How many units should be ordered each time order is? placed

Assignment Help Operation Management

Reference no: EM132278413

1) Matthew? Liotine's Dream Store sells water beds and assorted supplies. His? best-selling bed has an annual demand of 400 units. Ordering cost is $42 holding cost is ?$55 per unit per year.

?a) To minimize the total? cost, how many units should be ordered each time an order is? placed?

EOQ? = ___ units ?(round your response to the nearest whole? number).

2) Chicago's Hard Rock Hotel distributes a mean of 1,200 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 95 towels per? day, based on occupancy. The laundry firm that has the linen contract requires a 44?-day lead time. The hotel expects a 95?% service level to satisfy high guest expectations.

?a) What is the reorder? point? ___ towels ?(round your response to the nearest whole? number).

Reference no: EM132278413

Questions Cloud

What ethics means in the context of the workplace : Define in your own words what ethics means in the context of the workplace. Note: please use your own words do not copy from old ones

About the zimmerman bank : Zimmerman’s Bank is the only bank in the small town of St. Thomas. On a typical Friday, an average of 10 customers per hour arrive at bank to transact business

Best explains price elasticity : Which of the following better explains ‘free alongside ship (FAS)’? Which of the following best explains ‘Price elasticity’?

Average number of customers in the service system : What service rate is needed to keep the average number of customers in the service system (waiting line and being served) to four?

How many units should be ordered each time order is? placed : Matthew? Liotine's Dream Store sells water beds and assorted supplies. how many units should be ordered each time an order is? placed?

Constitutional system-fundamental constitutional doctrines : Under the U.S. constitutional system, fundamental constitutional doctrines that seek to prevent an abuse of power by the federal government are.

You think business groups have developed in environments : Discuss why you think business groups have developed in environments, such as Asia but not in North America? (

Does social media create bad business : Provide and example of Partially Latent conflict. Does social media create bad business?

Discuss the importance of mutual adjustments : Discuss the importance of "mutual adjustments" and how it can help the parties in negotiation with the help of two examples from a workplace setting.

User Account

All Pages