Determine what is the effect on eoq and total costs

Reference no: EM13242194

A grocery store carries a particular brand of tea tha has the following characteristics:

Sales= 8 cases per week
Ordering Cost=$10 per order
Carrying Charges= 20% per year
Item Cost= $80 per case

What is the effect on EOQ and total costs if there was a 40% increase in demand from the above data?

Reference no: EM13242194

Questions Cloud

Why innovation is at the heart of creating advantage : Explain in one or two paragraphs why innovation is at the heart of creating and sustaining competitive advantage for firms. You need to mention the interrelationships between innovation, productivity, competitive advantage and value-creation.

Critically evaluate the performance of the trade policies be : Critically evaluate the performance of the trade policies being applied in french in terms of their effect on the economic development

Identify the fixed and variables costs are for the good : From the e-Activity, determine the environmental variable most likely to affect the short-run production over the next 12 months. Determine what managers can do to prepare for the possible change in short-run production.

What would be the force on the alpha particle : An alpha particle (the nucleus of a helium atom formed by 2 protons and 2 neutrons, What would be the force on the alpha particle if it were traveling parallel to the magnetic field lines

Determine what is the effect on eoq and total costs : A grocery store carries a particular brand of tea tha has the following characteristics: Sales= 8 cases per week Ordering Cost=$10 per order Carrying Charges= 20% per year Item Cost= $80 per case What is the effect on EOQ and total costs if there was..

Pick a good or service you are familiar : Please respond to the following: Imagine you are a manager of a chemical company. An accident has occurred in which chemicals leaked into the ground water nearby, the community is unaware. Assess the costs involved in cleaning up the water immediatel..

What is the total quantity supplied in the market : as this market makes the transition to its long-run equilibrium, will the price rise or fall? will the quantity demanded rise or fall? will the quantity supplied by each firm rise or fall

Calculate the radius of the circular path : The solar wind is a thin, hot gas given off by the sun. Charged particles in this gas enter the magnetic field of the earth and can experience a magnetic force, calculate the radius of the circular path on which the particle would move if it were a..

Imagine you are a manager for the good or service : Aside from maximizing profits, assess the factors that managers must consider when making the decision to outsource or integrate forwards or backwards considering which factor would be most influential for decision-making.

User Account

All Pages