Calculate the optimum order quantity, Operation Management

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.

Posted Date: 3/19/2013 2:09:26 AM | Location : United States







Related Discussions:- Calculate the optimum order quantity, Assignment Help, Ask Question on Calculate the optimum order quantity, Get Answer, Expert's Help, Calculate the optimum order quantity Discussions

Write discussion on Calculate the optimum order quantity
Your posts are moderated
Related Questions
Q1. Why is environmental analysis important for an organization? Q2. Write a double-spaced essay of between 750-1000 words on the value of business process improvement to an ind

Give 5 steps in deciding Service facility location

what used materials for made the Turbine blades which endures vibrations and saline conditions and why?

Which of the following is not a characteristic that distinguishes services from goods? Service jobs are unskilled A service is intangible Services are perishable Services are heter


Product or Service Design and Process Selection  Can the products/services be designed to satisfy the needs of both the market and the producers/providers? For example, it may


Two samples are said to be independent if they are collected at different points in time. False True

Locate an organization that has used vertical integration as a supply chain strategy. Describe in detail why you believe vertical integration was/was not the appropriate strategy.

Discuss what you would/could do as a manager, or what you have experienced, to create 3 different "orange splats" or emotional episodes at work that are low cost with high emotion