How many days will there be until your next order

Assignment Help Operation Management

Reference no: EM132298168

You are on fire in the inventory management department these days. You are working for a place which works on 354 working days per year.

The annual demand is 1,288 widgets per year.

The ordering cost is $172 per order, regardless of size.

The holding cost is $2 per widget per year.

Assume you just placed an order and used EOQ to determine the quantity you ordered. How many days will there be until your next order? In other words, what is the time between orders?

Reference no: EM132298168

Questions Cloud

How much company budgets for IT security defenses : What impacts might huge fines have on how much a company budgets for IT security defenses?

Stretch goal for some aspect of your own life : Using criteria for effective goal-setting come up with a stretch goal for some aspect of your own life.

Mid-sized international marketing and design firm : You have been hired as aconsultant to a mid-sized international marketing and design firm that has operating in Paris, Tallahassee, Tokyo, and Vancouver.

Challenges for managers in multinational companies : What are some of the labor relations challenges for managers in multinational companies?

How many days will there be until your next order : How many days will there be until your next order? In other words, what is the time between orders?

Negatively influence readers perceptions of credibility : Which of the following is most likely to negatively influence readers' perceptions of your credibility?

The profitability of organization in the marketplace : Competitiveness is related to the profitability of an organization in the marketplace.

Revised to address your specific business problem : When you're evaluating secondary research and how well it can be revised to address your specific business problem, you are considering its

Philosophy of leadership or philosophy of service : Students may search the internet for “philosophy of leadership” or “philosophy of service” to get ideas.

User Account

All Pages