Determine the economic order quantity

Assignment Help Strategic Management
Reference no: EM131726778

A small copy center uses 5 560-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 5 boxes per week and a standard deviation of .50 boxes per week. 2 weeks are required to fill an order for letterhead stationery. Ordering cost is $5, and annual holding cost is 34 cents per box. Use Table.

a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.) EOQ boxes

b. If the copy center reorders when the supply on hand is 12 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.) Risk

c. If a fixed interval of 6 weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 24 boxes on hand, and an acceptable stockout risk for the order cycle is .0228? (Round "z" value to 2 decimal places and final answer to the nearest whole number.)

Reference no: EM131726778

Questions Cloud

Problem by defining decision variables-objective function : Formulate a linear programming model for this problem by defining the decision variables, objective function, and all the constraints.
Develop a total quality management tool : Evaluate two to four (2-4) weaknesses that are evident in the selected organization's product life cycle.
What are the characteristics of a fully functioning person : According to Maslow and Rogers, what are the characteristics of a fully functioning person
Find the probability that you would be a naturalized citizen : A student writing a report about these statistics wrote, "If you had lived in the United States in 1970 and were foreign-born, the probability that you would.
Determine the economic order quantity : Determine the economic order quantity, assuming a 52-week year. If the copy center reorders when the supply on hand is 12 boxes, compute the risk of a stockout.
Write a research paper about othello from shakespeare : Write a paper about othello from shakespeare. Why does othello not investigate Iago acusations, why doesnt he seek for his own proof of desdemona betrayal?
How should a family member approach other family members : How should a family member approach other family members when the fear of shame is present when trying to bring up psychological issues
Best course of action be for eric : What are some of the ethical concerns regarding the Presidents actions, and what would the best course of action be for Eric?
Discuss normal and abnormal memory changes : What is the process for recognizing Alzheimer's disease. What are some strategies you could recommend to bolster memory self-efficacy

Reviews

Write a Review

Strategic Management Questions & Answers

  Describe the role of ethics and social responsibility

Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Include at least one example of a company overstepping ethical boundaries for stakeholder agendas.

  Discuss how behavior modification operates

Discuss how behavior modification operates to motivate employees. Why is it still important to understand people's needs when using this approach?

  Discuss three views of strategic management

discuss three views of strategic management, and the importance for managers of understanding the organisational domain.

  Explain how the cooperative strategy enhances

Explain how the cooperative strategy enhances the competitiveness and performance of the firm relative to what could be done without the cooperative agreement.

  The advantages and disadvantages of a merger strategy

What are the advantages and disadvantages of a merger strategy and an acquisition strategy?

  Define identify how it supports business processes

Identify how IT supports business processes. The business is relying on their capabilities to achieve the business goals. The IT strategy should include a plan for supporting those business capabilities, creating efficiencies, and competitive adva..

  Perform a swot analysis - zara

Your task is to perform a SWOT analysis to determine the effects of these factors on the performance of the company - Determine the effects of SWOT factors.

  What would be your interests and possible positions

Module 2 - Case How would you prepare (in addition to reading the above articles) for said meeting and what negotiating approach would you choose to adopt? Explain.

  The cost of hiring and training

Find factors do you need to consider when making this substitution. If capital cannot be substituted for labor, what other options do you have to address the issue of rising labor costs.

  Explain organizational structure and controls

Explain awareness, motivation, and ability as drivers of competitve behavior. Define competitors, competitive rivalry, competitive behavior, and competitve dynamic and Explain organizational structure and controls

  Marketplace positioning based on environmental factors

Develop effective strategies, it is critical to understand the marketplace environment. In this assignment, you will explore the relationship between marketplace positioning based on environmental factors.

  What alternative strategy might have prevented its decline

Use what you have learned in this course to analyze the decline of OfficeMax in the office-supply industry to its buyout by Boise Cascade Corporation. What alternative strategy might have prevented its decline

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