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 implement any change in strategy, 1. Describe how you think the hot...

1. Describe how you think the hotel's management will: (a) make sure that the way it manage the hotel is appropriate to the way it competes for business; (b) implement any change i

Explain what is the annual ordering cost, If annual demand is 24,000 units,...

If annual demand is 24,000 units, orders are placed every 0.5 months, and the cost to place an order is $50, what is the annual ordering cost?

Explain development impacted shangri la hotel strategy, Assess how employee...

Assess how employee training and development impacted Shangri La Hotel strategy to delight customer each and every time.

International Business Management, Describe the sentence "The world economy...

Describe the sentence "The world economy is globalizing at an accelerating pace"

Explain does a valid contract exist between two persons, You are currently ...

You are currently an intern working for the largest law firm in Alabama. Your mentor and senior attorney introduces you to a new client, Dick Jefferson, the owner of House Doctor,

Explain companies can voluntarily acknowledge a union, Companies can volunt...

Companies can voluntarily acknowledge a union through a card check recognition process if it appears to have 30% support.

Explain challenges in leading a multi-generational workforce, Challenges in...

Challenges in leading a multi-generational and/or multi-cultural workforces: Need a complete summary for the listed assignment, references. Please at least one page of information

Explain what are some types of software that can help, What are some types ...

What are some types of software that can help us protect employee information? How does this software interact with our current HR technology? Explain from a conceptual stand

Explain individual employees and improve cooperation, How can a pay for per...

How can a pay for performance system increase motivation of individual employees and improve cooperation?

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