Determine the best ordering policy for a new product

Assignment Help Project Management

Reference no: EM131259712

Kim Clark has asked you to help him determine the best ordering policy for a new product. The demand for the new product has been forecasted to be about 1,000 units annually. To help you get a handle on the carrying and ordering costs, Kim has given you the list of last year's costs. He thought that these costs might be appropriate for the new product.

1279_Figure 4.jpg

He also told you that these data were compiled for 10,000 inventory items that were carried or held during the year.

You have also determined that 200 orders were placed last year. Your job as a new operations management graduate is to help Kim determine the economic order quantity for the new product.

Reference no: EM131259712

Questions Cloud

Present a comparative chart with the analysis : MKT 650-02 Fall 2016 Take-home Exam. Present a comparative chart with the analysis of the following domains for the Montreaux and the Mountain Man Beer cases: The three organizational (or team) domains and Demand (macro/market) domain: Six environme..

Evaluate and present the impacts of the resources : Evaluate and present the impacts of the resources. Apply the best organizational development process skills the executives should use. Apply the change strategies within the short-term and long-term.

Manager of a business that cleans airliners : You are the manager of a business that cleans airliners. You are contracted by airlines to perform quick cleanups on planes between flights as well as more extensive cleanings while planes are parked overnight.

What man-made disaster occurred in recent years : What man-made disaster occurred in recent years that FEMA provide aid for?

Determine the best ordering policy for a new product : Determine the best ordering policy for a new product. - The demand for the new product has been forecasted to be about 1,000 units annually.

Estimate the number of hosts in 2018 : Let x represent the number of years since 1994. Find an exponential regression model for this data set and estimate the number of hosts in 2018 (to the nearest million).

Operating divisions are heat treating-extruding-small parts : Ollie Mace is the controller of SDC, an automotive parts manufacturing firm. Its four major operating divisions are heat treating, extruding, small parts stamping, and machining. Last year’s sales from each division ranged from $150,000 to $3,000,000..

Disruptive technology to improve ubers operations : Please write a memo to Uber where you suggest how they can use the idea of a disruptive technology to improve its operations. You can briefly summarize the key points in Christensen's article in that memo.

Explain how an organization creates value : Write a 525-word paper that analyzes the differences between two technological management theories applied to one organizational design. Analyze the relationship between organizational theory and organizational structure and design. Determine the va..

User Account

All Pages