Determine the optimal order size and total inventory cost, Operation Management

Assignment Help:

Case Study:

The ePoint Store stocks paint in its warehouse and sells it online on its Internet Web site. The store stocks several brands of paint; however, its biggest seller is Sharman-Wilson Iron coat paint. The Company wants to determine the following:

1. Optimal order size and total inventory cost for Iron coat paint given an estimated annual demand of 10,000 gallons of paint, an annual carrying cost of € 0.75 per gallon, and an ordering cost of €150 per day.

2. The number of orders that will be made annually and the time between orders (Order cycle).


Related Discussions:- Determine the optimal order size and total inventory cost

Organizational change which starbucks implemented in 2008, I need a two par...

I need a two paragraph (one page) paper on the organizational change that Starbucks implemented in 2008

How much hours of production time would you schedule for x, Plans are being...

Plans are being made to produce a product that requires 40 minutes on Resource X and 30 minutes on resource Y. Assume that there is only one of each of these resources, and that ma

How many stamping machines are required, Bloomsday Outfitters produces T-sh...

Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30,000 good T-shirts per month. Their plant operates 200 hours per

Work study and value analysis - improving productivity, Work Study and Valu...

Work Study and Value Analysis - Improving Productivity  By considering how work is carried out (method study) or considering alternative approaches using a cost-benefit analys

Explain ethical behaviour by corporations, Read and review the excerpts fro...

Read and review the excerpts from the Sarbanes-Oxley Act in the Appendix of the textbook. Identify three of the criminal penalties that can be charged under the Sarbanes-Oxley Act.

Explain establishing team operating principles, Team operating principles a...

Team operating principles are sometimes included in a project charter to enhance team functioning. Which of the following statements accurately describes the value of establishing

Location analysis, explain the series of steps involved and various factor...

explain the series of steps involved and various factor effecting location decion?

Describe possible ways that a company could benefit, Discuss possible ways ...

Discuss possible ways that a company could benefit from making customers more aware of environmental laws. Provide specific examples to support your rationale. Based on what you

Define desired lot size, A firm that operates 300 days in a year and uses a...

A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300

How to find the optimal order quantity, Must use Excel for solution Zip ...

Must use Excel for solution Zip Games purchases blank 3.5-inch disks onto which it copies its software for sale through its mail order operation. A disk costs Zip $.20. Processi

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