Determine the economic order quantity, Microeconomics


Describe the meaning of ABC inventory control and on what key premise is this system based?

The finance department of Electric Corporation gathered the following information: The carrying cost per unit of inventory is Rs10, The fixed cost per order is Rs20,the number of units required is 30,000 per year, the variable cost per unit ordered is Rs2 and the purchase cost price per unit is Rs30


(a) Determine the economic order quantity (EOQ)
(b) Determine the total number of orders in a year
(c) Evaluate the time-gap between two orders
(d) What modification is required in the basic EOQ analysis in order to cope with the problem of inflation?
(e) What are the limitations of the EOQ model?

Posted Date: 11/20/2013 2:41:03 AM | Location : United States

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

Write discussion on Determine the economic order quantity
Your posts are moderated
Related Questions
Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou

What is utility maximization according to consumer behavior? Consumer Behavior: Utility Maximization A foundational hypothesis onto individual behavior within modern econ

1. What is a resource market? 2. Describe resource demand and resource supply. 3. Define derived demand. 4. Describe the resource market demand and supply curve. 5. Define a te

International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

Consider an economy with high innovative potential, but where saving is insufficient to fund innovative investments. Use Garrison's capital-based macroeconomics to explain how more

Input Substitution When the Input Price Change  Isoquants and Isocosts and Production Function The minimum cost combination can be written as: - Minimum cost

Perfect competition has the following characteristics: 1. Large number of firms - There are a large number of firms in the market. Due to this each firm produces a very small fr

draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.

how do minimum unit costs change with changes in fixed cost?