Determine the optimal order size and total inventory cost, Operation Management

Assignment Help:

Case Study:

The ePoint Store stocks paint in its warehouse and sells it online on its Internet Web site. The store stocks several brands of paint; however, its biggest seller is Sharman-Wilson Iron coat paint. The Company wants to determine the following:

1. Optimal order size and total inventory cost for Iron coat paint given an estimated annual demand of 10,000 gallons of paint, an annual carrying cost of € 0.75 per gallon, and an ordering cost of €150 per day.

2. The number of orders that will be made annually and the time between orders (Order cycle).


Related Discussions:- Determine the optimal order size and total inventory cost

Qualities of a good marketing audit, Which control should periodically reas...

Which control should periodically reassess its approach to the marketplace with a good marketing audit? • Ethical control • Strategic control • Performance control • Ma

How managing and using performance data, Identify three aspects of managing...

Identify three aspects of managing and using performance data so that it is useful to the organization. Provide an example of each aspect. Be specific in your response.

Explain router could not be used as a fire wall, Which of the following cou...

Which of the following could not be used as a fire wall? a. hub b. router c. server d. PC

Explain generating positive organizational behaviour, One of the constants ...

One of the constants in organizations is the presence of change. In almost all change scenarios, human behaviour is impacted. However, organizational members often resist change. W

Briefly define the situational influences on organizational, Briefly explai...

Briefly explain the situational influences on organizational design

Describe future of global air transportation, What do you predict for the f...

What do you predict for the future of global air transportation?

Explain what is economic value added, Spencer Inc. has the following inform...

Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $500; Total assets = $4,000; Short-term investments =

Explain average inventory level, 1. Custom Computers, Inc. assembles custom...

1. Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each and are ordered in quantities of 1500 units. Annual demand is 75

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