Determine the economic order quantity, Microeconomics

Assignment Help:

Question:

Describe the meaning of ABC inventory control and on what key premise is this system based?

The finance department of Electric Corporation gathered the following information: The carrying cost per unit of inventory is Rs10, The fixed cost per order is Rs20,the number of units required is 30,000 per year, the variable cost per unit ordered is Rs2 and the purchase cost price per unit is Rs30

Required:

(a) Determine the economic order quantity (EOQ)
(b) Determine the total number of orders in a year
(c) Evaluate the time-gap between two orders
(d) What modification is required in the basic EOQ analysis in order to cope with the problem of inflation?
(e) What are the limitations of the EOQ model?


Related Discussions:- Determine the economic order quantity

Obtain an expression for the allowed rotational energies, chemistry assignm...

chemistry assignments ,  obtain an expression for the allowed rotational energies of  N 2  molecules. The equilibrium bond length of the  N 2  molecules is  109.8 pm .

Disadvantages of state trading, Disadvantages of State Trading State tra...

Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu

Physical properties of s block elements, group trend including ionic and at...

group trend including ionic and atomic radii,electron affinity,electronegativity,charge density and ionization potential

Example of consumer surplus, Example: The Value of Clean Air Air is fre...

Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy

Calculate profit maximizing output level , Qustions: You are the sales ...

Qustions: You are the sales manager at SoftSystem, a dominant firm that produces operating system. The new operating system, Doors XR, has been newly developed. Its demand is e

CIE October November 2007 paper one, i''m">http://papers.xtremepapers.com...

i''m">http://papers.xtremepapers.com/CIE/Cambridge%20International%20A%20and%20AS%20Level/Economics%20%289708%29/9708_w07_qp_1.pdf i''m finding question 13 difficult to comprehen

Assignement, need help for my micro assignment

need help for my micro assignment

Secondhand smoke globally kills more than 600, Secondhand smoke globally ki...

Secondhand smoke globally kills more than 600,000 people each year, accounting for 1 percent of all deaths worldwide, according to a new study. . . . Researchers estimated th

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