Explain annual holding and order costs, Operation Management

Assignment Help:

Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time - 1 week service probability - 95% Determine the order quantity and reorder point. Determine the annual holding and order costs.


Related Discussions:- Explain annual holding and order costs

Production management, Give 5 steps in deciding Service facility location

Give 5 steps in deciding Service facility location

Describe in detail why change is necessary in organizations, Explain in det...

Explain in detail why change is necessary in organizations. Describe the effects that change can have on quality management with respect to employee commitment and quality levels.

Why needs and motivate positive organizational behaviour, What motivates yo...

What motivates you? What are your needs? How do you attempt to satisfy your motivational needs within your organization? What opportunities does your organization provide to satisf

Explain how would this change of currency affect, When the Zagat, a leading...

When the Zagat, a leading provider of leisme-hased survey results, released its San Francisco Restaurants Survey, it marked the 25th year that Zagat Survey reported on diners and t

What percent compounded annually, How much should be deposited now at 8% co...

How much should be deposited now at 8% compounded semi-annually to make a possible equal withdrawal of $5,000 at the end of each year for 5 years, the first withdrawal to be made 1

Explain the way of clear communication, On a recent trip to India, Mr. Yang...

On a recent trip to India, Mr. Yang, a prominent Chinese executive, dined with his client Himanshu Jain. Mr. Yang commented that the food was spicy, which Mr. Jain interpreted as a

Explain what will the stock price be following the split, Mid-State BankCor...

Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what w

What are individual and group decisions, What are individual and group deci...

What are individual and group decisions? Individual decisions are taken through a single individual in context of routine decisions whether guidelines are already given. Group

Explain capacity is the maximum rate of output of a process, 1. Capacity is...

1. Capacity is the maximum rate of output of a process. 2. Capacity decisions should be made separate from strategic decisions. 3. Capacity can be expressed by output or inpu

Economics, Economics issues and operation research solutions

Economics issues and operation research solutions

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