What would you recommend as an eoq

Assignment Help Project Management
Reference no: EM131251416

Deep Six Seafood, a restaurant that is open 360 days a year, specializes in fresh Maine lobsters at a cost of $10 each. Air freight charges have increased significantly, and it now costs Deep Six $48 to place an order. Because the lobsters are shipped live in a saltwater tub, the order cost is not affected by order sizes. The cost to keep a lobster alive until needed runs about $0.02 per day. The demand for lobsters

1926_Table 7.jpg

during the 1-day lead time is as follows:

a. Deep Six would like to reconsider its order size. What would you recommend as an EOQ?

b. The Maine distributor is willing to give Deep Six a $0.50 discount on each lobster if orders are placed in lots of 360 each. Should Deep Six accept this offer?

c. If Deep Six insists on maintaining a safety stock of 2 lobsters, what is the service level?

Reference no: EM131251416

Questions Cloud

Internal rate of return for a proposed project : Your boss wants you to estimate the internal rate of return for a proposed project. The project requires an intial investment of $7 million and has expected cash inflows of $1.6 million at the end of each year for 7 years. What is the IRR?
What is the number of bits corresponding to each level : A multilevel digital communication system sends one of 16 possible levels over the channel every 0.8 ms
How many working days elapse between reorders : What should the EOQ be? - How many orders are placed per year?   How many working days elapse between reorders?
Draw a 16-level nonuniform quantizer characteristic : Draw a 16-level nonuniform quantizer characteristic that corresponds to the µ = 10 compression characteristic.
What would you recommend as an eoq : Deep Six would like to reconsider its order size. What would you recommend as an EOQ? - If Deep Six insists on maintaining a safety stock of 2 lobsters, what is the service level?
Define what will make your service extraordinary : What image of your function do you want to convey internally and externally? Customers, employees and the public will all have perceptions of your company. How will HR help create the desired picture?
Independence of the federal reserved : What are the factors that promote the independence of the federal reserved?
Calculate the costs associated with a loan : To calculate the costs associated with a loan, such as the one that Bob and Carol need to start their winery, you must have the following information The annual interest rate.
How many cases should dutch farms hold : Calculate the EOQ for Dutch Farms. -  How many cases should Dutch Farms hold as safety stock against stockouts?

Reviews

Write a Review

Project Management Questions & Answers

  Is the project worth doing

Is the project worth doing? In my job we are often reviewing whether or not we should do something and i think it's important that a project absolutely makes sense to do from either an economic or strategic standpoint.

  What additional factors should moore evaluate

What suggestions can you offer that would help Moore make this decision? - How could Moore go about determining the cost-effectiveness of this strategy?

  Describe how you would respond to each situation

Review each of the five mini-case scenarios below involving ethical dilemmas associated with project management. Describe how you would respond to each situation and why - How would you respond to each situation and why?

  Understand the genesis of project management

Assignments for CIS8010 Understand the genesis of project management and its importance to improving the success of information technology projects - understand the triple constraints of project management: scope, time, cost

  Identified twenty-five top key critical safety risk factors

Could you share with us whether any of these risks were specifically applicable to an infrastructure project (or any other project) you were involved with?

  Terrys sales presentation amp the engineering groupyou just

terrys sales presentation amp the engineering groupyou just had terry one of your team members from marketing give a

  Formulate resource estimates and project budgets

To build an effective project plan, one of the many components is the estimate of resources that will be required, when the resources will be required and the formulation of project-based budgets.

  The cost of performing inspection sampling moves

The cost of performing inspection sampling moves inversely to the cost of quality failures

  Mcdonalds project management pert and crmconsider the

mcdonalds project management pert and crmconsider the organization mcdonalds.-how does project management influence

  Project managers to resist changes to the project baseline

Why is it important for project managers to resist changes to the project baseline and under what conditions would a project manager make changes to a baseline?

  What employers are asking for in terms of experience

Briefly summarize what employers are asking for in terms of experience, education and other qualifications. How do you match up with what employers say they need? What qualifications do you have that align?

  Develop a marketing campaign and explain why

Dentify which research methodologies and resources I should consider using in developing a marketing campaign and explain why.

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