### Compute the total annual cost utilizing your order size

Assignment Help Operation Management
##### Reference no: EM1377464

Q. A large law industry uses an average of 45 boxes of copier paper a day. The industry operates 257 days a year. Storage also handling costs for the paper are \$31 a year per box also it costs approximately \$64 to order also receive a shipment of paper.

a. Illustrate what order size would minimize the sum of annual ordering also carrying costs?

b. Compute the total annual cost utilizing your order size from part a.

c. The office manager is currently utilizing an order size of 202 boxes. The partners of the industry expect the office to be managed "in a cost-efficient manner." Would you recommend which the office manager use the optimal order size instead of 202 boxes? Justify your answer.

#### Questions Cloud

 What amount is the note payable recorded : What amount is the note payable recorded at on 1 st October and how much interest is recognized from October 1 to December 31? Discussion on business management intervention : For CBS Corporation, list three problems requiring interventions. Define the rationale and how do your personal skills and competencies compare to what is required for a successful consultant? Computes the total cost and marginal cost : Create a table that computes the total cost and marginal cost for every quantity between 1 and 10 units and what is the relation between marginal cost and average cost Apply utilitarianism to the documentary topic as well as : What is the theme?- Apply Utilitarianism to the documentary topic as well as identify an appropriate and important moral/ethical deduction based on your analysis. Compute the total annual cost utilizing your order size : The office manager is currently utilizing an order size of 202 boxes. The partners of the industry expect the office to be managed "in a cost-efficient manner." Would you recommend which the office manager use the optimal order size instead of 202.. Illustrate what other alternatives could he have considered : With the information he had at the time, illustrate what other alternatives could he have considered. Develop at least two of them. Record the adjustment for uncollectible accounts : Record the adjustment for uncollectible accounts on 31 st December, 2012 -  Record the adjustment for uncollectible accounts. Primary and secondary data regarding the research issue : Use the Internet to collect both primary and secondary information regarding the research issue, opportunity, or problem given below for your Research Process Outline in Learning Team Meeting One. Explain inventory management : Explain Inventory Management- Deliberate some of the issues that a small pizza restaurant might face in inventory management. Would a pizza restaurant utilized a fixed order quantity or period system for fresh dough

### Write a Review

#### Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

#### Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

#### Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

An analysis of the holding costs, including the appropriate annual holding cost rate.

#### Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

#### Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

#### Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

#### Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

#### A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

#### Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

#### Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

#### Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.