Total ordering and holding costs

Assignment Help Management Theories

Reference no: EM13967845

1. Suppose Ollah decides to order 200 bags at a time. What would the total ordering and holding costs for the year be? (For this problem, don't consider safety stock when calculating holding costs.)

2. Average weekly demand for free-range dog biscuits is 80 bags per week, with a stan- dard deviation of 16 bags. Ollah uses a continuous inventory review system to manage inventory of the biscuits. Ollah wants to set the reorder point high enough that there is only a 5% percent chance of running out before the next order comes in. Assuming the lead time is a con- stant 2 weeks, what should the reorder point be?

Reference no: EM13967845

Questions Cloud

Economic order quantity for the bags : a. What is the economic order quantity for the bags? b. What order quantity should Ollah order, based on the volume discount? Is this different from the EOQ? If so, how could this be?

How do the time-variations depend on the bandwidth : Consider the two-path example d = 2 km and the receiver at 1.5 km from the transmitter moving at velocity 60 km/h away from the transmitter. The carrier frequency is 900 MHz. Plot in MATLAB the magnitudes of the taps of the discrete-time baseb..

Demonstrate an understanding of professionalism. : What is the importance of becoming a nationally credentialed medical assistant?

Discuss all legal concepts : Worried about the wildly fluctuating price of oil, Airline wrote to Oil Company requesting a firm price on jet fuel for one year. On December 15, 2006, Oil Company wrote to Airline, stating: "I offer to supply you with any jet fuel ordered by you ..

Total ordering and holding costs : Suppose Ollah decides to order 200 bags at a time. What would the total ordering and holding costs for the year be? (For this problem, don't consider safety stock when calculating holding costs.)

Derive the dual of the new lp : Give an example of a dictionary for which the current basic feasible solution is optimal and yet the coefficients of the non-basic variables in the z row are not all negative - Derive the dual of the new LP. Verify that an optimal dual solution wil..

How do you determine that and how does your own daily : What strictly military lessons have you learned from the course so far that would help you accomplish your mission more effectively?

Which filter should one redesign : If one is aware of the channel filter h(t), one may want to redesign either the baseband filter at the transmitter or the baseband filter at the receiver so that there is no intersymbol interference between receiver samples and so that the noise ..

Identify the theories of victimization : The following are scenarios involving victims of crime. Identify the theories of victimization found in each scenario. Explain how these theories apply to each scenario

User Account

All Pages