Explain what monthly penalty is the company incurring, Operation Management

Assignment Help:

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding cost is 18 cents per jar, and reordering cost is $60 per order. The company operates an average of 20 days a month.

What monthly penalty is the company incurring by its present order size?


Related Discussions:- Explain what monthly penalty is the company incurring

Explain the potential for a new shampoo package, Which type of research des...

Which type of research design - exploratory, descriptive, or casual - is appropriate for the following examples? Explain why? A hair-care manufacturer interviews wholesalers, retai

What are the various managing inventory tools, Q. What are the various mana...

Q. What are the various managing inventory tools? Raw material Materials and elements used to assemble or manufacture finished goods. Work-in-progress Incomplete f

Formulate the problem of maximizing weekly profit, Problem: A leather c...

Problem: A leather company manufactures leather jackets and leather handbags. A leather jacket requires 8 square feet of leather, while a handbag requires 2 square feet. In ad

Describe setting up valid research designs in a company, Discuss setting up...

Discuss setting up valid research designs in a company, work environment

Tangibility & intangibility scale - service delivery system, Tangibility & ...

Tangibility & Intangibility Scale - Service Delivery System Products are things, services are ideas and concepts. From the figure you can see that there is no such thing as a

Hospital management requirement, The local hospital's emergency department ...

The local hospital's emergency department has 5 trauma bays. On average, patients requiring a trauma bay arrive every 50 minutes (with a coefficient of variation of 1, no seasonali

Explain striking in order to have a union recognized, Elections under the N...

Elections under the NLRA were intended to replace the need for striking in order to have a union recognized.

Emba, How many stamping machines are required?

How many stamping machines are required?

Explain how do you approach the situation, In the middle of acquiring a new...

In the middle of acquiring a new company overseas, the deal hits a roadblock and your negotiation team is sent in. Based on the eight negotiation steps, how do you approach the sit

Natural resource - factor affecting productivity improvement, Natural Resou...

Natural Resources - Factors Affecting Productivity Improvement Natural resources The manner in which countries use the resources at their disposal is of major importance,

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