eoq model, Supply Chain Management

Assignment Help:
#question Tom Rich and Joe Miser have an e-checking/savings account at the eKU bank. Both Tom and Joe had $5000 in their account at the start of the calendar year 2013. Both have projected cash usage of $50 per week at a constant rate. eKU bank charges a $0.75 ATM withdrawal fee for every ATM transaction, which is billed to the account at the end of the calendar year. The account also earns a 6% APY which is based on the average annual balance, and deposited in the account at the end of the year. For the purpose of simplifying your calculations, assume 50 weeks per year and no additional deposit to this account during 2013.

(a) Tom has a fat wallet and hence withdraws $500 whenever he runs out of cash, while Joe withdraws cash every Monday on his way to the student union. Who will have a higher account balance at the end of calendar year 2013?

Related Discussions:- eoq model

1a, what do we mean by overall supply chain profitability?

what do we mean by overall supply chain profitability?

Question, Pursuit of one pricing philosophy will often preclude pursuit of ...

Pursuit of one pricing philosophy will often preclude pursuit of another pricing strategy. The statement “Prices should reflect the customer’s willingness-to-pay”, is such an examp

What is the need of supply chain mapping, Question 1: What is the need ...

Question 1: What is the need of supply chain mapping? Briefly describe supply chain mapping. Explanation , Examples - diagram, use Question 2: Describe the three typ

Sampling risks, Sampling Risks Any uncertainty in a project plan that p...

Sampling Risks Any uncertainty in a project plan that potentially can be controlled, tracked or identified is termed as Risk. Risk analysis involves consideration of uncertaint

Discuss the validity in Zimbabwe of the grounds on w, Discuss the validity ...

Discuss the validity in Zimbabwe of the grounds on which the profit maximising model of the firm has been defended.

Historic time series - unemployment rates, Using historic time series data ...

Using historic time series data on monthly unemployment rates from January 2001 to April 2011, calculate the following: a) Monthly adjusted seasonal indices using monthly moving

Logistics, Discuss the logistics strategies

Discuss the logistics strategies

Purchasing and supply.., 5 steps in the process of evaluating the purchasin...

5 steps in the process of evaluating the purchasing and supply system

Inspection necessity, Inspection N ecessity:    In    case   of   pr...

Inspection N ecessity:    In    case   of   project    management,    planning    and    quality management are necessary processes. However, for quality maintenance and pro

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