User Account

All Pages

Using the eoq model, how many should ray order

Assignment Help Operation Management
Reference no: EM1359913

1. Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish. Ray has estimated the annual demand for this model at 1,000 units. His cost to carry one unit is $100 per year per unit, and he has estimated that each order costs $25 to place. Using the EOQ model, how many should Ray order?  Please provide the formula, at least one step of calculation, and the correct order size.

2. Given the following information, formulate a continuous-review inventory management system. The item is demanded 50 weeks a year. 

Item cost

$10

Standard deviation of weekly demand

 

Order cost

$250

25 per week

Annual holding cost (%)

33% of item cost

Lead time

1 week

Annual demand

25,750

Service probability

95%

Average demand

515 per week

 

 

Compute the order quantity and reorder point.  

Reference no: EM1359913

Questions Cloud

Level of operating efficiency : How can a government be tempted to take a profit cannot afford? What sounds better, $250,000 of increased services or $187,500 less in expenditures?
Calculate expected rate of return on the stock : Rate of Return. Steady As She Goes, Corporation will pay a year-end dividend of $3 per share. Investors expect the dividend to increase at a rate of 4% indefinitely.
Are mandatory limits on environmentally damaging practices : Are mandatory limits on environmentally damaging practices likely to be more or less successful than voluntary limits?
Policy brief : Assume you are working for the Centers for Medicare and Medicaid Services (CMS) and have been asked to prepare a briefing document for your boss on the Medicaid matching grant. He/she needs to make a briefing to Congress and is not aware of the struc..
Using the eoq model, how many should ray order : Using the EOQ model, how many should Ray order?   Please provide the formula, at least one step of calculation, and the correct order size.
Logistic regression : Marentette and El-Masri (2011) used logistic regression to identify predictors of obtaining seasonal influenza vaccination among hospital-based nurses in Canada.  Their results are shown in table 1:
Write a java program to implement the finite field : Write a program called "GF2.java" to implement the finite field GF(p n ) where p is a prime number and n is a positive integer.  You also need to write four methods to realize "+", "-", "´", and "/".
The effect of fluid cooling : Write a  literature review and the title is "the effect of fluid cooling on the performance of building integrated photovoltaic thermal systems. Using some BIPVT prototypes measure their thermal and electrical output and dtermine their effectiveness"
Which critically examines the benefits and risks to company : Which critically examines the benefits and risks to a company, of incorporating corporate debt into a portfolio of equity and debt.

Reviews

Write a Review

Operation Management Questions & Answers

  Lessons from operations management

This solution offers the student with a brief overview of most important thing you could learn from operations management (as well as an example). It's approximately 230 words and one reference is included.

  Risk management memo by project manager

Even though you are the project manager and one ultimately responsible for planning and implementing the project plan-Draft a memo outlining your ideas how two of following team members could integrate risk management in their jobs:

  Linear programming of jane deere company

The Jane Deere Company manufactures tractors in Provo, Utah. Jeremiah Goldstein, the production planner, is scheduling tractor production for the next three months.

  Four essential elements of contract

Identify and define each of the four essential elements of a contract. Use the facts of the case to explain whether each of these elements is present and whether a contract has been formed.

  The days allowed for completion of the critical path

How many days should the marketing manager allow for completion of the critical path if he wants to be 99% sure that the critical path will be completed within this allowed time?

  Primary research of pharmaceutical manufacturer

A pharmaceutical manufacturer employed observations to improvement training of new reps. What category of research is this?

  Basic research methodologies-difference in qualitative

Describe the key characteristics and differences of the qualitative, quantitative, mixed, and action research methodologies.

  Service and manufacturing process

Service/ Manufacturing process design is based on a considerable number of different variables and shows, in essence, a number of trade-offs.

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  Describe the organisational culture

Describe the organisational culture or leadership style within Walmart

  Decision modeling for mytrle air express

Suppose that management of Mytrle Air express believes that the probability of weak demand is 0.70. and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd