Determine how many copies of the publication to order

Assignment Help Operation Management

Reference no: EM132133712

Alps Corporation’s demand for a business publication called GMO is 121,500 copies annually. The cost of GMO is $10 per copy, the set-up cost amounts to $60 per order, the holding cost is 20% of the per-copy cost of the publication. Alps’ objective is to determine how many copies of the publication to order each time to minimize the annual total cost of acquiring and carrying GMO.

What is the optimal annual total cost (TC* )?

Reference no: EM132133712

Questions Cloud

Describe your recommendations concerning the issues : Describe your recommendations concerning the issues presented in "Carnival". The issues of the cruise ship Carnival that is facing today.

Why modeling using simulation would be appropriate : Describe a situation that you have seen that would be appropriately modeled using simulation. Explain why modeling using simulation would be appropriate.

Alliances can affect marketing efforts of global business : Discuss how alliances can affect the marketing efforts of a global business.

Describe the various ways that monetary policy use : Describe the various ways that monetary policy has been used to stimulate growth in various developed economies since the global financial crisis.

Determine how many copies of the publication to order : Alps’ objective is to determine how many copies of the publication to order each time to minimize the annual total cost of acquiring and carrying GMO.

Estimate the cost in millions of dollar of building : It is desired to make a preliminary estimate of the cost of building a700 MW fossil-fuel plant. It is known that a 450-MW plant cost $100 million twenty.

What is the element in harry case against megan : What is the element in Harry’s case against Megan that will be the hardest for Harry to prove? Why?

Discuss his insurance policies : You recently met with your client, Tripp, to discuss his insurance policies.

About importance of critical thinking and logical thought : Throughout this course "Critical Thinking" you have been learning about the importance of critical thinking and logical thought.

User Account

All Pages