Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A company stocks a component that costs $15 per unit. Annual usage of this item is expected to be 1560 units. The firm is open for business 52 weeks per year, so weekly demand is 30 units per week, with a standard deviation of 10 units. The firm's cost accountants have estimated that it costs $20 every time an order is placed for more components, and that carrying the item in inventory costs about $6 per unit per year. Past experience with their supplier indicates that the time from ordering more items to receipt of the shipment of those items is 21 days (assume that they are open 7 days per week.)
a. What quantity should be ordered each time? (Assume that the EOQ assumptions apply.)
b. What is the minimum total annual cost (ordering + holding + purchase) for managing this inventory item?
c. If the company decided that their JIT program required frequent small orders and deliveries (assume that this would mean ordering a quantity of 30 units every week, instead of the EOQ quantity on a less frequent basis), and the costs remain the same as described above, how much higher would the total annual cost be for this item?
d. If a 90% service level is required, what reorder point should be used?
Which of the following may be used to estimate how inventory warehouse costs are affected by both the number of shipments and the weight of materials handled?
What are the shortcomings of GDP? Identify and describe some additional tools for measuring economic development.
Determine the trade balance between the U.S. and China for the most recent five year period - Illustrate the trend over period with a graph of the data.
Research and briefly explain 2-3 methods currently being used to encourage economic growth for the typical firm in Hong Kong and for the typical firm in Singapore.
Do brokerage firms know about investment wisdom? Do brokerage firm websites give us hints about investing over our lifetime?
Drawing on Carbaugh's discussions in Chapters 6 and 7 concerning industrial policies, strategic trade policy, the trade problems of developing nations, import substitution, and export-led growth
Income Inequality. Should the Federal government foster a more equal distribution of income? If so, why? If so, how? If not, why not?
Taxes are related to income
In a given population of two-earner male/female couples, male earnings have a mean of $40,000 per year and a standard deviation of $12,000.
A technological innovation that lowers the cost of producing a good might seem at first to result in a reduction in the price of the good consumers. But a fll in price will increase demand for the good and higher demand will send the price up agai..
An industry has a supply curve MC (or P) $/unit = 10Q0.9. Demand follows P $/unit = 100 – Q1.1. Total external social cost (pollution) (in $ total) = 20Q1.2.
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd