Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ashish keeps his inventory in special containers. Each container occupies 10 sq fit of store space. Only 5000 sq ft of the storage space is available. The annual demand for the inventory item is 9000 containers priced at Rs. 8 per container. The ordering cost is estimated at Rs. 40 per order and the annual carrying costs amount to 25% of the inventory value.
Would you recommend to ashish to increase his to rage space? If so how much should be the increase?
Solution :
Given D = 9000 units , A = Rs. 40 / order , C - Rs. 8 / unit and h = 25% of Rs. 8 = Rs 2 unit / year
We have
EOQ = √2AD / h
= √2X 9000 X 40 / 2 = 600
With EOQ = 600 units the maximum level of inventory would be 600 units and the space required to hold it equals 600 X 10 = 6000 square feet. The present capacity being 5000 square feet he should increase the storage capacity by 1000 square feet.
DAT, Inc, company needs to develop an aggregate plan for its product line. Relevant data are Production time: 1 hour per unit Average labor cost: $10/hour Workweek: 5 d
Considering the huge liability associated with workers getting injured on the job, evaluate if implementing of 58 in the work place can help with reducing the risk of these liabili
Describe the organizational structure that results from each of the different bases of departmentalization?
A manager nodding to express to a subordinate who is making a useful comment during a staff meeting is a example of/1.equity exchange/2.postive reinforcement/3 executive conditioni
Compare and contrast the traditional and matrix organization. What are its advantages and disadvantages of the matrix organization?
Describe the elements in a HRMIS and the role such a system plays in an organization's ability to meet its goals. If you are familiar with such a system, what information does it p
#questiApplying the EBQ1 model, what batch size would you recommend for the babybath (143BB)? How long will each batch take to produce, and how many batches per year will be made?
Brainstorming - Improving Productivity Brainstorming is a well-known ideas-generating technique aimed at producing new ideas before evaluation, which tends to shut down many
Why are uniform laws like the UCITA and the UETA necessary? Does it make any difference if these uniform laws are not enacted in every state? How should the law be applied to a dis
Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation y
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd