do you understand by the term ‘Globalisation'? Discuss three ways in which globalisation is a positive force of change in your society(Fiji). What are some of the negative impacts (at least 3 examples) the globalization process has had on yo..

Calculate the yearly inventory management cost : Provide the ABC classification of these items. - Calculate the yearly inventory management cost. - Determine the investment cost (per cycle) for each item.

What is the bond investment at amortized cost for april : On April 1, Dicor Corporation purchased $56,000 of 5-year, 4% bonds of Syte Ltd. for a purchase price equal to the discounted cash flows. What is the bond investment at amortized cost for April 1

Perform basic eoq analysis for each item : Perform basic EOQ analysis for each item. - Classify the implant inventory items according to the ABC analysis.- Calculate the yearly inventory management cost.

Do you detect any multicollinearity in these variables : Consider the independent variables selected by the stepwise regression run in Exercise 6.8. Do you detect any multicollinearity in these variables? If so, do you recommend that all of these variables be used to predict low-bid price, y?

What assumptions have you made about demand : Project the incremental, annual, and cumulative cash benefits and outflows associated with the proposed expansion for the next seven to 10 years, using a spreadsheet or other relevant presentation vehicle to support your narrative. For example, wh..

User Account

All Pages