Explain the optimal order size, Operation Management

Assignment Help:

A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine

a) The optimal order size

b) The total inventory cost

c) The length of time to receive an order

d) The number of orders per year

e) The maximum inventory level


Related Discussions:- Explain the optimal order size

Explain how many hours would the average laborer, In December, general moto...

In December, general motors produced 7,200 customized vans at its plant in Detroit. The labor productivity at this plant is known to have been 0.10 vans per labor hour during that

Explain how to create a living, What would you suggest to companies on how ...

What would you suggest to companies on how to create a living, adapting marketing plan?

Why sales promotion is resorted, Why Sales Promotion is resorted? Sales...

Why Sales Promotion is resorted? Sales Promotion is resorted to increase the sale volume.

OPERATTION MANAGEMENT, DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES...

DISCUSS THE ADVISABILITY OF USING MODULAR ASSEMBLIES IN MANFACTURING

Explain what is the glass ceiling, What is the glass ceiling, and why do yo...

What is the glass ceiling, and why do you think it has proven to be such a barrier to women and minorities?

Explain which event was the labor productivity higher, A catering company p...

A catering company prepared and served 300 meals at an anniversary celebration last week using eight workers. The week before, six workers prepared and served 20 meals at a weedin

Answer, What happens if balance doesn’t exist?

What happens if balance doesn’t exist?

Explain does the sarbanes-oxley act effectively, Does the Sarbanes-Oxley Ac...

Does the Sarbanes-Oxley Act effectively protect stakeholders? Why, or why not?

Explain electronic information exchanges throughout firms, Of focus in any ...

Of focus in any HMIS is data compatibility, which includes the use of common codes and data definitions, specifically used for electronic information exchanges throughout the organ

Offer description of the term product strategy, Provide a brief description...

Provide a brief description of the term product strategy

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