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 when linking marketing requirements, When linking marketing require...

When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? JIT and Lean MRP and PAC MRP and JIT

Describe how cultural diversity can affect the functioning, Explain how cul...

Explain how cultural diversity can affect the effective functioning of virtual teams operating in a global economy Assess a company's marketing strategy, with a focus on marketing

What are the receipts handling in the purchasing department, Q. What are th...

Q. What are the receipts handling in the purchasing department? Receipts handling: It is the responsibility of the purchasing department: a.     Shipping and transport manag

Explain permissive actions act, Why do unions emphasize the need for cohesi...

Why do unions emphasize the need for cohesiveness? So they can issue calls for "solidarity" to members during periods of threat Because group members tend to behave different

Explain car rental agency that calculates rental charges, Create a project ...

Create a project for the local car rental agency that calculates rental charges. The agency that calculates $15 per day plus $0.12 per mile. Form: Use text boxes for the customer n

Describe how you might use job enlargement, Explains how you might use job ...

Explains how you might use job enlargement, job rotation, and/ or job enrichment to in motivating custodians at Norman dale CC.

Explain this in relevance to uncertain events, Imagine the difficulties of ...

Imagine the difficulties of an employer whose decision context is choosing a new employee from a set of applicants whom he will interview. What do you think the employer's objectiv

Explain research and industrial engineering, What future for Operations ...

What future for Operations Research/Industrial Engineering? In your own words, answer the following questions in an essay: What is this presentation about? What does th

How enhance organizational behaviour, According to Morgan (2006), "All theo...

According to Morgan (2006), "All theories of organization and management are based on implicit images or metaphors that lead us to see, understand, and manage organizations in dist

Describe departments being located close together, A (n) ____ gives the rel...

A (n) ____ gives the relative importance of each pair of operations or departments being located close together.

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