Explain what benefit would using the optimal order quantity, Operation Management

Assignment Help:

Garden Variety Flower Shop uses 760 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. The manager has been using an order size of 1,500 flower pots.

a. What additional annual cost is the shop incurring by staying with this order size? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

b. Other than cost savings, what benefit would using the optimal order quantity yield? (Round your answer to the nearest whole percent. Omit the "%" sign in your response.)


Related Discussions:- Explain what benefit would using the optimal order quantity

How to exceeded these requirements, Please solve the following constraint t...

Please solve the following constraint then graph: -0.30x + 0.70y ? 0 Show ALL work as to how you got to your conclusion. I will give the highest rating to the person who I fe

Explain the benefits of list segmentation to direct marketer, What are the ...

What are the benefits of list segmentation to direct marketers?

Explain filbert or sword types shapes of what tool, Round, flat, filbert or...

Round, flat, filbert or sword types/shapes of what tool

Patient management, i want to no how they management patient were to start...

i want to no how they management patient were to start up to the end

Explain when acquiring an innovative technology externally, Your company, a...

Your company, a large online high school, is planning to implement a new innovative social networking technology for their students. The technology would allow students to get to k

Explain group that provides financial resources, The project sponsor is the...

The project sponsor is the person or group that provides financial resources, in cash or in kind, for the project.

Maxmin and minmax strategies, In a War , faighter planes typically descende...

In a War , faighter planes typically descended down on bombers from above in the direction of the sun (so it was difficult to see them). Against this strategy, the gunners on the b

Explain fixed-design yachts, Matthew Yachts, located in Montauk, Long Islan...

Matthew Yachts, located in Montauk, Long Island, manufactured sailing yachts of all descriptions. The company had begun by building custom-designed yachts for a largely New York-ba

Industrial policy, Industrial Policy The course of action set by the go...

Industrial Policy The course of action set by the government to influence the development of domestic industrial sectors in particular and the direction of the national organiz

Explain can you be innovative in a mature industry, 1. How much of an impac...

1. How much of an impact does "maturity" level of the industry or company have on strategy? 2. Can you be innovative in a mature industry? 3. Can you be conservative in an in

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