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

Behaviour while a person ethic is somewhat questionable, Which of the follo...

Which of the following statement is correct/1. Deep acting and surface acting are two terms reflecting ways of behaviour when a person ethic is somewhat questionable/2. Deep acting

Explain the role of purchasing, Describe the role of purchasing in contribu...

Describe the role of purchasing in contributing to the profitability of the enterprise

Explain the three forms of ownership, Answer the following questions on the...

Answer the following questions on the Topic of Forms of Business Ownership 1. Describe the three forms of ownership. Describe two advantages and two disadvantages of each. 2.

Explain cango is looking at ways to grow its business, CanGo is looking at ...

CanGo is looking at ways to grow its business. How should they approach the decision on how to do it?

Calculate discount on acquisition, Westside Printing Limited was incorporat...

Westside Printing Limited was incorporated on 1 July 200A to take over the existing business of Bob's Printing. Net assets (other than cash) were taken over at fair value. The tota

Explain improve long-term sales potential, Corporate social responsibility ...

Corporate social responsibility programs that increase brand awareness to improve brand equity, in order to improve long-term sales potential, are directly affecting the ______ out

Explain work center, Distinguish between a work center, a GT cell, and a fl...

Distinguish between a work center, a GT cell, and a flow shop. Describe and provide examples of each

Explain bill could protect the data and systems, Make a list of five ways t...

Make a list of five ways that Bill could protect the data and systems that he is going to put in place. Consider the type of data and systems that would be relevant to Bill's pizz

Describe what''s an effective mission statement, What's an effective missio...

What's an effective mission statement for the Chattanooga Ice Cream Division?

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