User Account

All Pages

What is the optimal order quantity

Assignment Help Operation Management
Reference no: EM132320640

The demand for a pair of Nike running shoes is normally distributed with mean 1500 and standard deviation 150. The unit cost is $100. The unit selling price is $200. Any remaining items after the selling season will be sent to a discount store and priced at $60. Assume all remaining items sent to the discount store can be sold. What is the optimal order quantity?

Reference no: EM132320640

Questions Cloud

Number of vendors supplying the organization : What are the potential advantages of reducing the number of vendors supplying the organization?
What is material requirements planning : What is material requirements planning (MRP) and why is it important for manufacturing firms to focus on MRP?
What is the purpose of a forecast : What is the purpose of a forecast and how would you select what forecasting technique to use?
What is the optimal order quantity : Assume all remaining items sent to the discount store can be sold. What is the optimal order quantity?
What is the optimal order quantity : Assume all remaining items sent to the discount store can be sold. What is the optimal order quantity?
Discuss any challenges you are experiencing in revising : ENG330 Engineering Hydrology-University of the Sunshine Coast-Queensland-Discuss any challenges you are experiencing in revising, such as refining an angle.
Ordering and carrying costs by using the eoq : How much could the firm save annually in ordering and carrying costs by using the EOQ?
Minimize ordering and holding costs : If the firm is required to order an integer multiple of 150 units, what order quantity should it use to minimize ordering and holding costs?
Five functions of management : How will you work to use and apply the five functions of management?planning,staffing, leading , organizing and controls

Reviews

Write a Review

Operation Management Questions & Answers

  Some of the causes of the worldwide great depression

Discuss some of the causes of the Worldwide Great Depression.

  Performs many of total knee replacement procedures

Dr. Smith, an orthopedic surgeon, has come to you as CEO of the hospital in which he performs many of his total knee replacement procedures.

  Are these duties in the best national interest of the usa

Intro to International Business: MGT-321 : Are these duties in the best national interest of the USA? Who are the losers? Please explain the reason.

  Best practices-leading companies using logistics technology

Describe how IT logistics technology is currently used in your organization, and how its use can it be improved or expanded. In what ways has the logistics technology added value to your organization? Quantify this value in terms of tangible and inta..

  Discuss the events that lead to the crime control model

Discuss the events that lead to the crime control model. Explain how community corrections and evidence-based corrections fit into this model.

  Forth under the fair labor standards act

The various employment classifications (non-exempt, exempt, independent contractor) as set forth under the Fair Labor Standards Act (FLSA).

  Consider a specific sector of the transportation

consider a specific sector of the transportation industry-airlines railroads trucking shipping and multimodal. explain

  Decision to no longer sell tobacco products

How has CVS handled its ethical challenges? Evaluate CVS's decision to no longer sell tobacco products.

  Intentional interference with contractual relationship

Explain the differences between intentional interference with a contractual relationship and interference with prospective advantage.

  Using the data from above to develop control limits

A quality control inspector at Cocoa Fizz is using the data from above to develop control limits.

  List the difference between patent and trademark

list the difference between a patent and a trademark. Should a company be allowed to patent a life form?

  Termination of agency by impossibility of performance

Compare and contrast the termination of an agency by impossibility of performance and termination of an agency by operation of law? Why can't an injured worker both receive workers’ compensation and sue the employer for damages? Is there any exceptio..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd