What is the economic order quantity for light beer

Assignment Help Operation Management
Reference no: EM132182857

1. Choose a specific company or brand and discuss how it is using the 4 categories of contact points (company-created touch points, intrinsic touch points, unexpected touch points, customer-initiated touch points)?

2. The manager of the 24-Hour Mart (open 365 days a year) sells 12 cases of Light beer each day. Order costs are $10.00 per order, and Light beer costs $2 per six-pack (each case of Light beer contains 4 six-packs). Orders arrive 2 days from the time they are placed. Daily holding costs are equal to 3 percent of the cost of the beer. What is the economic order quantity for Light beer?

Reference no: EM132182857

Questions Cloud

Exchanged between managers and workers in your organisation : Describe the ways in which ideas are exchanged between managers and workers in your organisation.
The objective is to minimize total annual costs of holding : What order quantity would you use if the objective is to minimize total annual costs of holding, purchasing, and ordering?
Weekly demand for particular product averages : Weekly demand for a particular product averages 60 units, with a standard deviation of 5. How many units should be ordered?
Describe the importance of seeking improvements : Describe the importance of seeking improvements & innovative practices in a Health care industry?
What is the economic order quantity for light beer : Daily holding costs are equal to 3 percent of the cost of the beer. What is the economic order quantity for Light beer?
Integrated marketing communications programs : Discuss how the digital revolution is impacting the ways marketers plan and implement their integrated marketing communications (IMCs) programs.
Digital revolution is impacting the ways marketers plan : Discuss how the digital revolution is impacting the ways marketers plan and implement their integrated marketing communications (IMCs) programs.
Course legal aspect of contract : Ready and Co, a firm of accountants and auditors, were engaged to prepare the accounts and balance sheet for Products for People plc,
Company requires uniforms to be worn only by women : A company requires uniforms to be worn only by women:

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