Determine the optimal order quantity as well the annual cost, Operation Management

Assignment Help:

The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order is estimated to be $12.00. The store uses an inventory carrying cost of 27% per year.

Determine the optimal order quantity, order frequency and the annual cost of inventory management.


Related Discussions:- Determine the optimal order quantity as well the annual cost

Explain what is activity-based costing, 1. What is activity-based costing? ...

1. What is activity-based costing? 2. What are three of the five purposes of a performance measurement system? 3. What are three of the five benefits listed that the right informat

Compute the holding period return for an investor, The prices for company A...

The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purch

Structural adjustment - factor affecting productivity, Structural Adjustmen...

Structural Adjustments - Factors Affecting Productivity Improvement Structural adjustment relates to the composition of society, the industries in which people work, fashions

Explain about leadership styles, Question: (a) Write short notes on any...

Question: (a) Write short notes on any five leadership theories and on any three main leadership styles. (b) Your friend has just been appointed team leader at his place o

Explain consumption behaviours which you consider unethical, Compile a list...

Compile a list of consumption behaviours which you consider unethical. For each behaviour listed, explain why you view it as wrong

Illustrate overview of operational functions or departments, Illustrate the...

Illustrate the overview of operational functions or departments? Organisations create products or deliver services and act rely heavily onto operational processes to create eff

Describe assaults a waitress at a nearby restaurant, A company hires a file...

A company hires a file clerk but does not inquire into his criminal history. In fact, he has had several convictions for driving while intoxicated. On a lunch break, he gets drunk

Explain inatrode produces computer chips, Inatrode produces 4750 computer c...

Inatrode produces 4750 computer chips per day. Each day, a sample of 375 chips is tested for a period of 96 operating hours each. During the test, 3 failed at 15 hours, 5 failed at

Countries that are leading the export import of merchandise, The wtos intl ...

The wtos intl trade statistics is an annual report that provides comprehensive comparable updated statistics on trade in merchandise and commercial services. This report allows for

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