Calculate the optimum order quantity, Operation Management

Assignment Help:

1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one item in stock for one year.

Calculate:

(a) The optimum order quantity

(b) The number of orders to be placed annually and

Related Discussions:- Calculate the optimum order quantity

Explain management''s responsibility regarding risk, There is a puzzle in r...

There is a puzzle in regard to risk. What is management's responsibility regarding risk? At what level(s) does each aspect of risk management lie?

Explain lucrative pharmaceutical market, Vision Tec, an advanced technology...

Vision Tec, an advanced technology company in the Midwest, is developing their new Vision System product for the lucrative Pharmaceutical Market. This system uses a high-resolution

Explain cost variance and schedule variances for each task, You are the pro...

You are the project manager for the following project which started Feb. 1st, 2009. It is now March 1sr, 2009. Prepare a monthly status report for February 2009, using the project

Supplier relationships in a supply network, Supplier relationships in a sup...

Supplier relationships in a supply network are categorised in which ways:- Single, multiple, delegated and parallel

Economic advantage of statistical process control, Economic Advantage of St...

Economic Advantage of Statistical Process Control Since only samples of the output are measured, the cost of the measurement is substantially less than if all of the output we

Explain steps in project completion have been finalized, Explain to a new p...

Explain to a new project manager how you ensure that all steps in project completion have been finalized

Forcasting, what are types of forcasting?

what are types of forcasting?

Describe what would the roe on the investment, Dilution In the previous pro...

Dilution In the previous problem, what would the ROE on the investment have to be if we wanted the price after the offering to be $73 per share (assume the PE ratio still remains c

Explain meeting organizational objectives, Write a 350- to 700-word paper t...

Write a 350- to 700-word paper that defines and compares and contrasts the following: • Innovation• Design• Creativity Describe the importance of the three items in meeting organiz

Explain how is ace products organized, Steffi Graf has assumed leadership o...

Steffi Graf has assumed leadership of Ace Products after many years of loyal service. Ace Products is an international manufacturer of copiers, printers, and fax machines. Historic

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages