Explain what will happen to the eoq, Operation Management

Assignment Help:

Part 1:

A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand and the ordering cost per order do not change. What will happen to the EOQ?

Part 2:

A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer.


Related Discussions:- Explain what will happen to the eoq

Describe the use of strike replacements, Itemize and discuss the different ...

Itemize and discuss the different types of strikes and lock outs, their roles in labour relations and their legal restrictions in private and public sectors. Discuss the use of str

Make an aggregate plan using a spreadsheet, Helter Industries, a company th...

Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand. For the current four-month rolling schedule

Sffdfd, Why mary parker follett ideas tended to be popular

Why mary parker follett ideas tended to be popular

Describe what can i do, I just order a book and the eReader will not open. ...

I just order a book and the eReader will not open. It shows opening book, but it will not load. What can I do?

Explain functional structure with simple structure, Explain how the followi...

Explain how the following somewhat match each other: • functional structure with simple structure • divisional structure with departmentalization by product • machine bureaucracy w

PROJECT MANAGEMENT CPM/PERT CHAT, prepare CPM/PERT chat and determine the s...

prepare CPM/PERT chat and determine the shortest time this project can be completed (using crash time )

Describe what is customer relationship management, What is Customer Relatio...

What is Customer Relationship Management? Describe the four-step framework for one-to-one marketing that can be adapted to CUSTOMER RELATIONSHIP MANAGEMENT marketing?

Explain biggest barriers to widescale adoption of m-commerce, What do you t...

What do you think are the biggest barriers to wide-scale adoption of m-commerce by consumers? Who do you think is working on solutions to these problems and what might the solution

Larger quantity purchases, A vendor's gives discounts to entice larger quan...

A vendor's gives discounts to entice larger quantity purchases.  The price breaks are as follows: Order Size    Discount    Unit Price     0 - 40              0%           $30 50

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