Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Ashish keeps his inventory in special containers. Each container occupies 10 sq fit of store space. Only 5000 sq ft of the storage space is available. The annual demand for the inventory item is 9000 containers priced at Rs. 8 per container. The ordering cost is estimated at Rs. 40 per order and the annual carrying costs amount to 25% of the inventory value.
Would you recommend to ashish to increase his to rage space? If so how much should be the increase?
Solution :
Given D = 9000 units , A = Rs. 40 / order , C - Rs. 8 / unit and h = 25% of Rs. 8 = Rs 2 unit / year
We have
EOQ = √2AD / h
= √2X 9000 X 40 / 2 = 600
With EOQ = 600 units the maximum level of inventory would be 600 units and the space required to hold it equals 600 X 10 = 6000 square feet. The present capacity being 5000 square feet he should increase the storage capacity by 1000 square feet.
Based on your personal and professions experience, provide examples and discuss how technological innovation resulted in change within your organization, whether it concerned proce
Productivity -Numerically Defined Total factor productivity (TFP) = Pt = Ot/(L+C+R+Q) Partial factor productivity (PFP) = Ot/L or C or Ot/a combination of inputs Pt
What are the arguments for and against social responsibility on the part of businesses? Research the topic and discuss. In addition, which set of arguments is more compelling?
How should foster position herself and her team prior to raising a follow-on fund?
In the precedence chart to the right, times are in seconds. 1 Assume that the plant runs one 7.5 hour shift per day and the assembly line is designed with 5 stations (one worker pe
Analyze the elements of a typical scope statement and the significance of each element. As a project leader, determine how you would communicate the scope of a project to the proje
Using the data in Table 13-4, determine the latest time activity A can be finished and not delay any activity? Table 13-4 The following represents a project with known activity tim
Discuss the aspects of Total Quality Management (TQM) and how they apply in service- and product-based businesses.
Gantt Chart The Gantt chart were made by Henry L. Gantt approximately a century ago. Their aim is to provide an immediate comparison between schedule and realty( i.e. among p
Describe the challenges of global virtue teams and what types of training and tools management can proactive put in place to ensure cultural differences are taken into account.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd