What will be the average inventory of fuel

Assignment Help Operation Management
Reference no: EM13904382

Steve owns a local trucking company. With fuel costs being expensive, Steve wants to evaluate how much fuel, on average, he should store in his 8,000 gallon fuel tank. Each year Steve uses 80,000 gallons of diesel (usage is spread evenly throughout the year). Steve knows with certainly that he can have a load of fuel delivered in 5 days. The price of fuel is $3.25 per gallon and there is a separate $100 ordering fee per order. Steve thinks his holding cost per unit is 20%. If Steve orders at EOQ, what will be the average inventory of fuel in his 8,000 gallon tank?

Reference no: EM13904382

Forecast demand for emergency services in the facility

The manager of a small health clinic would like to use exponential smoothing to forecast demand for emergency services in the facility. However, she is not sure whether to use

What is the economic order quantity for each supplier

a) What is the economic order quantity for each supplier? b) What quantity should be ordered, and which supplier should be used? c) what is the total cost for the most econo

Which phase of appreciative inquiry encourages

Which phase of appreciative inquiry encourages people to use stories to describe their strengths, assets, peak experiences, and successes to understand the unique conditions t

System implementation

You can use Internet resources, peer-reviewed journals, and reputable, published articles, and you may interview an executive of a healthcare facility that has implemented an

Liquidated damage amount stated in contract

Is the liquidated damage amount stated in the contract between Mica Co. and Pack Rat Storage valid, or is it an invalid penalty? How much in damages can Pack Rat Storage recov

What is information-should be found in big data database

What is some information that should be found in big data databases? Why has big-data analytics become so popular with companies like Kraft Foods, United Airlines, and Ford Mo

Leadership-specifically-traits-behaviors and attitudes

Analysis of your personal leadership traits, behaviors, and attitudes as well as your overall readiness for leadership. Identify gaps that must be closed in order for you to p

Develop a public relations plan

Develop a public relations plan. Make sure to read the chapter on Program Planning before doing this assignment. Develop a plan for an organization of your own invention (not

Reviews

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