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Question: A company works 50 weeks a year while demand is constant at 10 units a week. The cost of placing an order, including delivery charge, is estimated at $ 150. The company reports a return on its assets of 20%. The supplier of the item quoted a basic price of $ 250 a unit, with a discount of 10% on orders of 50 units or more, 15% on orders of 150 units or more and 20% on orders of 500 units or more. What is the optimal order quantity for the item.
2. The demand for a product is constant at 20 units a month. Each unit costs $ 100. Last year the cost to run the company's purchasing department (processing 2000 orders) was $ 50,000. Inventory retention costs are 20% of unit cost for capital, 5% for warehouse space, 3% for deterioration and obsolescence, and 2% for insurance. All of these costs associated with storing the item are combined at an annual fixed cost of $ 2,400. Calculate the EOQ for this article, the time between orders and the corresponding total cost. Doing the item by the company could avoid fixed costs of $ 2400 a year. With a production of 40 units per month, each unit cost $ 75 and a set up cost of $ 1000. Would it be better for the company to make the item or buy it?
Maintain an inventory level in the warehouse that ensures that production will not run out of stock, yet also maintain an inventory level that will minimize.
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Create a product, using a GPS or GIS, that is not currently in the market today that you will present at the next PennVention.
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project africa case patrick wiz is a university professor working in a top-ranked mid-west-based business school the
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