Explain annual holding and order costs, Operation Management

Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time - 1 week service probability - 95% Determine the order quantity and reorder point. Determine the annual holding and order costs.

Posted Date: 2/5/2014 2:25:26 AM | Location : United States







Related Discussions:- Explain annual holding and order costs, Assignment Help, Ask Question on Explain annual holding and order costs, Get Answer, Expert's Help, Explain annual holding and order costs Discussions

Write discussion on Explain annual holding and order costs
Your posts are moderated
Related Questions
Profits have been decreasing and power plant executives are considering whether to use a production process that decreases costs (and therefore increases profits) but adds to the p

Name and briefly describe the four primary concerns for product design in a DFMA program.

Brunswick, read an article on time-phased requirements planning. He was curious about how this technique might work in scheduling Brunswick's engine assembly operations and decided

1) One change method is to encourage testing activities throughout the change process. "Piloting" ideas throughout the change process gives opportunities that are safe to challenge

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month Sales (000)Units Feb. 19 Mar. 18 Apr. 10 May. 21 Jun. 16 Ju

Give difference between assembler, compiler and interpreter

Fred Flowers works for Alabama Electric and is a resident of the State of Florida. Following a series of storms in the Northeast, Alabama Electric sent Fred to Virginia as part of


Southern Fresh has decided to make a policy that every product will receive enough shelf space to ensure that 98.75 percent of customers will find that their first choice is availa

Quantitative Versus Qualitative Measurements A variety of formulae can be used to determine productivity as illustrated. These are generally referred to as 'hard' or quantifia