Economic order quantity to buy each time and its total cost

Assignment Help Operation Management

Reference no: EM132195862

1. Why do you think communication is vital to the success of every business organization? Explain briefly

2. A rockslide closes down a major highway on your delivery route and leads to unforeseen costs. Does the extra money needed come from contingency reserves, management reserves, or elsewhere? Why?

3. A particular raw material is available to a company at three different prices, depending on the size of the order: Less than 100 pounds $ 30 per pound 100 pounds to 1,999 pounds $ 29 per pound 2,000 pounds or more $ 28 per pound The cost to place an order is $60. Annual demand is 2,600 units. Holding (or carrying) cost is 30 percent of the material price.

What is the economic order quantity to buy each time, and its total cost? (Round your answers to the nearest whole number.)

Economic order quantity pounds

Total cost $

Reference no: EM132195862

Questions Cloud

Most commonly used by broad cost leadership strategy : Besides charging below average prices to customers, select which group of characteristics would be most commonly used by a broad cost leadership strategy

Complete an annotated bibliography : Complete an annotated bibliography from the references below that are relevant to the research topic.

Describe your own immigrant path : Describe your own immigrant path, over one or many generations, to becoming an American. Does it include Blacks and/or Native Americans

Determine how you should pay for the equipment : Determine how you should pay for the equipment if a discount rate of 6 percent is applied.

Economic order quantity to buy each time and its total cost : What is the economic order quantity to buy each time, and its total cost?

Commonly used by broad cost leadership strategy : Besides charging below average prices to customers, select which group of characteristics would be most commonly used by a broad cost leadership strategy.

Readylite company produces flashlight : The Readylite Company produces a flashlight in which product managers are trying to decide how long a warranty to issue.

What privacy and security concerns exist in using pe tools : What privacy and security concerns exist in using PE tools? What are your privacy and security concerns with this tool?

Production or purchasing is made in predetermined batches : When production or purchasing is made in predetermined batches or lots

User Account

All Pages