Determine the restocking cost

Assignment Help Business Management

Reference no: EM1378594

Question: The Wheeling Pottery Store starts every month with 1200 pots in stock. This stock is depleted every month and reordered. If the carrying cost per pot is $8 per year and the fixed order cost is $90, what is the total carrying cost?

Determine the restocking cost? Should Wheeling increase or decrease its order size?

Explain an optimal inventory policy for Wheeling in terms of order size and order frequency.

Reference no: EM1378594

Questions Cloud

Forecast quarterly demand for a product : Determine what forecasts are appropriate for the last quarter of this year and the 1st quarter of next year?

Illustrate what are some organizations which have planned : Illustrate what are some organizations which have planned to get smaller rather than larger in order to be successful.

Calculate the marginal costs and revenues : Suppose that you can sell widgets at $25 per widgets, for as many widgets as you can create. Suppose that the marginal cost of manufacturing each widget increases with the number of widgets that are manufactured.

Analysis of the motivation of all schools to cut costs : Nate Young is the dean of a business school. The university is under strong financial pressures, and university president has asked all the deans to cut expenses.

Determine the restocking cost : The Wheeling Pottery Store starts every month with 1200 pots in stock. This stock is depleted every month and reordered. Determine the restocking cost.

Compute the grouped data mean : Compute the grouped data mean for this distribution. Use MINITAB and using the original scores, compute the raw-data mean. Use MINITAB.

Discuss at least three strategies you might use to analyze : You have been asked to provide an analysis of student achievement trends. Discuss at least three strategies you might use to analyze data in your list also evaluate present trends in student achievement.

Develop the equation to find coefficient of correlation : Use linear regression to construct a predictive model for demand for ironing board covers based on sales of irons.

Identify at least one metric to measure process : Comment on factors which affect process design. Identify at least one metric to measure process. Design a flowchart utilizing an appropriate tool.

User Account

All Pages