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 

(c) The overall costs.


Related Discussions:- Calculate the optimum order quantity

Explain what will her total variable cost be, Gina Fox has started her own ...

Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from

Explain a typical self-managing team is comprised of, Need these questions ...

Need these questions answered; Have to do a paper on the answers. 1. XYZ, Inc. is making decisions and taking actions with regard to pricing, promotion, and product design of th

Explain successful firms conduct marketing research, Why do successful firm...

Why do successful firms conduct marketing research for their products/services?

Explain ways to embed organizational culture, Which of the two ways to embe...

Which of the two ways to embed organizational culture has SAS used to create its current culture? Provide examples to support your conclusions.

Create a perceptual map for a particular product, Which of the following da...

Which of the following data are collected from consumers to develop a perceptual map for a particular product? A listing of all prospective brands and products Managerial jud

Explain what is the cheapest cost for meeting, ABC Machine Shop, Inc., has ...

ABC Machine Shop, Inc., has a 1-year contract for the production of 48,000 gear housings for a new off-road vehicle. ABC hopes that the contract will be extended and the production

Explain what effective leadership means, Describe what effective leadership...

Describe what effective leadership means to you. Who determines a leader's effectiveness? Provide details and examples to support your thoughts.

Explain authorities under the industrial disputes act, Explain the authorit...

Explain the authorities under the Industrial Disputes Act, 1947. Ans: One of the authorities under the Industrial Disputes Act, 1947 for investigation and settlement of indu

Describe conduct a goodness-of-fit test analysis, A survey performed by Sim...

A survey performed by Simmons Market Research investigated the percentage of individuals in various age groups who indicated they were willing to pay more for environmenlal.ly frie

Explain the current organizational culture, Using the competing values fram...

Using the competing values framework as a point of reference, how would you describe the current organizational culture? Provide examples to support your conclusions.

Write Your Message!

Captcha
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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd