User Account

All Pages

What is optimal number of orders per year-annual total cost

Assignment Help Operation Management
Reference no: EM13759607

Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year.

a. What is the optimal order size, EOQ?

b. What is the optimal number of orders per year?

c. What is the annual total cost (holding + ordering)?

d. What is the importance of knowing this information?

Reference no: EM13759607

Questions Cloud

Write essay on your experience studying american literature : Write a reflective essay of 250 words (one page) about your experience studying American literature this term. Important: Your paper must have a well developed introduction, body, and conclusion.
What is the critical path for this network : Hamilton County Parks is planning to develop a new park and recreational area on a re- cently purchased 100-acre tract. Project development activities include clearing play- ground and picnic areas, constructing roads, constructing a shelter house, p..
What is the maximum authorized router inventory : Lous Bakery has established that JIT should be used for chocolate chips due to the high probability of the kitchen heat melting the chips. The average demand is 130 cups of chocolate chips per week. The average setup and processing time is day. Each ..
Weather anomalies : Write about the above weather anomaliesthat can change global weather and climate.
What is optimal number of orders per year-annual total cost : Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year.  What is the optimal number of or..
Decided that concession sales will support themselves : As a manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far:
Health care statistic : Analyze a data set using inferential statistics
Correctly use their delegated power within the workplace : The upper management at the XYZ Corporation wants to train middle management to understand and correctly use their delegated power within the workplace. As an HR consultant, you have been asked to give a presentation to middle management group with t..
About headings is least accurate : Which of the following statements about headings is least accurate?

Reviews

Write a Review

Operation Management Questions & Answers

  What are the most important criteria

In selecting outside advisors, a board, consultants, and the like, what are the most important criteria?

  Calculate the sustainable growth rate

Calculate the sustainable growth rate using the financial data for the most recent year for the company. Show the inputs and the steps to generating the result.

  Define three criteria for evaluating effective group work

Define the three criteria for evaluating effective team/group work (as stated in the textbook) and analyze whether the "team" in the video is effective or not.

  What external environment general and industry segments

What external environment (general, industry, and competitive) segments do you think BP considered or didn't consider prior to their drilling off the Gulf Coast?

  Purpose of the occupational safety and health administration

describe the purpose of the Occupational Safety and Health Administration (OSHA). In addition, discuss the difficulties involved with bringing an OSHA case up for criminal charges. This assignment, as with all written assignments, should follow AP..

  Direct materials purchases budget in pounds

In a well-written paper, answer the following case study questions, providing an answer of at least 200 words for each question, as well as ample explanation for each subsection

  Experiencing challenges with its compensation-benefit system

Select an organization that either has or is experiencing challenges with its compensation and benefit system. The student will provide a brief historical view of the organization.

  Students should address the one of the topics below this

students should address the one of the topics below. this individual learning task must be a researched paper of

  Finding any healthcare organization

finding any healthcare organization, select a process management such as hospital admissions process, order fulfillment process, claims process, school admissions process, hiring process, capital procurement process or any work process in an existing..

  An examination of the overall negative effects technologies

An examination of the overall negative effects of new technologies on the safety and security field

  All forecasting methods using exponential smoothing

1. all forecasting methods using exponential smoothing adaptive smoothing and exponential smoothing including trend

  Restore credibility and generate positive press reporting

Create a public relations campaign for a financial institution that has recently received negative exposure in the media pertaining to its lack of responsiveness to those wishing to modify existing home loans. The goal of your campaign is to influenc..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd