Calculate the optimum order quantity, Operation Management

Assignment Help:

1. The annual demand for a product is 8,000 units. The order cost is $30 for a single order. The cost of the item is $10 and the holding cost has been calculated at $3 to carry one item in stock for one year. 

Calculate: 

(a) The optimum order quantity 

(b) The number of orders to be placed annually and 

(c) The overall costs.


Related Discussions:- Calculate the optimum order quantity

Explain lead directly to performance but is moderated, Stephanie the CEO of...

Stephanie the CEO of XYZ Inc., is trying to increase the level of effort and therefore performance in her company. Based on expectancy theory on motivation she knows that effort do

Trade off between delivery and flexibility, Trade off Between Delivery and ...

Trade off Between Delivery and Flexibility Pagell et al (2000) argue that the trade-off concept is based on Skinner's quandary that a manufacturing plant could not be configur

Explain different forecasting techniques, An analyst must decide between tw...

An analyst must decide between two different forecasting techniques for weekly sales of roller blades: a linear trend equation and the naive approach. The linear trend equation is

World competitive merit for the manufacturing of goods, The regime in China...

The regime in China has been known to manipulate it currency creating a competitive a world competitive advantage for the manufacturing of goods. Evaluate the impact to the U.S. ma

Make an aggregate plan using a spreadsheet, Helter Industries, a company th...

Helter Industries, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand. For the current four-month rolling schedule

How to increase customer satisfaction, Question: (a) Show how supply ch...

Question: (a) Show how supply chains can be managed more effectively to provide more effective service delivery in order to increase customer satisfaction, while also increasin

Fixed position layout - process design, Fixed-position layout This co...

Fixed-position layout This configuration is typically used for low-volume, project-type operations where the product being produced is massive, and movement of the material f

Evaluate the two competitor''s strategies, As the industry watches to see h...

As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to det

How the use of strikes has increased, The use of strikes has increased in t...

The use of strikes has increased in the last decade such that the FMCS reports now show a 10% utilization rate

Write Your Message!

Captcha
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