What are the EOQ and Total Cost of this situation

Assignment Help Operation Management
Reference no: EM13783163

Jos runs a mail-order business for gym equipment from his house in Dorado. Annual demand for the PuertoFlexers (the best seller) is 25,000 in the US. Assume that the year has 360 days. He sells each product for $350, including shipping and handling to the US. The annual holding cost per unit is $5.50 and the cost to process an order is $25. It takes ten days to completely process an order. (Write down any assumption that you have to make.)

What are the EOQ and Total Cost of this situation?

How long does a cycle time last?

If Jos has space for 565 products, can all be stored in his facilities?

If Jos expect demand to rise by 15% next year, does he has to make any arrangements?

If Jos gets a price discount based on the amount bought (see the range below), what is the EOT and Total Cost of the situation

Reference no: EM13783163

Questions Cloud

Change in social values in american society : In an essay (750-1,000 words), explain how the change in social values in American society in the last 50 years or so has changed the face of education in the United States. Include a description of the social issues that schools face and offer an..
Optimization for transactional processing : Databases can grow in data structure and data capacity throughout time. At certain times, it is necessary to perform optimization techniques in order to ensure optimal performance of the database.
Is this an example of an unlawful quota why or why not : Benjamin, who is of Asian descent, graduated from the same vocational university and was in the top 12% of his graduating class. Both Elizabeth and Benjamin apply to Data Protection, but only Elizabeth is accepted. Is this an example of an unlawfu..
Experience of religions around the world : Your studies in this course mark a journey through the experience of religions around the world. For your HU320 final project you will further this journey with a visit to an actual site where people gather for religious practice or worship. Prefe..
What are the EOQ and Total Cost of this situation : Jos runs a mail-order business for gym equipment from his house in Dorado. Annual demand for the PuertoFlexers (the best seller) is 25,000 in the US. Assume that the year has 360 days. He sells each product for $350, including shipping and handling t..
Human services come in many different forms : Discuss the influence of the competing views between the personal values and morals of the human services direct service provider that guide his or her work compared to that of the philosophy and theoretical approach of an organization in a profes..
Is he right why or why not : Since this policy was established twenty years ago, Big Red has followed the policy exactly. Billy Jennings recently applied for a job at Big Red, but although he was well qualified for the position, he was not hired because, under the Big Red Aff..
Gain a competitive advantage over other firms : How can a company use their human resource practices to gain a competitive advantage over other firms? Please provide detailed answer.
Lab effect of pollution on the survival of brine shrimp : (Application) How might the information gained from this lab Effect of Pollution on the Survival of Brine Shrimp pertaining be useful, or how can this knowledge be applied to everyday life?

Reviews

Write a Review

 

Operation Management Questions & Answers

  Describe key characteristics of effective objectives

What can you achieve by applying the concept of a Balanced Scorecard to your personal situation? What are key characteristics of effective objectives?

  What is the business process for apple inc

What is the business process for Apple Inc? Can this process be improved to better meet customer needs? Analyze the process using the DMAIC (define, measure, analyze, improve, control) methodology.

  Identify the existing and potential sources of waste

For one or more of the sources of waste identified in part a) write a one paragraph description of what you would do as Operations Manager to reduce or eliminate this waste.

  Assignment on employment interviewing strategy

Assignment on Employment Interviewing Strategy, Scenario: You are the Human Resources Director of Recruitment for XYZ Enterprises, and you are charged with developing an interview strategy to be used to fill an open position

  Discuss the differences between substantive law

Discuss the topics you are comfortable with, the topics you struggled with, and how the weekly topics relate to application in your field.

  Performance improvements with disk read performance

Explain why would the Write performance of the disk would be better when mounted through the hypervisor than mounted directly to server operating system? Explain why would you expect to see performance improvements with disk Read performance when a d..

  Maria discharges jose from his debt obligation

This loan is due and payable in full on June 1st. Unfortunately for Jose, he failed to get a flu shot during the winter and came down with a very bad case of the flu.

  Calculate the total amount

During the 1950s and 609, Mr. T. Ohno of Toyota developed the k a n Production System. Subsequently many other Japanese automobile companies adopted it.

  Responsible for the success or failure of an organization

____ are the individuals responsible for the success or failure of an organization. they have jop titles sush as CEO, president and chancellor .

  Explain the importance of the project life cycle

Explain the importance of the project life cycle to project management. Identify and define the phases within the project life cycle and explain their importance to the project being successful.

  Analysis to determine the appropriate quantities

You are the branch operations manager for a leading manufacturing company. The following are the bill of materials (BOM), Master Production Schedule, and Inventory Record Sheet for one of your products.

  Fleet skills test can be accomplished on a driving range or

fleet skills test can be accomplished on a driving range or in actual traffic conditions. give at least one advantage

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