What would be the economic order quantity

Assignment Help Operation Management

Reference no: EM132234292

Antonio White’s machine shop uses 3,500 brackets during the course of a year. These brackets are purchased from a supplier 80 miles away. The following information is known about the brackets:

Given the above information, what would be the economic order quantity (EOQ)?

Given the EOQ, what would be the average inventory? What would be the annual inventory holding cost?

Given the EOQ, how many orders would be made each year? What would be the annual order cost?

Given the EOQ, what is the total annual cost of managing the inventory?

What is the time between orders?

What is the reorder point (ROP)?

Reference no: EM132234292

Questions Cloud

Identify the non-value added activities : To prepare a process flow chart (value stream map) of a familiar service and identify the non-value added activities.

Extra capacity without additional capital investment : how might you gain extra capacity without additional capital investment.?

Typical audience for the user and for the marketer : describe the typical audience for the user and for the marketer

Leadership is an exciting area of organizational behavior : Leadership is an exciting area of organizational behavior, one in which new research is constantly emerging.

What would be the economic order quantity : Given the above information, what would be the economic order quantity (EOQ)?

Terminate in the event of the employee disability : This provision indicates that the employment period shall terminate in the event of the employee’s disability.

Accountable for accurate business communication : Who is responsible and accountable for accurate business communication?

Pros-cons and usefulness of broaden and build theory : Pros, Cons, and usefulness of "Broaden and build" theory of positive enotions by Barbara L. Fredrickson?

Prepare a report for forecast income statements : Prepare a report for presentation to the board of directors - a justified recommendation as to the most appropriate source of finance

User Account

All Pages