What is the optimal interval between? orders

Assignment Help Operation Management
Reference no: EM132253601

Leaky? Pipe, a local retailer of plumbing? supplies, faces demand for one of its SKUs at a constant rate of 17,000 units per year. It costs Leaky Pipe $35 to process an order to replenish stock and $6.00 per unit per year to carry the item in stock. Stock is received 12 working days after an order is placed. No backordering is allowed. Assume 365 working days a year.

a. Leaky? Pipe's optimal order quantity is __ units.

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

c. What is the optimal interval between? orders?

d. What is the demand during lead? time?

e. What is the reorder? point?

  f. What is the inventory position immediately after an order has been? placed?

Reference no: EM132253601

Questions Cloud

Develop a career development plan for your chosen candidate : In the CapraTek: Succession Planning simulation, you identified the three best candidates for the plant manager position, interviewed each candidate.
Your firm uses continuous review system : Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics.
Discuss the major principles of reward allocation : Discuss the major principles of reward allocation. Which one(s) is (are) preferred by the collectivist culture? Individualistic culture? Why?
Strategic plan designed to address specific health issues : Write a mission statement that will provide a foundation for a strategic plan designed to address the specific health issues
What is the optimal interval between? orders : What is the optimal number of orders per? year? What is the optimal interval between? orders? What is the demand during lead? time?
What is management consulting : What is management consulting? What can you do to promote ethical behavior in the workplace?
The balanced score card measurement tool : An explanation of the usefulness of the Balanced Score Card measurement tool to a practitioner and independent scholar,
Describe and breakdown segmentation and targeting : Describe and breakdown segmentation, targeting, and positioning in the market
Apply the socio-cognitive systems learning model : Apply the socio-cognitive systems learning model to analyze the shift in your system of values, behaviors, and outcomes.

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