Operations management analysiswhat lpm function should i

Assignment Help Business Management

Reference no: EM13368586

Operations Management : analysis

What LPM function should I use? MAx or Min? Integer?

The Southern States Lumber and Mill Company, a logging and milling operation in the southern US, processes 10,000 logs during 250 operating days each year. Immediately upon receiving an order, the logging companyâ??s supplier begins delivery to the lumber mill at a rate of 60 logs per day. The lumber mill operators have determined that the cost of placing an order is $1600 and that the cost of carrying logs in inventory prior to processing is $15 per log on an annual basis.

a. Determine the optimal order size.

b. Determine the total inventory cost associated with an optimal inventory ordering policy.

c. Determine the number of operating days between orders under an optimal ordering policy.

d. Determine the number of operating days required to receive an order under an optimal policy.

Reference no: EM13368586

Questions Cloud

Management efficiency and effectivenessa college professor : management efficiency and effectivenessa college professor told her students the purpose of a management course is to

What specific kinds of research testing or surveying might : what specific kinds of research testing or surveying might you have performed if you were the decision maker in a

Explanation and application of the learning curve theorythe : explanation and application of the learning curve theorythe learning curve theory holds the assumption that a new

International business cross-border transfer of : international business cross-border transfer of knowledgewhy do most organizations seem to tap into only a fraction of

Operations management analysiswhat lpm function should i : operations management analysiswhat lpm function should i use? max or min? integer?the southern states lumber and mill

Comparison and contrast of the following two : comparison and contrast of the following two storiesnbspnbspexplore the similarities andor differences between the two

Cse-241 advance programming conceptspoint of sale : cse-241 advance programming conceptspoint of sale terminalin this assignment you will be tested on the concepts related

1 how many kg of coal are used to supply 1500 watts to heat : 1. how many kg of coal are used to supply 1500 watts to heat a barn for 7 hours? the energy content of coal is 19 x 106

Defend modern examples of speech stylesexplain what might : defend modern examples of speech stylesexplain what might be some modern examples of speech styles that werent

User Account

All Pages