What are the economic order quantity cycle length and costs

Reference no: EM131413702

The demand for an item is constant at 100 units a year. Unit cost is £50, the cost of processing an order is £20 and holding cost is £10 a unit a year. What are the economic order quantity, cycle length and costs?

Reference no: EM131413702

Questions Cloud

Find the optimal order quantity for the part : The purchasing department costs $450,000 a year and sends out an average of 2,000 orders. Find the optimal order quantity for the part, the time between orders and the minimum cost of stocking the part.

What would it mean for american system of criminal justice : What does the court mean when it says "Stare decisis is not an inexorable command; rather it is a principle of policy and not a mechanical formula of adherence to the latest decision"?What would it mean for the American system of criminal justice,..

Who and what is american : Read "Who and What is American?" by Lewis Lapham (7 pages) - Read "The Problem: Democracy at Risk" by William E White, Richard Van Scotter, H Michael Hartoonian, and James E Davis.

Problem regarding the types of consumers : A monopolist produces widgets at AC = MC =10. There are two types of consumers, type A's demand is given by QA = 60 - P and type B demand is given by QB = 45 - 0.5P.

What are the economic order quantity cycle length and costs : The demand for an item is constant at 100 units a year. Unit cost is £50, the cost of processing an order is £20 and holding cost is £10 a unit a year. What are the economic order quantity, cycle length and costs?

Demonstrate the benefit of a new stock control system : If you were the management consultant, how would you demonstrate the benefit of a new stock control system to Mr Templar?

Discuss article should be about IT : You should be doing about one article per week. Each article should be about IT as it relates to either business, medicine, or the military (no articles about games)

How amiricans get the news : How Amiricans get the news. traditional media vs new media - which media thay use to folle news.

Discuss what is meant by the closeout process : Discuss what is meant by the closeout process and what elements do you think would apply to your project? What extent were the cost overruns and how were the overruns handled by the authorities.

User Account

All Pages