What is the optimal number of days between orders

Assignment Help Operation Management
Reference no: EM13954251

Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year. (3 points each, total=12)

a. What is the optimal order size?

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

c. What is the optimal number of days between orders?

d. What is the annual inventory cost?

Reference no: EM13954251

Questions Cloud

Beginning to be visible as separate bodies : Tall corn plants (T) are dominant to dwarf plants (tt). Solid green leaves (G) are dominant to leaves with a white tip (gg). A cross between two corn plants yielded the following phenotypes:
What circumstances can worker file worker compensation claim : Under what circumstances can a worker file a workers compensation claim? What is the significance of the whistleblower and the FMLA statutes?
What is the half-life of the isotope in seconds : A radioactive isotope has a decay constant lambda = 0.0582 s-1. What is the half-life of the isotope in seconds? What fraction of the activity of a sample of the isotope will remain after 30 seconds?
Problem regarding the closing entries for nordstrom : The following accounts appear on Nordstrom's 2011 financial statements as reported in its Form 10-K for the fiscal year ended January 28, 2012. The accounts are listed in alphabetical order, and the balance in each account is the normal balance fo..
What is the optimal number of days between orders : Joe's Camera shop has a favorite model that has annual sales of 145. The cost to place an order to replenish inventory is $25 per order, and annual inventory costs are $20. Assume the store is open 350 days per year. What is the optimal order size? W..
Main components of the pure food and drug act : What are the main components of the Pure Food and Drug Act of 1906? How was this law attempting to protect the public? What are the main components of the Sherley Amendment: How was this law attempting to protect the public?
Prove that if x is a discrete random variable : Use the result of problem 1 above to show that the average number of heads when a fair coin is flipped n times is equal to n/2.
Determine the EOQ and total cost of ordering at this value : Electronic Village is open 325 days a year and stocks and sells a particular brand of personal computer. It cost the store $350 each time it places an order with the manufacturer for the personal computer which are valued at $950. Determine the EOQ a..
Transactional leadership approach : The previous manager used a transactional leadership approach, which has been relatively ineffective. Evaluate one leadership style and describe which you would take. An experienced executive assistant discovered that she made the same amount of mone..

Reviews

Write a Review

Operation Management Questions & Answers

  Identify the critical business functions

The topics of management and leadership are important to a healthy and productive organization. Students will write a paper focused on the human side of management and leadership using information from the course material, plus any supplemental m..

  Supply chain-identify key risks in the methods

In a company’s supply chain, what are 3 ways you might find out what customers expect. Identify key risks in the methods.

  Use of special purpose entities deal making company culture

Choose two ethical issues raised by the Enron case, e.g., Enron’s accounting fraud, the company’s reward systems, use of special purpose entities, “deal making” company culture, etc. Apply duty ethics your two Step 2 choices. How does use of duty eth..

  New public management on non-profit reform

Interpret the significant impact of New Public Management on Non-Profit Reform. Next, infer two (2) challenges that are associated with implementing the reform in non-profits. Provide a rationale for your response.

  Illustrate the seven problems in achieving acquisition

Identify also elucidate the seven reasons industries engage in an acquisition strategy. Illustrate what are the seven problems in achieving acquisition. No word limit.

  Major institutional investors that own portfolios

Identify some of the major Institutional Investors that own portfolios in major corporations. What are their expectations? Are there any patterns to the ways in which these institutions invest? Explain and discuss.

  Production lines can produce all the different type nozzles

Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers require two operators and can produce up to 12,000 sprinklers

  Problem as an integer linear programming model

A film company needs to cut 15 long rolls and 10 short rolls of film from stock pieces. Each stock piece can be cut in one of two patterns. The first produces 5 long and 2 short rolls; the second yields 3 long and 5 short. Formulate the problem as an..

  Describe managerial hierarchy

Describe your managerial hierarchy. Decide what each partner's managerial role in the restaurant will be. For example, who will be responsible for the necessary departments and specific activities

  Prepare a direct labor budget for the upcoming year

Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor cost for each department and for the company as a whole.

  In what manners can the company benefit from a web site

e-commerce is the trend that most companies are going toward now a days. you are to select one business that does not

  What is the optimal size of the production run

Radovilsky Manufacturing Company, in Hayward. California. makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders of about 12,000 flashing lights per year and has the capability of producing 100 p..

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