Economic order quantity

Assignment Help Management Theories
Reference no: EM13651840

Mama Mia's Pizza purchases its pizza delivery boxes from a printing supplier. MamaMia's delivers on average 200 pizzas a month. Boxes cost 20 cents each, and each order costs $10 to process. Because of limited storage space, the manager wants to charge inventory holding at 30% of the cost. The lead time is one week, and the restaurant is open 360 days per year. Determine the following:

1)economic order quantity

2)the reorder point

3)the number of order per year

4)the time between orders

5)the total annual cost

Suppose the manager of MamaMia's takes demand variability into account.

 

 

Reference no: EM13651840

Questions Cloud

Estimate what is the speed of the aircraft : An aircraft, diving at an angle of 53with the vertical, releases a package at an altitude of 730 m. What is the speed of the aircraft
Which is at the center of the rectangle : The drawing shows six point charges arranged in a rectangle. Thevalue of q is 1.63 μC, and the distance d is3.04 m. Find the total electric potential at location P,which is at the center of the rectangle.
Determine both the work done by this force and average power : A constant 60-N force acts on a4.00 kg box. The box initially is movingat 20 m/s in the direction of the force, and 3.0 s seconds laterthe box is moving at 65 m/s. Determine both the work done by this force and the average power delieveredby the forc..
Strategy and competitive setting : Strategy and competitive setting
Economic order quantity : Economic order quantity
View mcdonald''s as a classic american company : View McDonald's as a classic American company.
Define and discuss three types of position power sources : 1) Define and discuss three types of position power sources and politics using examples from your organisation to compare/contrast theory and practice.
The selection of an appropriate longer term service relation : The selection of an appropriate, longer term service relationship
Discuss the history of the discipline : Discuss the history of the discipline.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

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