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

Depict a project network for the activities, A senior MIS design class proj...

A senior MIS design class project team has developed the following schedule of activities for their project, using their best estimate of completion times. Both written and oral re

Explain what companies must do to achieve iso rating, Discuss ISO 14,000 an...

Discuss ISO 14,000 and ISO 14,001 and briefly describe what companies must do to achieve this rating.

Explain internet for marketing communications, How you Google's do expected...

How you Google's do expected dominance of the online display advertising market will affect marketers who already use the Internet for marketing communications? Will its push into

Explaining each milestone using the smart criteria, Identify at least eight...

Identify at least eight milestones for WBS and A Gantt chart. Write a one-page paper describing each milestone using the SMART criteria. Discuss how determining these milestones mi

Describe why it is both a business pressure, Explain why IT is both a busin...

Explain why IT is both a business pressure and an enabler of response activities that counter business pressures?

Briefly describe the four different approaches to social, Briefly explain t...

Briefly explain the four different approaches to social responsibility that an organization can adopt.

Global supply chain issues, Global Supply Chain Issues  Global supply ...

Global Supply Chain Issues  Global supply chains bring problems of their own. As companies begin to apply organisational efficiencies achieved in their home markets to oversea

Explain effect on a service delivery system, Why does volatility of demand ...

Why does volatility of demand have a higher effect on a service delivery system than on a manufacturing system?

Explain how much safety inventory does the store carry, Demand during lead-...

Demand during lead-time for HP printers at a Sam's club store is normally distributed, with a mean of 500 and a standard deviation of 150. The store manager continuously monitors i

Ramjee Somjee Dutt, After working for 30 years, Ramjee Somjee Dutt opted fo...

After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine

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