What is optimal order quantity

Assignment Help Operation Management
Reference no: EM132629946

Please help me to Solve Problem of EOQ Model If Demand is 6000 units, cost per order is $15 , and Holding cost per unit per year is $3:
Calculate the following:

1). What is Optimal order quantity?

2). How many cycle time of order?

3). What is TSC?

4). What is ATC?

5). Cycle time? (Number of days per cycle)

6). Re-Order Point if LT= 5 weeks, and B= 350 units?

7). If Management decided to order 300 units Each time, do you agree with him? Why?

Reference no: EM132629946

Questions Cloud

Complexity of information systems research : Journal article was focused on the Complexity of Information Systems Research in the Digital World.
Determine how the changes impacted employees : Think of an innovative company and explain how its ability to adapt has enabled the organization to remain competitive in its industry. Review several of your.
Compliance program training implementation : What is the Board's role in a compliance program with regard to compliance program training implementation
Plato critique of democracy and rhetoric : Do you agree with Plato's critique of democracy and rhetoric? Are we just empty vessels in the hands of unethical, charismatic communicators?
What is optimal order quantity : Please help me to Solve Problem of EOQ Model If Demand is 6000 units, cost per order is $15 , and Holding cost per unit per year is $3: Calculate the following:
Nursing teaching : Discuss the positive and negative impact of faculty responsibilities on the teaching role as it affects student learning.
Review distinction between leadership and management : Review distinction between leadership and management. Then think about this in regard to how senior leaders versus senior managers lead change in organization
Describe how strategic decisions differ from other decisions : Are you able to identify the differences or say an integration of the two components within your organization? Give an example.
What is the overall system reliability : A classroom has a presentation system that consists of four components, each of which must activate if the system is to work adequately.

Reviews

Write a Review

Operation Management Questions & Answers

  Company that operates a production line

How do you find the required cycle time for a company that operates a production line for 7.5 hours per day with a demand of 8113

  Recommended improvements to the program

Assess the three (3) most important experiences you have had in completing the Strayer University MSHRM program. Suggest three (3) recommended improvements to the program.

  Competition and new products entrance constitute

Competition and new products entrance constitute a major threat for some industries, what are the lessons learned from the VF and Benetton case studies?

  System flows and problems with generating enough system

Managers at 2G are generally concerned about the “system flows” and “problems with generating enough system

  Two factors contributing to ethical differences of leaders

Explain with examples two factors contributing to ethical differences of leaders.

  Identify and describe briefly five supply-chain strategies

Identify and describe briefly the five supply-chain strategies.

  Example where externalities are important in real estate

How important are CRM strategies to the success of a business? Briefly describe an example where externalities are important in real estate and why?

  What is the relative wage rate of operating

A appeal Company Currently, the shirts he sells are made at a factory in the US where workers are paid $18 an hour and can make 103 shirts an hour. The company is thinking of outsourcing the labor to Mexico where the workers are paid 12 Pesos an hour..

  Unavoidable or unconscionable or unenforable or voidable

Sheriff Noels contracts to buy two tracts of land from Daffron Smith. unavoidable or unconscionable or unenforable or voidable?

  Identify the characteristics of successful entrepreneur

Identify the characteristics of a successful entrepreneur and the characteristics of a successful business idea.

  Cultivate to enhance the number of millennial leaders

Describe and examine the best practices that you can cultivate to enhance the number of millennial leaders.

  What is the average number of customers in line

Randy Fritz has been collecting data at the TU student grill. He has found that, between 5:00 PM and 7:00 PM, students arrive at the grill at a rate of 20 per hour (Poisson distributed) and service time takes an average of 2 minutes (exponential dist..

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