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

Describe mpc can run independent of the operation plan, Which of the follow...

Which of the following is true? MPC can run independent of the operation plan. Business failure can result from poor MPC performance. In PAC, order release directly affect

Explain internal environment of an organization, Identify and comment on tw...

Identify and comment on two stakeholders in the internal environment of an organization.

Explain develop a time-phased structure, Heather Adams, production manager ...

Heather Adams, production manager for a Colorado exercise equipment, needs to schedule an order for 50 Ultimate Steppers, which are to be shipped in week 8. Subscripts indicate qua

Explain skills associated with effective project manage, Determine which of...

Determine which of the eight traits or skills associated with being an effective project manager would be the most effective when managing a group of newly hired engineers. Justify

Explain method would you pursue to minimize channel conflict, D-Magic is a ...

D-Magic is a new company that has developed a revolutionary 3D television. It uses a new technology that provides a much sharper and realistic 3D experience than their competitors.

What are the restrictions of the enterprise-wide systems, Q. What are the r...

Q. What are the restrictions of the enterprise-wide systems? Limitations of enterprise-wide systems (ERP): a.     Insufficient investment into training for end users. b.

Explain utilitarian and a libertarian view, Compare a Utilitarian and a Lib...

Compare a Utilitarian and a Libertarian view on the importance and enforcement of consumer rights (to choose, to safety, to be informed, to be heard, to redress and to privacy).

Operation management functions, Operation Management functions Operatio...

Operation Management functions Operations Management has many functions to carry out the transformation procedure efficiently. The function incorporates various roles which are

Factor rating method, East Coast Manufacturing, Inc. plans to locate a new ...

East Coast Manufacturing, Inc. plans to locate a new production facility in Hartford, Philadelphia, or Baltimore.  Six location factors are important:  cost per product unit, labor

Explain how would you prevent them from occurring again, There are many way...

There are many ways in which someone can gain access to employee data. Share some of those ways and how you would address them after the fact. How would you prevent them from occur

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