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? Round your intermediate order quantity to nearest whole number and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.


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

Jhonson rule, Job Alpha Beta R 8 7 S 9 4 T 7 9 U 3 4 V 12 5

Job Alpha Beta R 8 7 S 9 4 T 7 9 U 3 4 V 12 5

Explain risks identified in the project charter, Risks identified in the pr...

Risks identified in the project charter include events that if they occur will have either a positive or a negative effect on a project's objectives.

Explain can the baker sue kristina for payment of the cake, Kristina places...

Kristina places an order for a cake on Flowers bakery's web site. She then calls the baker to tell him that she will pay him $1000 for the specially designed cake if he will guaran

Compensation and benefits employer can offer their employees, Compensation ...

Compensation and benefits; what are all that an employer can offer their employees? What kind of compensation? What kind of benefits?

Describe implementation and communication of strategic plan, Why is it impo...

Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?

Quantitative technology in management, what are the challenges of quantita...

what are the challenges of quantitative technology in management

Operations Management: Sustainability and Supply Chain Manag, I have seven...

I have seven homework question that I''m trying to complete. How much will it cost

Explain instituting formal performance appraisal, What are some prerequisit...

What are some prerequisite conditions that must exist before instituting formal performance appraisal?

What are the arguments for as against social responsibility, What are the a...

What are the arguments for and against social responsibility on the part of businesses? Please in addition, which set of arguments is more compelling?

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