The carrying cost and the optimal order quantity

Assignment Help Business Management
Reference no: EM1332405

Shoe Shine is a local retail shoe store located at the north side of Centerville. Annual demand for a popular sandal is 500 pairs, and John Dirk, the owner of Shoe Shine, has been in the habit of ordering 100 pairs at a the time. John estimates that the ordering cost is $10 per order. The cost of the sandals is $5 per pair. For John's ordering policy to be correct, what would the carrying cost as a percentage of the unit cost have to be? If the carrying cost were 10% of the cost, what would the optimal order quantity be?

Reference no: EM1332405

Questions Cloud

Explain two types of computer attacks/ viruses : In order to limit the creation of malicious code, do you think that access to elements of document object model and some Javascript functionality be limited? In discussing the answer, describe two types of computer attacks/ viruses that may be ini..
Assume smith owns and works in a bakery located : Assume Smith owns and works in a bakery located next to an outdoor cafe owned by Jones. The patrons of the outdoor cafe like the smell that emanates from the bakery.
Global business operations impacted by national differences : How are global business operations impacted by national and cultural differences?
What are the risks and challenges the organization faces : What are the risks and challenges the organization faces by implementing the policy you recommend and Provide an example of ways in which it is effectively or ineffectively implemented
The carrying cost and the optimal order quantity : Find the carrying cost and the optimal order quantity of a  Shoe Shine company.
What circumstances will you use flash over an html editor : Flash is a popular tool to enhance site interactivity. I require recommendations for how to integrate Flash into a website effectively. Under what circumstances would you use Flash over an HTML editor?
Recruiting staffing : Is it also possible that internal candidates have also developed some bad habits and are so engrained in the existing culture that even though they might be creative people they are still working the party line
Give one huge advantage of using javascript : One huge advantage of using JavaScript is you can accept input from the visitors to your site. As a visitor adds information to your form, what would you do to control inappropriately entered values.
Inadequate the companies'' hr strategies : Why do you think having an HR strategy is important for a company?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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