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

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).

Posted Date: 2/23/2013 2:35:19 AM | Location : United States







Related Discussions:- Determine the optimal order size and total inventory cost, Assignment Help, Ask Question on Determine the optimal order size and total inventory cost, Get Answer, Expert's Help, Determine the optimal order size and total inventory cost Discussions

Write discussion on Determine the optimal order size and total inventory cost
Your posts are moderated
Related Questions
1. Using Porter's Five Industry Forces, map the soft drink industry. 2. What are the risks and opportunities of the strategies followed by Pepsi? Of Coca Cola? 3. How would you res

Question 1: (a) Define personality? (b) (i) Outline the six Occupational Personality Types of Holland's Theory of Personality-Job-Fit. (ii) Explain the relationships amon

Given the complexities and risks involved with supply chains, might it make sense for a business organization to vertically integrate and be its own supply chain? Why or why not?

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

Consider a production system that consists of a single station with a production rate of 1 part per minute and a process variability given by Ce=1. a) Suppose the system is run

2. Inez Garcia was born in Portland, Oregon. Her mother is from Italy and Jewish. Her father is Mexican. Under the Guidelines on Discrimination Because of Religion or National Orig

Project Management is a strategic necessity for the success of any business. Based on the reading in the chapters what do you think are the 5 most critical points in delivering suc

Case Scenario: Heartsong LLC. Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While a relatively small company in the medical de

Explain two methods for allocating costs. Justify why you selected them and how you would make the most use of them in cost analysis. No copying and pasting or will not be ra