Determine the economic order quantity

Assignment Help Operation Management
Reference no: EM131736489

ISquare Inc. distributes math textbooks throughout the USA. The monthly demand is assumed to be normally distributed with mean is equal to 2,291 books and variance is equal to 1255 books2. ISquare pays $991 for ordering, $95 for each book, and yearly inventory holding cost is expected to be 24% per year. The company aims 99% customer service level in terms of product availability. Determine the economic order quantity. (Please round your answer to the closest integer)

Reference no: EM131736489

Questions Cloud

Describe the main components in a dbms : Describe the main components in a DBMS.
Discuss what roles do public relations and advertising have : What roles do public relations and advertising have in the mass media
Leadership varies widely by culture and personality : Leadership varies widely by culture and personality. Discuss what you believe would be the different organizational culture and local culture aspects
Effective system of human rights protection : what extent do IGOs and local as well as transnational NGOs depend on one another in bringing about improvements of states' human rights?
Determine the economic order quantity : The company aims 99% customer service level in terms of product availability. Determine the economic order quantity.
Causes of the depletion of the ozone layer : the differences between the causes of the depletion of the ozone layer and the causes of global warming and the problems caused by each
True with respect to flexible manufacturing systems : Which of the following is (are) true with respect to flexible manufacturing systems?
Why has provider of choice shifted from rail to motor modes : Why has the provider of choice shifted from rail to motor modes? With the shift to motor freight carriers, the amount of traffic accidents have sky rocketed.
What are the types of software applications : Examine the business's issues to determine specific software requirements. What are the types of software applications that should be considered?

Reviews

Write a Review

Operation Management Questions & Answers

  What is meant by the term garnishment

What is meant by the term garnishment when used in a debtor-creditor context? Explain. How does the Bankruptcy Act of 2005 change the federal Bankruptcy Code? Explain. Which industries and activities are exempt from U.S. antitrust law?

  Under what conditions are customer-centric structures

Under what conditions are customer-centric structures appropriate and what challenges does this type of organization structure face and why?

  State the factors attributing to these injuries

List the type of injuries you suspect would be occurring and the signs and symptoms? State the factors attributing to these injuries?

  Management different than straight financial accounting

What are some key components to monitor the health of the project, as it relates to earned value? How is earned value management different than straight financial accounting?

  The income statement represent cash collections

Under accrual accounting, all expenses reported on the income statement represent cash costs. Under accrual accounting, all revenues reported on the income statement represent cash collections.

  Regarding the comparative-advantage principle and free trade

What are the major reasons for the skepticism of many developing nations regarding the comparative-advantage principle and free trade? List and briefly describe the six main processes involved in project scope management. List and briefly describe th..

  Distinguish between tax avoidance and tax evasion

How aggressively should corporations seek to avoid taxes? Is it morally acceptable to set up legal and financial structures for the sole purpose of avoiding taxes? How can we distinguish between tax avoidance and tax evasion?

  Transformational leaders and charismatic leaders

Three important types of leadership are transactional leaders, transformational leaders, and charismatic leaders. For this post, provide specific situations where each of these leadership types could be useful.

  Including religious groups and social clubs

When one thinks of organizations, it would be natural to first consider businesses. However we are surrounded by and probably part of, many other organizations, including religious groups, social clubs, volunteer organizations and government. How do ..

  Contrast two different possible business entities

A friend has asked you to help her decide how to protect her soon-to-be-opened bakery from liability, while still maintaining a business structure that fits her needs. Compare and contrast two (2) different possible business entities that would be su..

  Evaluates alternatives an organization to realize growth

Write a paper of no more than 1,400 words that evaluates alternatives an organization must consider to realize growth.

  Desired objectives of effectiveness and efficiency

Centralized structure faces different challenges than a decentralized structure. This is usually the difference between large and medium sized organizations. What are the nine objectives of supply management, and how can it be organized to achieve it..

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