The annual inventory carrying cost

Assignment Help Operation Management
Reference no: EM13964230

Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?

Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?

Reference no: EM13964230

Optimum output level to maximize the profit for the firm

The market price of an item is $250.The production cost C for the particular company is a function of its output level, q, and is given by C = 100q^(1.2), where C is in units

The marketing mix-to relationship marketing paradigm

The shift from the transaction marketing paradigm containing concepts such as e.g. the marketing mix - to a relationship marketing paradigm. What does this mean? How do these

What is the capability score of the supplier

The management of a large fast food chain evaluates the supplier of their deep-frozen beef patties. The supplier delivers frozen beef patties that according to the specificati

Does the program develop cultural intelligence

This discussion will help you build skill in evaluating the interdependent variables that impact the value and trajectory of global leadership development programs in terms of

Describe decision that was recently made

Describe a decision that was recently made. Do not disclose company names or any distinguishing features. Summarize what went right and what went wrong with this decision. Wha

Define concerted action under the nlra

Define "concerted action" under the NLRA. Do you think it could apply to non-union employees and non-unionized workforces? As an example, say an employee in a non-union workfo

Manager to understand the nuances of organizational culture

When a person walks into an organization, there is a very specific look and feel that is unique to the organization. Look, feel, what gets said, what does not get said, how ma

What are the key features of the structural frame

Summarize Bolman and Deal’s Reframing perspective by addressing the following questions: Why is the framing perspective important? How does it help managers to understand bett


Write a Review

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