Calculate the economic order quantity for plastic pellets

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Reference no: EM132291980

1. In recent years, there has been a growing attempt to measure the performance of health care providers. The federal government has published data on how hospitals compare to acceptable clinical standards with regards to the treatment for phenomena. Explain how this data may affect the consumer decision-making process (see exhibit 4-1 in your text).

2. MySchool Notebook Company uses 130,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders. They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $50 to place and put away an order of pellets. They use an inventory holding rate of 20% of the cost of an item.

Calculate the economic order quantity for plastic pellets for MySchool Notebook.

Reference no: EM132291980

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