What is the total inventory cost per year

Assignment Help Operation Management
Reference no: EM131126742

Modern Furniture Stores sells modern coffee tables. The expected demand for next year is 500 coffee tables. Tables are handmade in Seattle. The cost of ordering a set of tables is $500. In addition the average cost of storing a coffee table is 150 dollars per year.

a. What is the optimal order size?

b. What is the total inventory cost per year?

c. What is the inventory turnover?

d. What is the inventory cycle?

Reference no: EM131126742

Questions Cloud

A population in which the proportion of items : If a random sample of 200 items is taken from a population in which the proportion of items having a desired attribute is p = 0.30, what is the probability that the proportion of successes in the sample will be less than or equal to 0.27?
The systems development life cycle model : The Systems Development Life Cycle (SDLC) model may not be an appropriate methodology in IT application development situations where the system specifications are not well defined or when the problem to be solved is an ‘ad-hoc’ problem with a very lo..
Convert glyceraldehyde to glyceraldehyde phosphate : Convert glyceraldehyde to glyceraldehyde phosphate (GAP),- Draw the fully protonated form.- Convert dihydroxyacetone to fully protonated dihydroxyacetone phosphate (DHAP).
How much energy is needed to freeze this water : How much heat does the freezer expel into the room while freezing the ice?
What is the total inventory cost per year : Modern Furniture Stores sells modern coffee tables. The expected demand for next year is 500 coffee tables. Tables are handmade in Seattle. The cost of ordering a set of tables is $500. In addition the average cost of storing a coffee table is 150 do..
Target market and specify its mains competitors in segment : Describe Mistine’s target market(s), and specify its mains competitors in each segment. Based on the SWOT analysis provided in the case, what are the key issues Mistine should address in its strategic planning as it looks to continue its growth and d..
Scraper productivity determines productivity of entire task : A contractor is planning to use 3 Caterpillar 631G single-engine wheeled tractor-scrapers to construct a 2-foot compacted fill that is needed to build a parking lot adjacent to a new hospital. Site plans for the project show the compacted fill to mea..
Ranging from traffic congestion to unfair competition : Case Study: IKEA offers a wide range of well –designed ,functional furnishing products which are sold all over the world . but while many would welcome its location in their communities , others may not.  what other benefits could the representative ..
A primary purpose of randomization in a rct is to : The majority of FDA approved drugs can be profitably classified into three primary groups- Identify the three companies with in silico platform technologies that are also correctly matched with drug modality.

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss wal-mart''s policies and relationship with suppliers

Discuss Wal-Mart's strategy related to low prices and how it supports the strategy.

  Discuss the valuable things about motivation

What are the most valuable things you learned about the four functions of management? Planning, Organizing, Leading and Controlling. Discuss the valuable things about motivation and communication techniques

  What does this indicate about the chargeback rates

Your local fast food chain with two dozen stores uses the company's internal corporate marketed department to produce signage, print ads, in-store displays, and so forth. Lately, store managers have been ordering more and more marketing services; the..

  Broken promises-partial payments and general stupidity

After months of broken promises, partial payments, and general stupidity, the landlord had no choice but to evict the long term tenants that had become little more than squatters in his first rental property. As he surveyed the damage and pondered a ..

  Explain how the concept translates thought into action

Explain how the concept translates thought into action, bear on the relationship among business strategy and operation strategy among long term and short term objectives.

  What kinds of socio-economic challenges

The gradual demise of communism has become obvious within the past two decades. Write a brief summary of the implications of transitions to capitalism that formerly communist countries may be experiencing. What kinds of socio-economic challenges do y..

  The mcdougal sandwich shop has two windows available

The McDougal Sandwich Shop has two windows available for serving customers, who arrive at a Poisson rate of 40/hr. Service time is exponentially distributed with a mean of 2 min.

  Which vehicles received the highest ratings

Which vehicles received the highest ratings? The lowest ratings? How important are crash safety ratings to new car buyers? Does the degree of importance depend on the circumstances of the buyer?

  What are the social and security issues for individuals

what are the social and security issues for individuals and organizations relative to person and business use of social media.

  Calculate a service level for each of the airlines

Calculate a service level for each of the above airlines. Marketing expenses for each quarter are known in advance, and could be used to improve forecasting performance with respect to the number of subscribers.

  What might be the challenges faced by your teams

Where might the formation of a team in terms of cellular production benefit your company and/or what "teams" are effective in your company at present? What might be the challenges faced by your teams

  Provide the mrp tables for all the finished products

Provide the MRP tables for all the finished products also the components for the next 6 weeks.

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