Company place using the optimal order quantity

Assignment Help Operation Management
Reference no: EM131466890

A company uses 240 boxes of typing paper each year. The company is trying to determine its optimal order quantity that will minimize its total inventory costs. Each time an order is placed, it costs the company approximately $24 in shipping, receiving and inspecting the goods upon arrival. Since storage space is at premium, the company estimates that it incurs a cost of $20 per box per year. How many orders per year will the company place using the optimal order quantity?

Reference no: EM131466890

Questions Cloud

Case-hopital universitaire de mirebalais-partners in heal : Hôpital Universitaire de Mirebalais, Partners In Health in Haiti Financial Viability and Under Financial -Leverage Technologies
Protect tobacco companies from further liability : Are the warnings on the cigarette packs sufficient to protect tobacco companies from further liability?
Determine its optimal order quantity : determine its optimal order quantity that will minimize its total inventory costs
Identify opportunities for increasing smith market share : Analyse the market position of Dick Smith relative to its competitors. Identify the drivers of Dick Smiths' performance relative to its competitors
Company place using the optimal order quantity : How many orders per year will the company place using the optimal order quantity?
What is the hourly capacity of the system : What is the hourly capacity of the system (in units per hour)? Suppose we improve Machine C. After improvement, each unit.
About to prepare an aggregate plan : Planners for a company that makes several models of skis are about to prepare an aggregate plan that will cover 6 periods.
Discuss the environmental variables : MRKT20057 Assessment 2 - Maximum length: 1500 words - provide you a real world experience through an applied and innovative task.
Define self-fulling prophecy and describe : Define self-fulling prophecy and describe: Pygmalion, Galatea and Golem effect.

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss impact of this issue on well-being of their employee

Describe the problem facing the organization that's related to diversity. Discuss why this is a problem. Discuss the impact of this issue on the well-being of their employees. What are the potential ramifications if the organization doesn't correct t..

  What is ethical dilemma and four approaches

Explain in your own words, what is ethical dilemma and four approaches used to evaluate it?

  What type of strategy has nucor followed

What type of strategy has Nucor followed? Which of the five generic strategies discussed in Chapter 5 is Nucor employing?

  Total number of subassemblies required per day

1. Find the cycle time, total number of subassemblies required per day, efficiency, and minimum number of stations. Balance the line. Rebalance the line if task 8 requires 0.7 minute.

  Negotiate a hange in the labor agreement

Recently, General Motors and the United Auto Workers had to sit down and negotiate a hange in the labor agreement in order to keep the company from going bankrupt. Consider whay might have gone on during these negotiations and discuss how framing mig..

  The environmental protection agency

The American car battery industry boasts that its recycling rate now exceeds 95%, the highest rate for any commodity. However, with changes brought about by specialization and globalization, parts of the recycling system are moving offshore. T..

  Process management is about continuous improvement

Process Management is about continuous improvement.  Discuss similarities and differences between the Deming Cycle Methodology and the Kaizen approach to process improvemen

  Illustrate what is service factor for this system

Illustrate what is service factor for this system. Illustrate what is average number of these machines in service. Illustrate what impact on machines in service would there be if a second technician were available.

  Fitbit makes wearable activity trackers

Fitbit makes wearable activity trackers that measure data such as number of steps walked, quality of sleep, and other personal metrics. The feature centered on a product that Fitbit made (the Fitbit Force) that caused some users to develop skin rashe..

  Evaluate service quality

Evaluate whether or not shangri La Hotel's heavy investment in employee development yields a profitable return to the company.

  Compute the best combined forecast

An experienced marketing specialist has an error variance of 4.5 while a computer model has an error variance of 5.6. The expert predicts 210 as the sales volume for the next time period, while the computer algorithm predicts 214. Compute the best co..

  Medical telemetry unit

A 75-year-old female is an inpatient in bed #1 of Room 10 on a medical telemetry unit. She has been admitted for pneumonia. She is slightly confused. No family is with her in the hospital at this time.

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