Reference no: EM131385962
Calculate the EOQ and reorder point for each of the book types. Lead time for any type of book is 5 weeks.
Assume the demand data given in the spreadsheet is normally distributed. The accounting department estimates the average costs for A, B, and C books to be $5.05, $7.39, and $10.25, respectively, for a single copy. It costs 45% per year, per unit, for annual holding costs. The batch size is 3,500 for an A book, 1,000 for a B book, and 500 for a C book. The administrative cost for ordering a batch of a book has been estimated to be $125.
What is your recommendation for each type of book? Why?
How much safety stock should be held, by type of book? What is the total cost of your recommendation?
What are the advantages and disadvantages of each option?
Use a standard "300 days per year" when doing the calculations if and when "days per year" is necessary.
|
Draw up a statement of profit or loss
: Draw up a statement of profit or loss for the year ending 31 December 2015, and a statement of financial position as at that date. Show all of your workings.
|
|
Write a matlab code to generate the fibonacci sequence
: EE 412- Write a Matlab code to generate the Fibonacci sequence to generate the first 20 terms. Plot the golden ratio for the sequence and notice how the ratio approaches a constant.
|
|
Management plan addresses four different management function
: A Strategic Management Plan addresses four different management functions: Environmental Scanning, Strategy Formulation, Strategy Implementation, Evaluation and Control.
|
|
Monopoly market-most benefit from the surplus
: In a monopoly market if the people want to get the most benefit from the surplus that has been created by the market, what government can do to protect the benefit of the people?
|
|
What is your recommendation for each type of book
: Calculate the EOQ and reorder point for each of the book types. Lead time for any type of book is 5 weeks. What is your recommendation for each type of book? Why
|
|
Which device will give the best ear protection in practice
: A set of earmuffs has an NRR of 30 dBA, and a set of plugs has an NRR of 20dBA. Workers in a car factory are exposed to 110 dBA for 8hrs. Workers wearing the muffs take them off for half an hour each day while working due to discomfort whereas plug w..
|
|
Does this circuit have forbidden inputs
: Build a feedback circuit with cross-coupled NAND gates. What input conditions cause the state of this latch-like device to be reset? To be set? Does this circuit have forbidden inputs? If so, what are they?
|
|
Recommend an emphasis on inflation or unemployment
: As you now know, the Phillips Curve shows the tradeoff between unemployment and inflation. If you were Chairman Yellen, in today’s current economic state, would you recommend an emphasis on inflation or unemployment?
|
|
Explore the ethical issues that rick and rick family
: Rick Stone is a 48-year-old male who is diagnosed with rapidly advancing Lou Gehrig's (ALS) disease. Explore the ethical issues that Rick and Rick's family may face in the future. As a healthcare provider, how might you advise Rick and his famil..
|