What are their total annual inventory costs for this product

Assignment Help Operation Management
Reference no: EM13248441

A firm is faced with analyzing their total annual inventory costs for a particular product. A consultant has determined that they spend $30 placing each order. Further, the consultant helped determine that their annual carrying costs were 1/3 of the unit price of $60. Demand is fairly constant at 19,200 units per year. What are their total annual inventory costs for this product?

Reference no: EM13248441

Questions Cloud

Explain the second law of thermodynamics : According to the Second Law of Thermodynamics, any process during which the entropy of the system increases will be product-favored.
Determine the eoq : The dealership has calculated that it costs $15 in overhead to place an order. Determine the EOQ (round to the nearest whole number).
Find the speed of the first ball after the collision : A 4.5kg ball with a velocity of 4.0m/s in the+x-direction collides head-on elastically with a stationary 1.8kg ball. What is the speed of the first ball after the collision
Evaluate the component selection for the differentiator : Evaluate the component selection for the differentiator and integrator amplifiers and their impact on the mahematical equation for each. Items for you to consider and discuss are Do you observe any limitation factors for the component parameters an..
What are their total annual inventory costs for this product : Further, the consultant helped determine that their annual carrying costs were 1/3 of the unit price of $60. Demand is fairly constant at 19,200 units per year. What are their total annual inventory costs for this product?
Find the radius of the helical motion : An electron moves into a uniform magnetic field B = 0.182mT with initial speed with v = 12000m/s, What is the radius of the helical motion
Explain the ionic compound potassium chloride : Construct the lewis structure model for the ionic compound potassium chloride using the following steps.
Determine the speed the child : A 65- kg child sits in a swing suspended with 3.4- m-long ropes. The swing is held aside so that the ropes make an angle of 60 o with the vertical
How far away from the earth is the spaceship : Two astronauts are 1.40 m apart in their spaceship. One speaks to the other. The conversation is transmitted to earth via electromagnetic waves. How far away from the earth is the spaceship

Reviews

Write a Review

Operation Management Questions & Answers

  What is the difference between these abbreviations

What's the difference between these abbreviations, and how do they contribute to one's professional image?

  Describe at least two actions a manager can take to protect

Describe at least two actions a manager can take to protect her- or himself and the organization she or he represents from a tort lawsuit.

  How an organization''s structure and culture might change

Why would an organization choose a corporate level strategy to expand its value-creation activities beyond its core domain? Discuss how an organization's structure and culture might change as the organization begins to enter new domains.

  What is important to you in terms of your personal work

What is important to you in terms of your personal work motivation? How do the things that motivate you fit with Starbucks' approach to motivating partners?

  What other traits can you think of that would be relevant

How can organizations identify future leaders with a given set of traits? Which methods would be useful for this purpose? (Be specific) What other traits can you think of that would be relevant to leadership?

  Choose one of the potential business owners listed

A middle-management corporate refugee desiring a business of her own after frustration with bureaucratic red tape.

  What is meant by mass customization

What is meant by mass customization? How can market conditions and consumer desires affect customization? Explain any price considerations that must be factored into the mass customization decision.

  Illustrate what factors operate in the vdot general

Illustrate what factors operate in the VDOT's general and specific/internal environment and illustrate what impact did this have on the VDOT's effectiveness.

  Analyzing the organization environment

For the Boeing company, examine the organization's environment. Describe one aspect that you felt was the most important for a company to grow and be successful regardless of the economic environment.

  Explain how do service givers with which you are familiar

Explain how do service givers with which you are familiar manage queues. Explain how effective have they been at managing queues. Is appropriate method for managing queues currently being utilized.

  Given the location information and volume of material

Given the location information and volume of material movements from a supply point to several retail locations for Bourbon Hardware, find the optimal location for the supply point using the center of gravity method.

  What are optimal solution and total profit contribution

What are the optimal solution and the total profit contribution and provide Osaka Industries with an additional 500 pounds of the steel alloy at $2 per pound. Should Osaka purchase the additional pounds of the steel alloy? Explain.

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