User Account

All Pages

What will be the average inventory of fuel

Assignment Help Operation Management
Reference no: EM13505329

Jack owns a local trucking company. With the high fuel costs, Jack wants to evaluate how much fuel, on average, he should store in his 35,000 fuel tank. Each year Jack uses 30,000 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainly that he can have a load of fuel delivered in 10 days. Jack says, "The darn delivery service charges a $150 fee for each delivery, no matter how much I purchase." Earlier this year Jack hedged his fuel at $2.00 per gallon. Jack does some horse trading on the side, so he thinks his holding cost per unit is $0.10. If Jack orders at EOQ, what will be the average inventory of fuel in his 35,000 gallon tank?

Reference no: EM13505329

Questions Cloud

Explain the hydronium ion concentration in pure water : At 10 degrees Celsius, the autoionization constant for pure water, Kw, is 2.92e-15. What is the hydronium ion concentration in pure water at this temperature
Determine how much power is saved : Estimate how much power is saved if the voltage is stepped up from 240 V to 1200 V and then down again, rather than simply transmitting at 240 V
Prepare the journal entries for the lessee for 2012 : Prepare an amortization schedule that would be suitable for the lessee for the lease term - prepare the journal entries for the lessee for 2012 and 2013 to record the lease agreement
Explain the systematic name for each diene : Draw two conjugated dienes, and two nonconjugated dienes, each with the formula C7H12 and the base name hexane. Provide the systematic name for each diene.
What will be the average inventory of fuel : What will be the average inventory of fuel in his 35,000 gallon tank?
Prepare a pension worksheet the pension worksheet : Prepare a pension worksheet. On the pension worksheet, compute pension expense, pension asset/liability, projected benefit obligation, plan assets, prior service cost, and net gain or loss.
Describe the type of hospitality industry : Describe the type of hospitality industry and its main categories of employees
State determinations of acid-base titrations be done : Why is it important that all determinations of acid-base titrations be done at the same temperature
Explain the reaction proceeds to completion : The flasks is opened, and the gases are allowed to mix thoroughly, the following reaction proceeds at constant temperature. What is the resulting total pressure of gases in now-joined flasks after the reaction proceeds to completion

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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