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

Case study, whom will rajendra eat with

whom will rajendra eat with

Explain diagnostic equipment and communications, Last year, the manager of ...

Last year, the manager of the service department at East Woods Ford instituted a customer opinion program to find out how to improve service. One week after service on a vehicle wa

Asseyment, what used materials for made the Turbine blades which endures vi...

what used materials for made the Turbine blades which endures vibrations and saline conditions and why?

What are the pros and cons of flexible schedules for staff, What are the pr...

What are the pros and cons of flexible schedules from an employee's perspective?

Feedback - advantages of statistical process control, Feedback - Advantages...

Feedback - Advantages of Statistical Process Control  SPC is a clear example of negative-feedback system control, providing management with timely information on the state of

Explain intent or motive behind sexual harassment activities, Should be int...

Should be intent or motive behind Lewiston's conduct be considered when deciding sexual harassment activities? Explain

Explain formulate a marketing mix plan, Formulate a marketing mix plan for ...

Formulate a marketing mix plan for a travel agency by constructing a minimum of three marketing objectives and goals for each of the marketing mix components, product, price, distr

Explain what can they do to prevent cost overruns, Why do you think it's di...

Why do you think it's difficult to understand some of the basic cost terms in this chapter? Why aren't many technical people interested in cost-related subjects? What could be done

Heterogeneity and intangibility of service products, Heterogeneity and Inta...

Heterogeneity and Intangibility of Service Products Heterogeneity  Service may be variable, difficult to standardise.  Intangibility of service products  Not ea

Explain unethical behaviour proposed by saul gellerman, Of the four commonl...

Of the four commonly held rationalizations for unethical behaviour proposed by Saul Gellerman, which one do you thing gets use most often? Why?

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