User Account

All Pages

Find the minimum cost and purchase quantity

Assignment Help Business Management
Reference no: EM131344724

The demand for a certain item is 16 units per period. Unsatisfied demand causes a shortage cost of Rs.0.75 per unit per short period.

The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.

Reference no: EM131344724

Questions Cloud

How governments can use fiscal policy to redistribute income : Explain how governments can use fiscal policy to redistribute income. With the help of diagrams distinguish between demand-pull and cost-push inflation. Explain which fiscal policies would be appropriate to deal with these two types of inflation
Safety policy statement for current organization : Compose a safety policy statement for your current organization (or an organization for which you previously worked), following the guidelines in the course textbook. Be certain it is specific to the organization and not just a series of generic s..
Describe your citys traffic in some detail : Traffic Network Analysis PPT Which transportation network type is appropriate to use in the traffic analysis of your city if you were a traffic planner (Radcliff, KY)? As an example, if you were to use Washington, the networks to consider might be..
How can a company leverage its employees strengths : BUS 302- Complete the StrengthsFinder quiz located in the back of your book. What are your top five strengths? Were you surprised at the results? How can a company leverage its employees' strengths to build strong company culture?
Find the minimum cost and purchase quantity : The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.
Discuss about special situation : Discuss the type of person you consider yourself to be in a team (from team roles), moreover discuss about special situation that you have had come across in a team and how you had manage the given situation.
When and how much to procure : The company is interested in determining when and how much to procure, given the information:- Each time a batch is produced, a set-up cost of Rs.12,000 is incurred.
How did having or not having process impact outcome of event : BUS 302- Think about the last event you had to plan for either at work or in your personal life. Did you have a process? How did having or not having a process impact the outcome of the event?
What quantity of product should he allow to be back ordered : What should be the optimum number of units of the product he should buy in one lot?- What quantity of the product should he allow to be back-ordered ?

Reviews

Write a Review

Business Management Questions & Answers

  Disadvantages of team-based network-based organizations

What are the advantages as well as disadvantages of team-based network-based, and boundary-less organizations?

  Subcontract the management of a project

Imagine your company is being used to subcontract the management of a project. However, you find that you must first convince the contracting company that your company is worthy of the position. Design a plan that centers on TQM and the contractin..

  Assessment incorporates multiple elements

This assessment incorporates multiple elements. Be sure to thoroughly address each before submitting the assessment.

  The combustion of polyurethane

Hydrogen cyanide is formed from the combustion of polyurethane and may pose an inhalation hazard. One study of polyurethane combustion indicated that the maximum yield of hydrogen cyanide per gram of polyurethane foam ranged from 0.5 to 1.05 milligra..

  Describe the major schools of management thought

Describe the Major Schools of Management Thought - Critically analyze the Classical approaches to management and discuss the ideas introduced by the human resource approaches

  Creation of the organizational vision and mission

A leader's job is to create the direction for the company to move forward. The leader does this in three major ways the creation of the organizational vision and mission, the structure, and culture. Here are the steps of the process:

  Demonstrate the influence of environmental and behavioural

Demonstrate the influence of environmental and behavioural factors on structure, corporate size and strategy

  Explain samsung electronic attempt to make profits

Explain Samsung Electronic attempt to make profits from rising consumer demand after the crash. Analyze how both companies attempted to make a profit after the crash

  Resolving ethical issues and dilemmas

The mission and vision statements drive the outcomes of an NPO or NGO and generally involve social change or public service. For this reason, the daily operations of NPOs and NGOs aim at social goals rather than the accumulation of wealth.

  Human aspect of ethics and its links to business success

Because of the human aspect of ethics and its links to business success, corporate leaders must be careful about their behaviors, and how they address problems. For this assignment, you must select the code of ethical conduct for one (1) of the f..

  Cornerstone technologies driving innovation

In today's world, social, mobile, analytics, and cloud (SMAC) are the cornerstone technologies driving innovation inside many if not most enterprises. SMAC (social, mobile, analytics and cloud) is the concept that four technologies that are curren..

  Build a graph or chart showing the different quality cost

Build a graph or chart showing the different quality cost categories and percentages for the Great Press Printing Company.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd