What is the approximate economic order quantity

Assignment Help Operation Management
Reference no: EM132320753

A keyboard costs $1000.00, and the annual holding cost is 25%. Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity?

Reference no: EM132320753

Questions Cloud

Determine the objective function : Formulate a linear programming model for the above situation by determining
How globalization contributes to or affects ethical dilemmas : Explain how globalization contributes to or affects these ethical dilemmas. Propose solutions to these ethical dilemmas that are feasible financially, socially.
Total holding cost of coke per month : Consider the Coke example again. If you decide to order 50 cans of Coke each time, what would be the total holding cost of Coke per month?
How will you and board go about making cost-saving decisions : In order to stay profitable, the center will need to make budget cuts. You are concerned because you know that if salaries do not go up, some teachers may.
What is the approximate economic order quantity : Annual demand is 10,000 units, and the order cost is $150 per order. What is the approximate economic order quantity?
What is the economic order quantity for q well : What is the economic order quantity (EOQ) for Q'Well? What is the average inventory? What is the expected total number of orders per year?
What is the average inventory : What is the economic order quantity (EOQ) for Q'Well? What is the average inventory? What is the expected total number of orders per year?
Do you feel that we can utilize behavioristic techniques : Scripture tells us that God knows our heart. Do you feel that we can utilize Behavioristic techniques (e.g. Behavior Contracts, Token Economies, etc.).
Why companies locate globally : What are some of the concerns and reasons why companies locate globally?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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