Crew tried to set up for a banquet

Reference no: EM131441942

The catering manager of LaVista? Hotel, Lisa? Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday? night, when her crew tried to set up for a banquet for 500? people, they did not have enough knives. She decides she needs to order some more? silverware, but wants to take advantage of any quantity discounts her vendor will offer. follows For a small order ?(2 comma 000 pieces or? less) her vendor quotes a price of ?$1.80 ?/piece. follows If she orders 2 comma 001 to 5 comma 000 ?pieces, the price drops to ?$1.60 ?/piece. follows 5 comma 001 to 10 comma 000 pieces brings the price to ?$1.40 ?/piece, and follows 10 comma 001 and above reduces the price to ?$1.25 ?/piece. ?Lisa's order costs are ?$200 per? order, her annual holding costs are 5 ?%, and the annual demand is 41 comma 900 pieces. For the best option? (the best option is the price level that results in an EOQ within the acceptable? range):

Reference no: EM131441942

Questions Cloud

Competitive advantage critical strategy-making consideration : Discuss the strategic issues in a large multisite company with a single corporate centralized purchasing department versus a decentralized multiple sites purchasing group. Why is sustainable competitive advantage a critical strategy-making considerat..

What does the migration of healthcare professionals have : Cecil Helman talks about stress and the culture differences stress can have on people. Hans Selye (1936) was the first person to discuss stress. Selye (1936) tells us that "stress is the generalized response of an organism to environmental change...

Review the case study of Warren E buffet : What does the stock market seem to be saying about the acquisition of GEICO by Berkshire Hathaway? Based on your own analysis, what do you think GEICO is worth on its own (i.e., before acquisition by Berkshire Hathaway)?

Common elements that students see : You are working for a university with international online students, and you have been asked to contribute to a Glossary of Terms for a guide written for the new online student. Think of common elements that students see in a virtual classroom spa..

Crew tried to set up for a banquet : The catering manager of LaVista? Hotel, Lisa? Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday? night, when her crew tried to set up for a banquet for 500? people, they did not have enough knives. Lisa's order ..

Implement and begin post production maintenance : Upload to a web server and test again. This task takes one week. Implement and begin post production maintenance. This task has a 30 day period.

Apply the swoc critical thinking tool found in your resource : Hot Security Products, Inc. is a global company that is a reseller of firewalls, intrusion detectors, and other network security devices sold to major technology retail stores worldwide. The company has offices in China, India, England, Germany, C..

Issue of off-shoring impact existing businesses-workforces : How does the issue of off-shoring impact existing businesses and workforces? What are some of the ethical concerns with regard to off-shoring? How does off-shoring affect the following: the "host" company; the parent company in the United States; and..

Harlen industries has a simple forecasting model : Harlen Industries has a simple forecasting model: Take the actual demand for the same month last year and divide that by the number of fractional weeks in that month. This gives the average weekly demand for that month. This technique was used to for..

User Account

All Pages