Minimize sum of annual carrying and ordering costs

Assignment Help Operation Management

Reference no: EM132112374

1. A large law firm uses an average of 48 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $30 per year per box, and it costs $39 to order and receive a shipment of paper. How many orders for paper will be placed each year?

2. A large law firm uses an average of 54 boxes of copier paper per day. The firm operates 260 days per year. Storage and handling costs for the paper are $17 per year per box, and it costs $42 to order and receive a shipment of paper.

What order size would minimize the sum of annual carrying and ordering costs?

Reference no: EM132112374

Questions Cloud

What are typical drive types and attachment methods : What are typical drive types and attachment methods for databases to be stored on servers.

The total annual costs of carrying and ordering paper : What are the total annual costs of carrying and ordering paper?

How much will be spent each year on ordering paper : A large law firm uses an average of 52 boxes of copier paper per day. How much will be spent each year on ordering paper?

Create presentation of the strategy : Assignment is to analyze critically the strategy of a real company or large organization and create a presentation of the strategy.

Minimize sum of annual carrying and ordering costs : What order size would minimize the sum of annual carrying and ordering costs?

Summarize the business case for each project : Utilize the learnings from Week 6 to highlight your skills in global sourcing, procurement, and outsourcing which can also be of benefit to your target firm.

Advise elwood as to the tax implications : CLWM4100 Taxation Law - Advise Elwood as to the tax implications of each of these disposals and calculate any amounts required to be declared in his tax return

Assess the ethical principles and frameworks used : Propose the social cause for your organization and how it supports the mission, vision, and values of the organization.

The definition of government expenditures : Which of the following is a severe and long-lasting economic downturn that is worse and deeper than a recession?

User Account

All Pages