What value of holding cost would its current order quantity

Assignment Help Operation Management

Reference no: EM132193100

1. Maverick law office currently orders ink refills 60 units at a time. The firm estimtes that the ordering cost is $30, and that annual demand is about 240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of holding cost would its current order quantity be optimal? Explain clearly by showing all your work.

2. Nobody, and especially executives involved in channel management, could be expected to know everything about the foreign environments into which their firms’ channels extend. If this is true, what can they be expected to know about foreign environments.

Reference no: EM132193100

Questions Cloud

How does incoterm and routing support your risk strategy : Write the full Incoterm you will quote for this logistics movement, and explain why you chose it. How does this Incoterm and routing support your risk strategy

What are the various steps in the communication process : What are the various steps in the communication process between formal and informal communication in organizations?

What amount of safety stock would be needed : What amount of safety stock would be needed if the acceptable risk of a stockout is 3 percent?

Do you think preferences will change perform different jobs : Do you think those preferences will change perform different jobs? If so, how?

What value of holding cost would its current order quantity : The assumptions of the basic EOQ model are thought to apply. For what value of holding cost would its current order quantity be optimal?

Company is also capable of producing same packing : Company is also capable of producing the same packing crates at its own plant by making additional capital investment $12,000 for extra machines and equipment.

Erps decision associated with production operation : Assume that you are reviewing the ERPS decision associated with a production operation where P=4000 units per year, D=2000 units per year, S=$400 per setup

In newsvendor setting-keeping all else equal : In a Newsvendor setting, keeping all else equal, we should increase our order when:

Competitive advantage aided through jit-lean operations : Identify one competitive advantage aided through JIT/Lean operations and describe one or two specific JIT/Lean tactic that enables this advantage to be gained

User Account

All Pages