What is the optimal order quantity

Assignment Help Operation Management

Reference no: EM13226217

The new office supply discounter, Paper Clips, Etc. (PCE), sells a certain type of ergonomically correct office chair which costs $300. The annual holding cost rate is 40%, annual demand is 900, and the order cost is $20 per order. The lead time is 4 days. The store is open 300 days per year. What is the optimal order quantity?

Reference no: EM13226217

Questions Cloud

How is severance calculated and when is it due : 1. When are pay raises required? 2.Is extra pay required for weekend or night work? 3. How is severance calculated and when is it due?

Explain the haber process is very important for agriculture : The Haber process is very important for agriculture because it converts N2 (g) from the atmosphere into bound nitrogen which can be taken up and used by plants. The reaction is N2 + H2->NH3

Determine the change in internal energy of the fluid : 2.25 kg of a fluid having a volume of 0.1 m^3 are contained in a cylinder at constant pressure of 7 bar. Heat energy is supplied to the fluid until the volume becomes 0.2 m^3. If the initial and final specific enthalpies of the fluid are 210 kj/kg..

Compute the number of photons : Calculate the number of photons needed if 92.0 percent of microwave energy is converted to thermal energy of water.

What is the optimal order quantity : The annual holding cost rate is 40%, annual demand is 900, and the order cost is $20 per order. The lead time is 4 days. The store is open 300 days per year. What is the optimal order quantity?

Determine the equivilant resistance of the battery : Design a hand warmer with a heated element consisting of an encapsulated resistor to be held in your hand and powered by a 6V battery that you put in your coat pocket. Use 26 gauge wire to connect the resistor to the battery.

Inspire the team to achieve high goals : explain why you characterized him or her as inspiring or uninspiring. You must use information presented in the course materials or outside sources, which you reference, to make your determination.

Encompass mental-emotional-spiritual dimensions of health : what is a term used to encompass mental, emotional, spiritual dimensions of health.

How can communication assist with change strategy : How can communication assist with change strategy and implementation? What should you communicate about a change? When should you communicate about a change.

User Account

All Pages