Economic order quantity-minimum total annual cost

Assignment Help Operation Management

Reference no: EM13841333

The Wallace Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000 sq. yards of stationary per year. The cost per order for the company is $2,200; the cost of holding 1 yard of paper in inventory is $0.08 per year. Determine the following:

a. Economic order quantity

B. Minimum total annual cost

c. Optimal number of orders per year

d. Optimal time between orders

Reference no: EM13841333

Questions Cloud

Discuss how meaningful use of an ehr could promote : For each activity you have entered into the information table above, identify and discuss how each recorded activity translates from data to information, and knowledge. Discuss how meaningful use of an EHR could promote (or possibly impede) the in..

Systems interact with the systems of suppliers : Describe the information systems that a typical restaurant might use and the tasks these systems perform. How might such systems differ between a lows-cost restaurant such as McDonalds and a high-quality, five star restaurants such as Le Cinq in Pari..

Ability to attract and keep quality employees : What impact do benefit offerings have on marketplace competitiveness and the ability to attract and keep quality employees? Do you think pay is the primary motivating factor for most job applicants and existing employees?

Main sections of the report : 1. What are three main sections of the report? 2. Review the introductory section of the CAFR.

Economic order quantity-minimum total annual cost : The Wallace Stationary Company purchases paper from the Seaboard Paper Company. Wallace produces stationary that require 1,415,000 sq. yards of stationary per year. The cost per order for the company is $2,200; the cost of holding 1 yard of paper in ..

Effectiveness of the diet in observing the dietary : Your comments should focus on the variety, texture, fiber, nutrient content, food combinations, and the balance of carbohydrates, fats, and proteins of the meal plans. Be sure to focus specifically on the following depending on the client your pee..

Describe the diagnostic criteria for conduct disorder : Describe the diagnostic criteria for conduct disorder

Reduce the equation to one of the standard forms : Consider the equation below.x2-y2+z2-6x-2y-2z+9= 0 Reduce the equation to one of the standard forms.

Application: controlled drug use: is addiction a disease? : Application: Controlled Drug Use: Is Addiction a Disease?

User Account

All Pages